Member Info for SimonT

Sneaky uncrossing trade at 54p! Just so they can open it at 50p in the morning and show an 8% drop to try and scare a few into selling!

Google finance are showing it closing at 54p.

Well what a couple of days! Thanks to everyone the board has awoken!

Sirmark your timing is impeccable!!

Onwards and most definitely upwards!

I am sure new people visiting this board are put off by this board being dead. The advent of the chat group over on Discord has been a two edged sword in my opinion. While it has enabled people to share pictures and documents etc that are not possible to share on here it has also resulted in an huge reduction in the posting here which is not good for attacting new investors. I am certain it would raise sentiment if a lot of the positivity and excitement about the progress concerning the currently underway recompletion/increased perforation of one of the producing Cas wells and the progress of the currently half drilled well at Cas 3 and it's potential were talked about more on this board. These are very exciting times for a small exploration company transforming into a self funding production company with massive development potential (drill to fill) that still has so much exploration acreage too!

I have been doing some sums! :-) I have probably made loads of errors, please point them out if i have!

We have just been told Cascadura is producing 48 MMcf a day allthough the previous production update on 18th Sept said the wells were producing 60MMcf. We have also been told the wells and the processing plant can produce 90MMcf so i have done some figures based on these 3 volumes and the associated NGL's which they quoted as 1400 barrels per day at 60MMcf gas flow which eqauals 23.33 barrels per million cubic feet.

All figures are US dollars after the 20% deduction for Heritage. Quarter = 91 days, annual 4x quarter.

Prices of $2.4Mcf and $78.12/b for the oil and NGL,s.

At 48MMcf quarterly income would be $14,756,123. Annual = $59,024,492.

At 60MMcf quarterly income would be $18,445,190. Annual = $73,780,760.

At 90MMcf quarterly income would be $27,667,785. Annual = $110,671,140.

Non of these figures count anything for Coho.

Also nothing is included for the 1000 ish barrels a day of oil from other wells. They would also add $22,750,000 per year after the Heritage 20% has been deducted. So it would be quite fair to add $24m (a bit for Coho on top of the oil) to each of the 3 Cascudura volume totals;

Oil + Coho + Casc annual after Heritage 20%

@48MMcf = $83m

@60MMcf = $97m

@90MMcf = $134m

The market cap is getting dangerously close to the possible annual production. Now imagine if we were to be bought out and the new owners negotiated a gas price of $4 which they now know is entirely plausible. That would add 66% to all the Casc figures.

At this share price we must be very attractive for a take over??!!

Yes he did say other gas price negotiations had taken place so there is hope on that front, and he is clearly holding the production expansion to 90mmcfd from the 60mmcfd he antisipates by year end back as a carrot to aid in those negotiations. If you want more gas you can have it by paying a fair price!

Todays SP is silly low considering where TXP have got too! The only way is up!

No trades hidden in black today! Have we bottomed and turned?

Sorry, i meant quarter not month!!

"This gives management the space to consider the best use of additional funds, which could include more capex, dividends, buybacks, or acquisitions."

I would like to see them use a third of the increased revenue for share buy backs! I am sure buying 5 million shares a month would soon see this rerate to where it should be? With the number of shares bought each month increasing as production/revenue increased. Or alternatively dividends, that would increase demand for shares!

Me neither! I cannot think of any rational reason why this is behaving this way?

Now if i was to put my tinfoil hat on it might cause me to think that this is being squashed to maybe set it up for a cheap take over?

just seen this, i don't know if it has been posted before?

https://www.***************************/touchstone-exploration-ceo-on-the-huge-step-change-for-the-company-lontxp/4121127800

Not exactly correct Tom111, yesterday morning there was a 50k buy that was late reported as a black trade. It was 2.5p above the selling trades at the actual trade time and almost exactly the same price as another buy 2 minutes later which was reported on time as a buy. It's almost as if they are trying to walk this down?

WooHoo!!

Can someone put some figures on that?

How many times is present production multiplied?

Estimated Daily, Monthly, Annual income?

Bring on the development wells!!

It's a bit too early for my brain!!

From the testing RNS a long time ago!

During testing, Cascadura Deep-1 yielded 59.5-degree API gravity NGLs at an average ratio of approximately 22 barrels of NGLs per MMcf of natural gas produced.

So 60mmcf of gas production will also produce in the region of 1200 barrels of liquids.

Yes it's up, they did their usual trick again at Friday close with a +2p UT. The trading range is up on where it was Friday afternoon but showing as down because the open price was dictated by the UT trade. But they don't want to show it blue, they would rather try and scare a few more into selling first.

I am of the opinion that they have been facilitating someone accumalating at 80p. There seems to be a concerted effort on the MM's behalf to keep pushing it down to that price. The trades today are more than 10:1 in favour of buying yet they consistently walk the buy price down on consecutive buys and hammer it down on tiny sells. If someone is accumalating it can only be considered a good thing.

I hope you are right Geld and we get the news we have been waiting for this week!

And don't call me Shirley!

Being dual listed in different time zones could present a problem for the release of transformational news. I can't help but think that if they have given this any thought that the news may be released while both markets are open? Otherwise one might rise significantly before the other opens resulting in an higher open price for the other market which could restrict the ability for people who only trade on that platform to get the buy in opputunity that the other market traders had?

Does anyone else have any thoughts on this?

We are not planning on going quite as far as the Jam then cream requirement because i prefer it the other way round too! :-)

Yes sorry PinWiz, your post wasn't there when i started typing! Great minds eh?

Hopefully people will be saying what a good bit of PR it was to get the not so good news out of the way once we get, Hopefully fantstic news!

Hi Photo, yes all well mate, looking forward to moving down your way when this finally rewards us! That is in the UK not SA!

I see lots of critisism about PR and the poor Q2 results this morning, with the poor figures being mainly due to falling oil barrel prices (rather than company performance) which have increased 25% in the past month so this was a momentary situation that has passed. But no one mentioning the fact that it is always better to get poor news out of the way BEFORE the release of good news rather than after it! The coast is now clear for the good news to come and the delay in releasing that good news may be partly influenced by waiting untill the Q2 results were out of the way? Next week could be what we have all been waiting a very long time for??!!