Member Info for PipeDragger

Looks like we might get a dividend later this year (RNS 1st June). (Shame they splurged all that cash on buy backs).

Will it be a new dawn or a new dud? I hope to sell this one at a profit before I retire (7 years time). I would settle for a steady dividend but no sign of that.

The share buyback, combined with stagnant production seems to have been really effective at driving down the share price by a third. If they had used the same buyback cash to issue a dividend then the SP would have been maintained, maybe even increased. Maybe it is all a cunning plan so the directors can buy out their own company at a steal of a price.

25tn April 2016 RNS "Trinity is continuing to target an eventual run-rate closer to 3,000 bopd over the next 12 month". Not happening just now, jam tomorrow!

Producing what? Water?

Odd use of funds. 1st well did not flow but that is okay - it was expected. They can drill my backgarden next.

Usually comes out on third week in April. Not this year it seems. Another week to wait for the latest reasons why production is on a plateau. I think we would all like that dividend to be announced.

Yes, it is a consistent string, year after year of duds. Always hoping the reservoirs are long ignored stores of richness. Most have turned out to be not worth the drill. Seems more like the movie "Field of Dreams" "If we build it they will come". All this great infrastructure but not much to put in it.

New reason for not meeting production growth target, maybe? (I am glad fire is out).
Q1 update due soon.

How long before REDX needs to go back to the well with another bucket?

a 30p target would be reasonable

Unbelievable. They have no faith in their ability to restore shareholder confidence. This is just snouts in the trough!

Looks like they are offering $1.80 for each Jounce share. That is a poor deal for REDX or (more likely) I can't make the maths work.

oh well

Long line of duds: Skipper, Harvey, Elgood, Southwark.... if Blythe doesn't come good then it is all over. Hope they have it right this time.

Is when you think the company is sitting on vast gas reserves and ignoring all evidence otherwise. Disappointment is after building platforms and pipelines then drilling and finding very little. Shocking but common (Hurricane Energy fiasco for example)

The last RNS on operations gave the news "Initial production levels for the three wells drilled in 2022 were on prognosis but subsequent performance is lower than planned". That could explain why the market is taking a dim view of the next couple of wells. I wasn't aware they had a reasonable result on the subsequent well ABM-151 - it seems odd that they broadcast failure but keep success quiet.
(I was also disappointed that they didn't give the data on the first three wells. Are they net money losers or just modest gains etc.)

Seems the market doesn't like the merger.....

Don't think the market cares any more. Price is nosediving. Production is flat. I hope they have some good news soon. That many years promised dividend (even Bruce Dingwall RIP mentioned it) would help.

Shear, thanks for that. NASDAQ is generally a better place for pharma listings.