RE: Storming day6 Feb 2020 21:08
Garnhiem
Whether its Gas or Oil, it's still going to be huge growth.
He's anticipating 8,000 Boe/d
If it's all Gas, it's roughly £ 50 Mill per annum (based on Trinidad Gas prices) and if it's all Oil, it's £ 150 Million per annum.
Somewhere in the middle, which it will be as a mix of the two, £ 100 Million per annum.
That's four times the current revenue.
The existing revenue of TXP is four times the current revenue at CERP, and current production rates at TXP are three times that of CERP, where you're prepared to be patient, and hold.
So, with the additional revenue, TXP will be 15 times + that of CERP.
CERP is valued at £ 20 Million with nowhere near the progress or prospects of TXP.
Shows how undervalued TXP is, we should be looking for a £ 300 Mill market cap at TXP then.
This development at TXP is the stuff of CERP's dreams.
How was it described ? Ah, yes, 'a beast !'
Thanks for showing up.