Member Info for smasher

Hmm why would a company at this present moment keep giving the market very opportunity to keep pounding them . It's within the rules to do what they are doing so to me it's a great move .
To others on here not so( I wonder who those are) .
Just think about it for a second as to why that is.
I we are in the crap and we are a very low cost producers as stated then a lot of companies will be gone .

A lot to do for Txp over the next few months and if Chinook and casc deep is as good as we think and a good deal with NGC then £2 is far to cheap. We have around 3 months to find out .
Excited you bet I am.

I still believe if they are going to sell the lot it will take around 3 plus months. Roughly 2 million every 3 weeks or there abouts.. The more good news the quicker they will be gone. Fingers crossed.
Like this at moment as it's giving many an opportunity to invest in this company at a price it really shouldn't be at. The next few months will be exciting for all concerned here especially with the facts laid before us with coho and casc which is a world class find .
If we get news Chinook has found more gas that has similar Reading's on flow as casc this will go bonkers especially if its the same size or bigger or connected( my opinion).

Bring it on Txp as many here have backed you big time.
And of course back to casc for the deep. Can't wait.

Good point when we get through this crap we should be in a good position.

Guessing on what's happening here a lot of small cap medium and large oil companies will go to the wall.

Getting slammed now.

Nearly 19% down is mad on that rns.
Interesting to see what happens to others over the next few weeks considering we are in a better position than most .

I think people need to take a good look around as we are doing a hell of a lot better than many out there.

Agree,I was expecting some here to paint a picture that suits there agendas .
Survival mode would certainly not be going ahead with drilling these wells for God sake . That's a bloody fact .

Lot to get through that rns . Have I got that correct of 5.1 million gross profit for the first time.

Just keep adding with confidence as what's been found is a world class find worth well north of this share price alone. Add the Chinook and casc deep if successful and sit and watch with a big smile . Chance of a big player coming in to snap it up increases with each find especially the next 2 drills.
Bring it on I say.

You know that is incorrect

The board has now agreed to further short term salary / fee reductions, which in aggregate reduce the monthly cash outlay to approximately 25 per cent of the pre Covid-19 contracted levels. We have also put in place lesser deferral arrangements for office based staff although we continue to pay field staff their full entitlements. In addition the Company has secured significant additional financial support from local oil traders for the pre-sale of oil..
Looks to me they are selling oil. And the price of oil has risen substantially since.

Impossible to know if connected or not till they drill and from what they have said about casc and it's just must opinion that they could be connected for reasons I have stated below .
Of course I could be totally wrong but gut felling says I'm right.
Either way if more gas or oil found I'll be jumping from the rooftops.
Not long to find out that's for sure.

Come on coffee
You know as well as I do the cost of production/ storage and transport which is around 4 dollars so at international and local prices we would be getting combined price at today's price between 14 to 16 dollars.

When oil was at $60.00 Caspian was get in around around 19 to 20 dollars.I would like to think we are getting around 12 tot 14 dollars at local prices and around 19 at international prices.We have save money on rigs as we own them outright now we have saved on wages all round apart from crew in field . We have increased production so I believe we will be making good profit on what we are selling. Just my opinion and will find out next week fingers crossed.

Individuals entering Kazakhstan from abroad will be held for two days for laboratory testing. The restrictions do not apply to freight transport, though delays are likely at checkpoints due to increased checks.
The roads are not closed but checkpoints was set up and freight was ok .
If they say acid is still not on site then that's plain wrong and another f up by the company.
A5 even with 2 weeks to move the rig and set up gives 5 weeks to remove the cracked pipe ready for testing. Have no problem them running if a month or so but no more bloody excuses from the company.
And surely if they are making a profit on the shallows then they will be making profit on the deeps.
Soon find out .

7 weeks since last update so I'm expecting A 5 to be almost done . As for the new well not to sure as Clive stated they are not sure what pace to go at.
God give me strength that A5 is done .

Couple of things that jump out is extremely good flow rates and very little drawdown and the other is no boundaries found . Chinook is around a mile from casc. Just my opinion but the wells weren't tested I believe so they could be connected .
Like I said just my opinion.

Got to be looking at around a £1 + especially if casc is a world class find and even more if Chinook connected to it.

Guess we will find out soon enough.