Member Info for theyknowitall

Think we will see 10/12p end of November

Now have 3 MM’s on 8p

Good time to start the share buy back programme Mark mentioned earlier in the year as one of the options to use the cash for

Certainly is not punt money

gary - if you check the month end sp close for july aug sept you will find it is increasing each month and july month and was the low point and it’s moving up from there that’s a fact and it is re rating

none of the cln holders i have met or know are sellers so yes it is legacy holders selling out which ended in july

check the volume from aug to oct when the cln were exercised it’s the lowest volume for 12 months

this is now a simple cash cow with no debt, organic assets and ttf prices at 8 month high

check out who is a director of warrego energy ltd which is now owned by han**** energy

might happen to be the owner who sold warrego energy to han**** energy

ask yourself the question as han**** is the majority holder of the operator tarba energy who is in control of this now and what does that mean for pxen moving forward

looks like a sitting duck as a takeover target

Slowly moving up under the radar

Heading for 6 month weekly high close this Friday imo

Legacy sellers have moved on

Recovery and re rate in the process

And August and September is the start of the re rate and recovery upwards and onwards

I expect October to do the same with hammers on all 3 months on the charts

Legacy holders selling / selling pressure / volume ended in July and they sold out during the low TTF prices thus at a period when buyers were not as interested in buying gas stocks hence more sellers than buyers drive the SP down

Now TTF prices are up, debt removed and legacy sellers gone all is good

Last year it went from 7p to 12p very quickly even with warrants being exercised and sold.

All looking very good now if you can take a longer time frame than daily SP movement

Check the monthly chart out and it is clear, also the weekly chart is all setup with tight BB’s to break out

Eventually the technicals are catching up with the fundamentals. TTF Gas prices look like being the catalyst to move this up pre production, revenue & permit news

Expect this to be taken over moving forward so all looks good imo

Lord - The original commercial profit model was €19 so you are correct

TTF closed over €55

TTF at €30 equates to €360k revenue per month from Italy alone so do the maths. It’s about €670k per month

Plenty to self fund the other 4 look a like wells and then there is Spain

No debt and cash rich.

Filling up the bank account each month is a great place to be.

Fundamentals are so strong -

No debt

Cash rich

Revenue’s

Infrastructure in place

Gas producer

Multi targets on organic assets

Self funding

European Gas will remain volatile with security concerns at the forefront of people’s minds. This is set to remain unchanged for the rest of this decade

Future drill targets are shallow drills, cheap and only take about 6 weeks and can be done by self funding

Core multi £M infrastructure in place at both Italy and Spain

MCap £19m with no hidden dilution through warrants a real snip imo with the forward valuation of the drill targets on the organic owned assets

Cheap overheads as an investment company not an operator makes this a great T/A target

Broker note of unrisked 41p & risked 21p gives a great view of the investment mid term play and long term rewards

Not sure we will see the long game here as you would think people will be keen to snap this up

As for the value it’s very clear and obvious

When a SP is trading in a range for a period building a big base it tends to move quickly once it starts to move

The traded volume the past 3 months is the lowest for over 12 months suggesting the share register has been corrected and the legacy holders / traders have moved on unlike the the TR1 holders who are still sat invested. I wonder why ??

You really are such a fool

35m new shares added in the last few weeks

The lowest volume traded in the last 9 weeks for over 6 months

SP dropped 16% in 2 days on 500k volume lol

MM'S happy picking off cheap sellers and keeping it at these levels

Premium price over 7p to buy any volume

Easy share to hold with the fundamentals are set up

My money is still for a take over

Position by adding 6m agree to take him over 20m shares / 6% and becomes the largest shareholder

That explains where a load of the CLN shares have gone

Tells me all I need to know

GLA

Gurk - All about entry & exit

Ufo echo zphr we’re all big winners for me but Palm was disappointing I agree

I don’t see any requirement of further dilution or funding in here and Mark also said this

Good luck if your invested in here.

To consider the organic assets, the infrastructure already in place and the ability to self fund the development of these assets

P/E ratio of 1

Its cheap, say no more

Ray - you have posted twice in here

I can’t think for one reason why you have

No surprise as the deadline date of 30th Sept has been in the public domain since they were issued in 2022 and Mark stated watch this space with regard conversions at the proactive presentation

Fact is there is no debt, cash reserves and revenues

MCap will be multiples from here but I suspect it will be taken over before that happens

Nothing stopping them apart from they could of been converted at anytime in the past 15 months with the SP north of 15p and they weren’t

Deadline to convert is this Friday and it was always clear they would be converted as the 31 holders are known to Mark

Also the 4.25p were subject to 12% interest and the 5.5p to 15% interest

£1.4m debt has been removed in the past 4 weeks and I don’t see any selling pressure

No debt, £2m cash inc production since July and circa £500k income per month

They are converting as a they anticipate this being taken over at many multiples from here

Remember broker note is 21p

Simple hold and let it play out

Clear the traders, legacy holders and distressed sellers have gone

No lifestyle debt ridden AIM share here

£16m MCap companies with no debt, cash reserves, circa £5m PA income with purpose built infrastructure, 2 national grid gas connections and multiple wells to drill post permits on existing organic assets do not hang around for long and WILL get bought out

Company has done an amazing job the past 2 years to get it to this point and now is the time for the company to grow through self funding expansion or get taken over

Very exciting and rewarding times ahead for shareholders imo

Lord

The economics of the wells were commercial at €19 TTF so the higher the price the longer the well becomes commercial

The numbers below definitely indicate that current cash off sets the tiny debt . Expect more CLN’s to be converted before next weeks deadline imo

Company is now set up in a very strong position to move forward or be a takeover target

Current cash generation make this an undervalued company

Updated broker note was issued yesterday basically saying the company is now significantly de risked with debt down and Italian production

Dugwalker - PXEN is an investment company and will not update markets on flow rates until the operator has

No news is good news imo

Remember since end of half year the €290k snam refund has landed, selva cash being generated for nearly 3 months now

Not many CLN’s left to convert and the deadline is next Friday

Great base to move from now with cash in the bank, strong revenues & no need for future funding

Looks a very attractive take over proposition with a clean balance sheet and national grid networks in Spain and Italy with infrastructure already in place

New contract increases current revenues by about 4% based on previous update

This is from an existing customer adding to its current service levels

Fully expect to see lots of similar size new contracts and larger ones over the next 12/24 months

MCap £7m makes this a bargain at this level

Direction of travel looks clear to me