Member Info for Sturm

Temporary solution though, and "Section I of the line between pump stations 1 and 5 remains closed due a maintenance delay from ongoing social protests in one community near pump station 1." However, there's still a lot of oil in ONP.
Great news, now I'm looking even more forward to the Q2 update mid july - numbers from 11H should also be in by then. Summertime, no matter how the weather is :)

Lets just take the first "if".
If it's 9 TCF, then what would the price be....

*the low fixed price of the gas

All trades where the share price is closer to the ask will be marked as a buy.
All trades where the share price is closer to the bid will be marked as a sell.
Only the share price matters.
Also, if the ask had been 0.5p lower, your trade would probably have been tagged with a buy.
IMHO it's not worth spending much time wondering what is a sell and what is not. I guarentee you that most of my 10+ purchases I've made in PTAL have all been marked as sell, since I always use limit order and always below last traded price. To my knowledge I haven't sold a single share yet ;)

Shell is hardly interested in paying any price any long term holder would find interesting.
They're moving from black to green. They got 0 use for the oil. The oil is overtaxed. The gas is too cheap.
If you were Shell and had all the options on planet earth, why would you bother with TXP?
Simply not worth the red tape on Trinidad, the tax, the low fixed cost and the exploration you would have to do, provided that you had to pay for the OIP.

New asset looks strong - nice with the upgrade. Hope they get production online this year - and I wonder what that will do to the SP. I'm guessing x2 or maybe x3 from here. 1.5 CAD +/-

Will they turn the spigot this week sending us back in the 1£ range...?

Putin must go. This is not the 1930s and genocide can't be excused.
I prefer Europe to be Churchill, not Chamberlain.

5£ with close to 1 billion shares fully diluted....?
Best forward P/E you will get in oil and Peru is probably around 7. So that would be around 900 mio. USD after tax. I don't see that happening anytime soon (or in a few years). That will require a miracle or several years of massive share buybacks in stead of dividends (or 45K BOPD at a higher brent price than we have now, since the carried tax deficit will be gone).

Just look at note 10 in the latest ER to see how heavy the taxation is. And >30% of oil revenue is paid as royalty. So first you hand over >30%, then from whatever profit you might have left, 55% goes to Trinidad statutory income tax rate... and then there's SPT and what not; in the end, Q1 netprofit was 627 mio pre tax. After tax and tax and tax, net profit was gone and the result was minus 236 mio.
I wonder what Q2 will look like.

Oil is just not that attractive in T&T due to the silly taxation. Far better to invest in other companies IMHO if it's the oil play you're interested in. Royston etc. will be a large number of small wells, expensive to drill and with high transportation costs and silly high taxation. Take the gas and associated liquids, if any, where that combo can be found. The rest will be small fields, intensive to operate, depend on high oil price (we might have that for 5 years) meaning most of the 100 mio. barrels will never leave the ground under the present tax regime.

1 - First gas.
For PBs sake I hope it happens before the AGM. My 1 permille is not going to change the board, but I would like some serious rework at board level. I hope people vote.

Why not 1£?
Peru is Peru. So there's always some risk. Hence many investors will simply not touch PTAL regardless of the business case. Infinity * 0 is still 0.
Meanwhile, those of us with strong stomachs will just have to enjoy the ride and the yield to come. Once we're debt free and dividende/buy backs are announced I can't imagine the SP being below 1 CAD. Below 1£? Maybe.

Yup that was painfull to watch. I understand why he threads careful and that he do not want to insut the "trinnies".
But I wonder what he thought investors might think after that interview, and not jiust what the trinnies would think.

Short term this is IMO the most important bit: Brazilian export sizes of nearly 500,000 barrels per month + Iquitos able to accept 60,000 barrels per month - equivalent of 18,000 bopd without requiring access to the ONP.
And netprofit 10 USD higher per barrel in Brazil vs ONP. That's amazing (or rather, how awfull is the ONP deal TBH?).
We're in for a fantastic Q2 - when we get the production update medio July, SP is - or will be - up another 15+% easy.

Yeah well... of course we just got a production (/fiscalization) update with fine numbers, so that might also be part of the equation :)
IMHO a takeover isn't going to happen, at least not anytime soon. PetruPeru and Chinese CNPC would likely be the only companies willing/able to take the country risk, meaning a takeover is not at all going to bring in a fair price. And if we're looking into 25%++ in yield (from present SP) then who would want to sell ;)
Anyways, I'm looking forward to the ER and the investor call. I don't think I'll be positively surprised by the revenue (given hedges etc) but who knows? I wonder what they're thinking about exploration & drilling the other options / seismic to prepare. And I hope they're stepping on the Brazilian export route - the less we depend on ONP the better.

I have no clue, but might it be related to moving shares from one listing to another to better balance trade?

I'm sure they'll reconsider the programme once Coho is on stream and a steady cashflow is secured. I never thought the reserve update would add anything to the SP, but Coho IMO will. Once it's on stream, it's a new company with new options and a new status. Untill then, it's bumpy.

@darientaylor - I know it's fiscalization and it might be stored... but I think we all prefer the steady flow and usually hickups in production and fiscalized numbers lead to uncertainty and not unusually a SP drop.

-5% today is bco. 2 days with 0 production (and a sour market) making investors with weak stomachs wonder if they're locking down again.