Member Info for PhotographerTLP

Danawinner, 40p might not be a life changer for me, I couldn’t live forever on the proceeds, but it would really be very nice to have that amount of profit to enjoy.

On Shellguy’s post at 08:41 this morning there’s a link and if you click it you will find a report on that chain. The report states that North are wish to divest from oil and gas. A number of companies have shares being sold by North or are about to. They are concerned that their fund value could drop if the oil price were to plummet.

Somebody on FB said they were selling at 100% profit and that was around 20p I think.

So as I see it, it is just sound business on North’s behalf, as much as it is painful for us. 100% profit and wishing to balance their portfolio and not be over exposed to oil and gas. Good for them I would say. Edale are happy.

I wonder if they sell all 17m shares?

I haven’t checked here regularly for ages but I read something posted on my other share, TXP, that might be interesting to folks here as it involves Equinor. This is not a plug for TXP in any way

North Energy, the world’s largest sovereign investment fund apparently, is selling large amounts of TXP and given that companies recent rally, and the news that is constantly flowing, it seemed strange to investors as to why they were doing this. However, the report states that North are divesting from oil & gas and wishing to have a more balanced portfolio.

As I understand it, North own the majority of Equinor. This may go some way to explaining why they opted out of the latest venture with JOG.

I hope I’ve got the above correct? If this information has been posted before, apologies, as mentioned I don’t check here very much.

We must be due at least one TR-1 form soon? Presumably it is North that are still selling, is it Edale that are still buying?

I have to remind myself that 0.9p is still a decent days profit (personally) and that I shouldn’t be greedy. Nah...I’m greedy, come on 5p in a day!!

Who needs who the most? Do Shell need our gas more or do we need the processing plant more? Is it equal? We've got the gas and need the plant, Shell has the plant and 350 employees? but not the gas to fill the capacity. Man....this is getting interesting!! Let's hope that everybody plays nicely and that they come to a mutually beneficial conclusion.

I'm not thinking of selling Shellguy, I just wanted to see if the market wanted my holding.

Danawinner, that was around the figure I was experimenting with. A little bit more than the 100k.

I thought to see if I could sell my entire holding, I can!! I've got a fair few shares and the whole lot can be sold in one go......
Somebody posted up to the sky earlier, this is looking so far beyond the sky now, it's got Buzz Lightyear written all over it....

To Infinity and Beyond!!

Looks like the brokers might be surprised by this rise. Was it ProActive that yesterday said 30p in 6 weeks? I think there was another one that recently said 30p in 6 months?

Hopefully a lot of readjustment in broker forecasts will be released soon. Lots more attention for the mighty TXP.

20%!!

Well that would make sense Brasso. I think maybe PB has been caught out by the potential speed at which 5,000bpd might be reached? If the money from dividends would be needed for further expansion I don’t think I’d mind if PB revised the 5,000bpd to another figure. I trust the man and I know he will do right by us all.

Do I remember correctly that PB mentioned that he hoped to pay dividends at 5,000bpd? If possible of course. I know he is keen to pay dividends as he is a major share holder. He was refreshingly honest about how keen he was. 5,000bpd could be this year?

Anybody got a guess what value dividend might be offered. I’ve never had a share with dividends before so zero knowledge on how that works?

As the title mentioned, jumping the gun, but why not.....

Simon, honestly, I am dancing around for sure. My boy has lost a Lego piece and he is trying to get me to find it.....really my boy, I’m busy dancing, be away with young fella!! I was thinking around midday, what will it be like when 5p in a day happens? I think that day is not so very far away. So that’s my new target, 5p in a day.

You have to love this share!! 2020 is not only transformational for TXP but also it’s share holders!!

Good to see a few new faces here. The word is spreading. TXP is gold!!

Some nice buys coming through. Not massive but healthy enough. All is well in the world of TXP.

Ah okay. I don’t have knowledge on these things so I thought it best to ask.

It’s this line, Danawinner that has confused me.

‘Petroleum revenues derived from the sale of natural gas are not subject to the SPT.’

From the statement below (at the bottom), do I understand correctly.

If a drill site is oil rich, but has some gas, then SPT will be applied to the oil/petroleum sales. However, if a drill site is predominantly gas rich then the oil/petroleum sales are not subject to SPT.

‘Under the Trinidad petroleum tax regime, all petroleum liquids are subject to the supplemental petroleum tax ("SPT") which, at today's oil prices, equates to 18 percent of net petroleum revenues. Petroleum revenues derived from the sale of natural gas are not subject to the SPT. Given that the Company presumed the initial test interval was predominantly oil bearing, the presence of high volumes of natural gas in preliminary testing is encouraging.’

Blimey!! Anybody here lucky enough to have been in RRE at the beginning and still holding?