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No idea who the NS oil outfit could be. However given the TR1 this has definitely been arranged broker to broker off book. Perhaps the increase in our JHI stake by the board has been flipped to a Canadian outfit. As highlighted by DonMac a few times on a commercial oil discovery I expect cataleya, JHI or even Ratio to all be candidates for RTO and speedy transition into London markets.

Lexion. There is zero chance of 0.5 TCF being attributable to the delineated Cascadura structure from one well. I appreciate the bullishness and agree that TXP has plenty of room to run but manage your expectations. Lol

Half a TCF independently verified from 1 well. No chance of that haha. 150 to 200 bcf would be a cracking result with plenty of upside if casca deep hits. For context If we reference PBs stated price of circa $3 per MCF that then its $3m per BCF. 120BCF x 3 = $360m. With chinook and casca deep all to play for ! Can’t wait for the results to put a backstop on SP. 40p is going to look very cheap.

Predictive text! From their the only way is up especially once we have a production profile for 6 months or IF casca deep comes in! I will be surprised if the report is anywhere above this guidance. Look at GLJ numbers for the prospective resources at Coho and Cascadura and this gives you an indication of their conservative stance.

I think your in the right ballpark Dana. However given the first reserves report will be based on minimum size I’d be happy with 150-200 BCF. From their the only way if you especially once we have a production profile for 6 months or IF casca deep comes in!

I reckon 150-200BCF range.

Any conservative estimates on resources assigned to Cascadura gents?

I wonder if anyone had any expectations here on likely reserves attributed to the Cascadura structure. Given how conservative most independent firms Will be and as stated by PB that guidance will be on minimum size I would be very happy with 150-200BCF and an inferred 50% recovery factor. I am certain we will need long term production for a few months before and revisions upwards can be made and if casca deep is drilled as is now planned this can also have a material impact. With chinook up next that would make it a hell of a ride into well results ! What are others expectations

What’s currently on offer is a drug candidate which has been through phase 3 trials in Russia and is now at Advanced marketing application phase PLUS €16.5m in cash and liquid assets. ALL FOR UNDER £10M. You are looking at the investment and adding additional funding requirements which don’t exist.

Older and wiser. All good questions but the fact still remains cash and liquid assets above market cap with no value whatsoever ascribed to the HSDD drug that they have paid $10m for? You can look for catches and relative costs for Trials and approval In the EU but facts are facts. Good effort though ;)

Thing is that despite the rise we are 20% below the placing price of 40p around 2 months ago. This is a screaming buy with chinook thrown in for free

Agreed DonMac. RTO Into WTE listing of cataleya energy on any commercial strike could be on the cards. Although JHI given increased holding is also a good possibility. Then the multi bagger potential will look obvious to all. The team and opportunity here is totally under the radar. Exxon have given the tanager well a 73% of stroke. I wouldn’t be arguing with their geo team given the strike rate of 13 out of 15 of drills On the starbroek block have proved very large discoveries.

When you include the free carry of up to 3 wells ($185m) on canje the multibagger potential is huge. Can’t wait for drilling time.

Zero bad news here. We have already established recorders we’re not lifted due to lockdown and chinook is only delayed until lifting of gov lockdown. North clearly are in need of the funds for a number of reasons unrelated to TXP prospects. Opportunity knocks

Also 27.35

He will. Just purchased 5k at 28.5

I think TXP have struck big with Cascadura and that a Material find at Chinook (0.3-0.4 TCF range) would make this a takeover target. Hopefully cannacord are on board to raise institutional awareness as we hopefully cross the £100m mcap threshold near term. However often a bookbuild and placing comes prior to a compelling event and the anticipation of The chinook drill and similar results may be the perfect window. A raise is no bad thing If it signals a major development which would take treble the time to commercialise from FCF. PB has always stated he has no issues with debt for pipelines, infrastructure Etc but not for exploration drilling. Let’s see if he is true to his word.

I hope there not getting ahead of themselves and lining up another placing to accelerate development Of the Cascadura discovery. We know they are fully permitted already for 2 more wells off the same pad but really hope this is not the case. We haven’t even finished the exploration programme yet.

Matter of time here DonMac. Despite the macro environment I believe the upside here is compelling. I’ll hold these long term now through the tanager and canje drills.

I’ve taken 100k share at a 10.3p average. Limited stock here and all to play for. Will buy more on further weakness.