Member Info for SimonT

Please Copy & Paste your entries...
£1.15 Tobin..
£1.18 spawny100
£1.24 Urzz
£1.28 Trek
£1.30 Photo
£1.33 Mrs spawny100
£1.42 Bluebottle1
£1.46 Mrs Photo
£1.48 David Black
£1.50 Proselenes
£1.50 Brighty1
£1.55 Finnjavel
£1.61 Lexion
£1.64 SimonT
£1.67 Leapinglemming
£1.77 tidd83
£ 1.79 shellguy
£2.00 Climbingwosster
£2.20 Corpse (Ihope So)

TXP own 80% of each well, 3x 80 is 2.4 net of the 3 wells discovered to date in the Ortoire block.

Last time i saw a book build placing done like this it was closed within a couple of hours of being announced so i am expecting another RNS in the morning telling us that it is closed and the price etc. Nothing we can do about it except look forward to the end of year news flow and prices well beyond where we are now! I wasn't planning on selling any until well into next year anyway so what ever happens with the price tomorrow is irrelevant!

Just read the RNS again and picked this out;
With success at Coho, Cascadura, and now Chinook, we have identified an inventory of up to ten development wells offsetting our discoveries. At the same time, the team has identified a further 21 exploration prospects on the block which will represent our second phase of exploration at Ortoire."

Ten development wells which i presume are needed to exploit Cascadura and Chinook. If each produces 25mmcfd we will be looking at US$750,000 a day from these 2 discoveries alone at a $3 per 1mcf.
2021 is going to be an awesome year!

Proselenes, the planned target depth for Royston is 12,000 feet. 27:30 in this video of the latest interview

https://www.youtube.com/watch?v=7bDmIA1vS10

I took that as what he expects from the current program which ends with Royston. At this time there is no firm exploration plan after that. And we know how he usually plays it down and lets the test results do the talking! 1tcf = $3B.
If they hit 5/5 i am sure that will be exceeded!

New investors joining now have will still have huge gains to look forward to as do those that are already sitting on nice gains! Yep it is going to keep on giving!
The nights are drawing in with the clocks changing in the UK tonight. I always look forward to when we emerge out of the gloom and the clocks change back to British summer time, hopefully we will have a much better position financially to look forward to by that time too!

Any placing at this price or higher would have little impact. £10m raised by new share issue would only be about 5% dilution at the current market cap. So no i don't think selling and waiting would be a viable option, infact it would be a foolish one with the potential upside that could be missed. Like Paul said it will depend on several factors, if Cascadura and Chinook get online to provide cash before they run out then it wont be needed. It will depend on timing of the Government and NGC.

That was a good question Lex, and the answer is also (IMO) the biggest take away from this presentation, a resounding Yes, definitely another World class find!!

I think the need to move the rig immediately to Casc deep and start drilling is because they have a minimum number of drills to achieve before the year end to comply with licence conditions. If this delayed the testing then that can wait but the spudding of the last drill for this year couldn't wait. And using the test equipment they used previously that was maxed out is not ideal so getting something with more capacity for Chinook and Casc deep would be desirable!

They used to have a Cad$20m finance facility, they have recently replaced that with a US$20m facility of which there was still a fair chunk left to draw down after they have used the money from the last raise so another raise is not too likely. Especially when the NGC contract which Paul stated this week is likely to be signed off before Christmas includes the NGC funding all of the connection costs of all the gas wells including a refund of the Coho connection costs which TXP are currently funding.

10,039 feet! That's one hell of a depth, 1.9 miles!!

Today's news of a gas find at Chinook means so much more than just another successful drill for TXP, it will substantially de-risk the other targets in the block now that they have a 3 from 3 record. The next drill Cascadura deep will explore the original target there that the first drill didn't reach, with the now strengthened rig they are hoping to get to the bottom of the high pressure gas zone to measure its full thickness and beyond to see what is below, that well will be both an exploration and a development well to help drain the massive find there! Moving on to Royston Q1 2021 the drill there is targeting a known 700 feet of gas making 5 from 5 an almost nailed on certainty. Today's result is a massive step towards this company really advancing into the big time!! Yet we are still valued relatively cheaply. I wouldn't be surprised to see the SP being double what it is now by Christmas. Which is about when we can expect the news of what they find below the existing massive Cascadura find.
Not selling a single share for a while yet with so much potential still to come!

We could have a convoy Dana, i have made enough this morning to buy one of those as i am sure a few others have too!

My thoughts exactly! If Chinook comes in then achieving 5 out of 5 is highly likely! And where that will take us is very exciting. If Chinook doesn,t come in then we may see a short term dip which will soon be viewed as a buying opportunity when Cas Deep is drilled and the 2 of them connected to generate lots of cash. Cas deep can be considered a development well to further exploit the discovery at Cascadura and also an exploration well as it will be drilled deeper to discover the extent of Cas1 and the original target below it. So other than a short term dip/delay there is no down side financially from this point!

An holding reduced by 0.54% , maybe feeling a bit twitchy about a dip in the markets if we go into lockdown so banking some profit! There is no other obvious reason to sell at the moment that i can see. It must be a bit scary to have huge holdings that cant be disposed of quickly when dips like happened in March occur.

Dana, batteries with a 10c charge rate have been around for a very long time, even 60c batteries have been readily available for several years. Fast charging has not been limited by the C rate for quite some time but by the available infrastructure that can supply sufficient current to charge large packs at that rate. It is the global infrastructure that is required before these things can be convenient enough for mainstream adoption and that is some way off yet!
Battery manufactures will produce more batteries for grid support and regional storage than for use in vehicles to enable vehicles to be fast charged.

Sorry for the off topic folks!

https://twitter.com/MoonXav/status/1306600066900140034
If that is not a postive hint i dont know what is?!

We dont have any neighbors now Photo, well 1 about a 1/4 of a mile away but likewise, a house move to an even more remote location!

Got a link Dan?

Corpse, yesterdays action in Canada made me suspect a gas kick might have occurred during drilling which was reported back to base?! If the action on the Canadian exchange continues today that scenario will be looking quite feasible.