RE: Malcy7 Sep 2023 16:28
Indeed it is Syd197,
There is no getting away from how painful the past year has been here. I was also hoping that after all the delays PB would have hit us with full production but now we have another T&T fortnight to wait! That’s probably 3 weeks!
But hey the point here is it’s a pretty compelling investment for new money. I have been invested since 2019 and averaged up so am not even 100% up on my overall average but I do have more shares.
That’s my point, many have been locked here even at much higher levels and it’s just now that the business is about to seriously transform. 2 years later than we hoped for!
Getting these at under 80p skips years of purgatory! 35kboepd looks very likely but that really isn’t the story. The story is in another 2-3 years time when the prod wells are funding the expo on these highly prospective licenses.
They may even be able to do some earlier if they can get rigs but at least once Casca is up and Casca 2 + 2 more wells on coho this will have so much cash!
Alternatively one can go back to digging through the sector for other moonshots and hope you get lucky. TXP is going to be a slow burner from here but much more likely to get to 600p than many other potential baggers. Coz they will have cash, then the geo, then the drilling team. The capital structure is also simple no complex CLN’s or bond holders flipping stock like others. It’s pretty clean. But it’s the cash that will matter in the end.
Buy a few and switch off. Comeback in 3 years and you will highly likely be surprised, we may even get to a point of paying dividends!
Usual caveats
Trek
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