Member Info for rossannan

MrMagoo31 Could be, but I like what TXP has done with its debt, as announced yesterday, so my potential CERP money will be staying in there a bit longer than I originally planned. TXP’s SWP equivalent kicks off first thing in 2019. So far LK has just said H1 2019 for the SWP. To me this sounds more like Q2 than Q1, so no rush, although I will likely miss out on the material deal. But I’m not sure that the big deal and the material deal are the same thing.

More non-news - up at the start of the day then falling back, almost guaranteed. The news that might lead to a sustainable rise never seems to get any closer. Is it likely that construction of the 25tpd unit will even start this year?

londonpicard Good advice from pomander - ignore posters on both sides and go through the last 12-18 months of KA's RNS announcements, then make your own mind up about PHE’s trajectory.

Gibbo Good luck, at least the odds are miles better this time round.

“Touchstone Exploration Touchstone has announced a one year extension to their credit facility, at a cost of $150/- which seems exceptional value for an extended term, no change in coupon and a removal of tricky covenants. The race is now on to get production up and to be able to pay the payments when they eventually become due or to cut a deal with someone, all of which is possible…A smart move but to an extent a moving of deckchairs, I am hoping to catch up with the CEO soon, our diaries havent matched so far but keen to chat.” Not sure I agree with “to an extent a moving of deckchairs”. What PB has done is bought time and bought it, as Malcy acknowledges, very cheaply. And, given the plan for 2019, it is a potentially very valuable chunk of time that PB has bought, IMO.

Cheers Leo!

“When are you going to start answering Questions to the Team again?”

nevo75 Definitely a blinder. The program that he announced had raised some funding issues but at the worst they are now less significant and have been pushed further down the line. I love it that the first club he reached for was non-dilutive.

Gibbo1066 Fair play, as long as you are spreading your risk. No oiler on AIM, let alone any other share, is worth betting the farm on.

nevo75 The market will get it eventually and the re-rate will be something to behold. In the ultra short term, I would genuinely be surprised not to see a blue finish today. All of the T&T oilers (except RRL, obviously) have their respective merits, but the operational momentum here is second to none and while they all have high impact drilling on the cards, it looks as if TXP will get to its first.

Jilted John was clearly wrong about Gordon.

Garnhiem. The depth matters because of the unknown potential further down. The shallower levels are better known quantities that are unlikely to interest the likes of BP. It gets more interesting down towards the Herrera though, and I remember how NR used to bang on about the Herrera‘s “regional significance”.

Garnhiem. This is the thing - there’s deep and then there’s the Herrera. That’s why I asked the Question to the team about depths - how deep will $2-4million take us? Not to the likes of the Herrera, I assume, but deep enough to hit something that might conceivably be of interest to BP? We’re certainly talking about deeper than Goudron’s 5000 feet limit, but exactly how deep?

In fact, no harm in a Question to the team, just sent (though I’ve given up expecting an answer): You have talked about initial SWP wells “targeting multiple stacked prospects”. At roughly what depth is each of these prospects?

Rugby I just wonder though whether those initial SWP wells will be deep enough to hit something of interest to BP. They may prove up the SWP very nicely indeed, but maybe it is only the deeper wells, of the kind talked about in relation to Cedros, that have the potential for the kind of world class asset that would interest BP. Perhaps, once the SWP has been proved up, CERP will have the bargaining power to talk to BP about coming in with them on something like that.

Rugby2015 That is a fair point.

BG + CERP = rampy nonsense If CERP ever hit something producing thousands of bopd, they may take LK’s call. Until then, let’s keep it real.

Scarface72 With about 0.75Billion shares on a fully diluted basis already, how are they possibly going to make it to a £500M MCAP without sailing well past the 1Billion mark?

petersalkeld Although his choice to express that in MCAP terms could imply share issuance on top of any organic growth. He might have been better talking in terms of bopd.

LGO-fan Good spot, finally an answer to the question that I sent them some time ago.