Member Info for Sturm

3 things Ross.

Care to guess?

Ross, your posts here are getting more an more pathetic.

Never mind, that would take something else :D

The volume doesn't suggest an aquisition IMO. Just retail investors getting back before news.

What SP do we need to strike for a golden cross? Not into that kind of technical trading myself, but that could also help volume. Another 5% today in Canada might trigger that?

Usually we get these FOMO days on Fridays and always in Canada.

So I'm wondering how they will trade today if AIM is up 20% when Canada opens.

Half-decent CR3 should send us back > 0.4 CAD IMO. But let's see.

Strange that bid/ask hasn't ticked up. *Shrug*

... if you insist on getting dividend instead of share buybacks, have a look at Athabasca Oil Corp.

The Company has now purchased ~$720 million in shares and has reduced its fully diluted share count by 24% since commencing the buyback program in 2023.

Jan & Feb production 909.527 vs 708.000 in budget. Gross sales: @ 75 brent: 68.214.525 vs. 42.480 (@ 60 brent).

60 % better sales vs. budget. And with the more or less fixed lifting/distribution costs, net profit is impacted much more from scaled brent price.

I hope they begin buying back shares soon. If brent stays higher just in march, they need a new forecast and budget.

I still think they should delist from AIM. No volume, it's just costs. No advantage to being listed.

Since you admitted to be here just to hate on TXP I know it's a hard dilemma. I thought you would have answered that it was a false dilemma.

Since you're now in an answering mode, what positive elements did you find in the latest RNS and latest quarterly report?

Debt isn't a concern at this brent level. They have sufficient amounts of cash from operations, small negative net result due to CAPEX and non-cash DD&A.

Debt has also been prolonged and easier to handle, and a portion of the bonds/debt has been bought back.

Aligator, when said person has admitted that he/she is here ONLY to hate on TXP, that's the person to filter. Every post is either misleading or defamatory.

A complete timesink.

Rossannan, do you loathe Paul Baay more than TXP?

You should go and counter them with a wall of 1 share 10.5p buys at the ask :D

Seriously, what MM is having a go with 1 share at a time close to the bid?

Somebody must be in panic about the rising SP and #TXP being up 30 % (or something) this year.

RossANNAn: I thought you were waiting for the ER to make any comments here or answer any of the questions you "missed"

Historically, > 3.000 BOPD has been sustained for some time. Looks like new wells could be drilled at slightly better position and maybe better techniques.

So once they're past water handling CAPEX (or if brent stays strong) they'll be able to bring it up to maybe 5.000. Not this year though.

Block 107 is stll the big, beautiful joker (has been since IPO) so I hope they'll max out 131 in 2027 and also drill 107 or at least have final plans for that.

Elitesky, 131 / Los Angeles has potential, no doubt about that. But the field is competing with Bretana for CAPEX (and also rigs, it seems). And it's just a small fish in comparison and it's much more important to get Bretana running better, just because of the scale (400 vs 14.000 BOPD).

Per well drilled I think ROI will be quite fine for 131 - they "just" need to fix Bretana and have CAPEX for it - might be this year, if brent stays strong and maybe they're lucky with a well-timed hedge?

At 14.000 BOPD vs. 12.000 BOPD and at brent = 80 vs 60 in budget.... they're right now seeing a 55% increase in gross revenue = 400.000 USD more per day vs. budget.

IMO having a board member who knows money and has his own (solid) stake on the table is worth more than having another oilman on the board.

It's a welcome change (unless you insist that things can't change).

Not sure rossANNAn is a man DBH. More likely Anna Rossen. Hell has no fury... Not that it matters.