Member Info for tidd83

Brent about to test $80

Thanks goodbody. Another delayed sell to end the day, good to see such size clearing!

Yep about 16.7p to my reckoning.

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Late reported sell yesterday should hopefully clear the overhang and begin the leg up now. Rerate?

Excellent set of figures, that was prior to strong rally in Brent and additional production as well. Q2 and onwards will be even better, solid little earner!

Nearer 1800bopd for TXP currently and 8 wells still to come online of initial campaign.

Nice report and some solid drill results to come it appears. With existing wells and TXP already producing around 1800bopd I can see 2000 being surpassed prior to the final five wells coming online. With Brent now at $77 the company should be well profitable, I can see them kick starting another campaign when this completes in q3. With two rigs we may see a total of 15-20 new wells for 2018. At current MCAP and oil price this should trade much much higher before year end if Baay continues to deliver as he has been doing.

10% share holder, I wonder if they are increasing on market again?

Now testing $78

FOMO and momentum traders. Either way this has a long way to go so nobody is paying OTT just yet.

Are enormous here and have been booked only on a small portion of two of ten claims all 100% owned. 40.8bcf 2P / 426bcf 3P and 3.3TCF 3C. Looking at any other O&G explorer the reserves would be valued at a significant premium to what TLOU are, most aren’t even close to production or even have any infrastructure in place to extract. Tlou are currently at development stage with production license in place and an infrastructure close to the resource to ease commercialisation via a gas to power solution. The current MCAP is not even close to the value of the gas reserves in the ground which also have a premium valuation to be applied being that they are the only CBM gas reserves in an entire region let alone country. Valuation on existing gas reserves is nothing, some O&G ventures across aim don’t even have reserves in place yet are valued at multiples, SOU being one.

JTD the government change has been in place around 5 weeks so you need to focus your timeline correctly. You are focussing on one thing for offtake of which there are many and negating all other scenarios and achievements. Ken posts BS but in the same breath so have you, to state investors are f**cked it ridiculous and it that’s genuinely what you believe why are you sticking around? Still none the wiser on how you tallied your investment?

You never did tell us how your holdings tallied up after someone asked you to explain? Didn’t stack up for me either. Again, all of what you indicated below is actually wrong. If you have an issue then discuss with the company instead of asking others to do so, they are more than engaging. The BPC PPA can be granted without any tender process as can a PPA from any other offtake both from within Botswana or external to it. I think it’s getting rather apparent the angle your trying to flog although I don’t think anybody is buying it since most are researched enough to know what you are implying is wrong. If you aren’t happy, nobody is keeping you here. Either be patient or move on would be my suggestion.

At such an early stage are already 40bcf 2P 426bcf 3P and they have only scratched the surface here. Bodes very well for the future. Lack of patience will cost people money here, broker targets around 30p on gas alone. Botswana Officers Pension Fund own around 6% of the company at 11p. One whiff of news from any of the many channels and this will rerate.

Speak for yourself, nervous I am not. Patience is required, they don’t need to go through a tender process - it was made clear on the last interview that BPC are keen and willing to engage with a PPA directly post ministerial agreement. As and when focus is aligned then either of these situations can occur. Thirdly, other offtake opportunities exist. This PPA secures the ability to allow of cheap debt based funding from within the internal Botswanan development funds however there is still a market to sell electricity in via spot price as and when connected to the grid. However as you say, news can come at any point. It changes nothing of the fundamentals that remain in place and all the existing approvals they have been given especially the production license to commercialise the gas field.

Pipe don’t look a gift horse in the mouth, advantages to it being quiet.

Now testing $78 TXP are going to be making a nice return here.

It’s a totally different country - good to see a CBM industry taking off however in a country with similar geology for CBM. Looks like some majors are taking interest in Zimbabwe however Tlou are in Botswana with first mover advantage. If anything this should highlight the positives.

Also think this should be an easy leg back up to 11p with volume where pension funds have entered. Nice discount available at present, price shouldn’t have pulled back so far.