Member Info for Sturm

Looks like the rainy season is beginning. Lots to come the rest of October:

yr.no/en/forecast/daily-table/2-3696183/Peru/Loreto/Maynas%20Province/Iquitos

Even more @ Pucallpa.

Brent does keep a lid on the SP though.

Never thought you left since there was no mention. Anyways, since the volume has been f all the last 2 weeks I guess "back in" = 1K shares. GGG: It's October, not 18.11 (but I'm sure that was a typo). Isn't it the same interview where he states that it's important and they're looking forward to updating the market? Seems like throwing dates around is a bad idea if you're not able to follow through. That, I guess, has always been PBs problem (and ofc. not focusing on getting Cascadura @ 200 mmcf ). I'm a bit surprised SP hasn't dropped more the last days, since FOMO can't survive past a broken deadline (or whatever you want to call it). Even posting on SoMe (pic = it did happen) just confirming what's happening if it's not RNS'able would be a step up in the communication (match the soft PR dates with soft SoMe confirmations).

Honestly, I'll forgive them this (and only this) delay:

"Although the oil test at Cascadura has delayed the final tie-in of the wells on pad C, the insights gathered will be invaluable for our future drilling efforts in the area." IMHO, ofc. they had to test the oil flow. Shame with the o/w contact, but it's another confirmation of a hydrocarbon supercharged zone. Based on the latest update I think we're in for a nice confirmation - and 2 - 3 quarters from now the management discount will be mostly gone and only OG holders will look at their battle scars and remember how much pain and suffering we had to endure.

We'll have some tales to tell in Amsterdam at the 5 CAD party (eventually, I hope)!

G_G_G looks like half my post was eaten by the BB. Anyways, 50 million in 2025 and with great results being able to net profit 100 million 2026++ makes me quite certain that P/E 10 YE 2025 isn't undershooting, especially with gasprice on a fixed price; essentially making us a utility company (and why I'm a big fan of the gas prospects and really CBA with all the oil Trin promised).

But getting past 60p in Q4 with fine results from the hookup really wouldn't surprise me. Quite the opposite.

We had a spike to 60p last December with no news. Could be the new low after we get nice hook-up numbers and the rig begins drill to fill. This can go very fast. If the results are ok (not great), netting 50 million USD in 2025 isn't unrealistic at all, meaning (with growth to come) people might think a P/E of 10 is fair and the market cap should be 500 million USD. With

Like DH says, raising the offer was not an option. That requires shareholder accept, so...

Now I just wonder when "soon" is. Next week? Before October 1st?

"We will soon provide an updated presentation and host an investor forum to share our developments."

I wonder how much the non-informative and useless 8.5 RNS's cost the company.

Why do they even bother.... What a waste of time, effort and attention.

Well it closed at 0.62 CAD Friday = 34.6p so it's just UK playing catch-up (again). Fridays high was 0.63 = 35.2p

It's a problem with many banks. I'll encourage people to move their shares to banks who "minds" the hassle so private investors don't have to spend a lot of time filing for tax returns. That's what I've done. And some countries are just no-no because of high tax withholding.

20 mmcf/day + NGL is around (probably above) 10 million USD in net profit annually. So what's your discount ratio?

15% = a P/E of 5 = 50 million USD more in market cap per well (assuming in produces for a much longer time and impairment is also paid for) = 0.21 USD C per share. 2 wells = 0.42 USD cents per share.

At the present SP I guess less than half is already baked in? On the other hand we don't know how fast the curve flattens - I guess they might produce at 40 mmcf / day / well to begin with, but drop to 10-15 in a year.

0.42 USD = 32p = 0.57 CAD so pretty much doubling SP.

But with Trinity, management discount (we got trust issues!) then perhaps we can add a third (10p?) with 2 wells as expected. That's the initial effect.

Anyways, I'm (im)patiently waiting for them to drill Kraken before I'll even consider selling. Eventually, SP will catch up to the cash flow. If by no other means, at least buy backs can make it happen.

It should be end of September I think? Anyways, they just need to update the market with no-news, i.e. everything is going as planned. Work on pipeline is ok, Rig is ok, everything is as expected. Maybe add: We're obsessed with getting Cascadura to 200 mmcf... that's where the lazer f..king focus should be. When the road to 200 mmcf is set in stone and signed of, I'll be more inclined to suffer the random progress on other targets. Though I really, really, really would also like to see a target date for a Kraken spud. Guess I'm not the only one...

I always find it amusing when people explain that once the share has gone up 25%, then xx% of shareholders will sell, Even more will sell when the share is up 33%, and 50% - just because? It can easily be cheaper from a risk perspective at 1£ than it is now.

The way I look at TXP... once they achieve 200 mmcf (in the horizon for mid/end 2025?) and net +150 million USD annually, what should the market cap be? Divide by number of shares and you get the SP. And I'm telling you, that's not 50p. Personally, I'm not selling before Kraken has been drilled - and even maybe not then.

So there's + 750K shares that are dead to the market for a while.

Oilbarges have priority at Iquitos so that helps a bit (they don't want the refinery and the city to run out of fuel). River level has been rising 0.5 m at Pucallpa so we should get a small increase @ Bretana & Iquitos soon. It's still dry season though :D

... but a hard dry season it's also part of #PTALs guidance.

It's not a surprise to me, but probably to the board clown.

I do prefer when you're not sitting on any #PTAL shares though.

The endless and aggressive pumping is much worse than your daft trashtalk.

If you wonder why people don't respond to your posts, you just got the answer.

They often pause BBs around dividend to avoid issues with own shares. Might give an opportunity for cheaper shares the next 2 - 3 weeks since water levels are still very (very!) low, and marginal investors with low knowledge might just panic and sell.

G_G_G:

· Record date: August 30, 2024

· Payment date: September 13, 2024

Well, I picked up another 50K in Canada yesterday; I also had to move the needle to fill the last bit.

Maybe I should have been more patient. But I'm quite certain I'll be very happy 5 weeks from now.

G_G_G the volume is very, very, very low. So any news could easily burst us to 60p, like the December jump, or 54p, as in February. Volume simply isn't high enough to "support" all of those people who wants to jump in post hook up or even worse, when the initial flow rates are known. Might be only a short time between those 2 events. And if you calculate the market cap and the BOEPD once the 2 wells are online, it will likely be silly, silly cheap at 60p. And still with more to come.

I just hope they skip the Trin offer and focus on getting Cascadura maxed out - right now they're giving the Trin shareholders a free lunch; they're probably just delaying in any way possible while waiting for TXP well results.

Aligator, why should it recover back towards the pre-bid price? The offer is still on the table. So... maybe towards the level following the bid.

... closed @0.58 CAD in Canada = 32.75p

Traded at 0.6 at some point. I wonder if UK wakes up - maybe we're in one of the periods where Canada pulls ahead and UK is dragging and silent. When UK is leading, it's certainly not silent ;)