Member Info for TrekMadone

“Well I would have a problem choosing between my wife and TXP now”

Two amazing gas discoveries!

Trek

https://www.ii.co.uk/analysis-commentary/hurricane-energy-shares-plummet-multi-year-low-ii510457?utm_source=IBMW&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_060220%20(1)&utm_content=&spMailingID=8603579&spUserID=MTQyNzM1ODMyODU2S0&spJobID=1450875154&spReportId=MTQ1MDg3NTE1NAS2

Last bit...

“Our view remains that while there is a binary risk from the Lancaster conclusions, the upside potential due to the size of the field remains significant, all the more so at current share price levels.”
While acknowledging the risk, the team at Arden think there's potential for shares to reach 90p. They made no change to their forecasts today, adding that it would be a positive for Hurricane if got permission for Lincoln Crestal to remain suspended for use at a later date.

Analysts at Stifel have a target price of 100p, adding that additional Lancaster production drilling represented the “highest and best use of capital”.

Trek

Totally agree, there are so many different verticals, each a potential company maker. All protected with valuable global patents. Then there is a major investor, PSS with 28%, then there is Setcar driving revenues which add to the apparel income streams, then there is the successful placing at a higher sp so we don’t need cash and further R&D is financed. Then there is (unfortunately) Vrs that is now getting a kicking (China) after peaking at a ten bag and probably needs cash as well now so investors may switch to here. I mean you couldn’t make up such an amazing case for a sp and few shares in issue. It’s just a question of time, maybe the potholes like itsyou called will be the catalyst but something will give at some point. We have seen what was possible with Vrs and imo we are in a similar if not better position to them when they were sub 20p as we have revenue.

The most difficult thing here is staying patient.

Trek

Touchstone Exploration
The Cascadura well on the Ortoire block in Trinidad has been exciting the industry fora while now and today the answer is given, it is indeed a liquids rich gas discovery and a dramatic change for Touchstone. Whilst only testing the lowermost 162 feet of the 777 feet of pay in the Herrera formation they averaged 5,180 boe/d including 26.9 mmcf/d and 694 b/d of natural gas liquids.

The distribution of results on a well of this type is difficult and they have managed to successfully deliver the results well in difficult circumstances, oil or gas or something in between updates have been given as promised even when diagnosis was tricky. I spoke to Paul Baay recently and he needed to get the right testing equipment on site, difficult when you are unsure of what you are testing.

So, as they had believed, the Ortoire Block looks like being a genuine company maker for Touchstone who have so much further work to do that even with the shares at 40p, some peoples target price, I suspect that there is plenty more to aim for.

.....

I still think he could be more positive. No mention of other prospects, coho etc. He seems to play us down while pushing a hard luck story for Hur and others that he just keeps plugging.

Next time he sends out his bucket list I’m gonna short the lot of them!

Trek

....A buying opportunity!

43357 mine mine mine!

Trek

£1

I never realised we hadn’t reached TD, so drilling another well on Cascadura to reach 65000’! It really is a beast. So we get upper level tests to look forward to in approx 4 weeks and 3 more drills! And we may have had an insti selling into the rise so my 50p target is imo gonna look silly end of the year this could easily go well over £1 which is only a 161m MCAP for a fiddler that could be soon doing 100m Rev per year. Astonishing!

Trek

When he says ‘valuable gas’, what type of gas does he mean?

Valuable!

Sorry couldn’t resist, he means fiscally.

Trek

Just got 15k also at 40.8125, I don’t get why it’s so cheap. Surely the Cos for testing the other layers must be near 100%. I mean wtf is this market playing at. After 20 years in this game I have never seen such an opportunity in terms of ‘surety’. Selling elsewhere and adding here. Back the winners. GLA.

Trek

Just been out on the golf course, I saw the RNS headline at 740 but couldn’t get much of a signal on the moors then made a strange shriek to the amusement of all on return to the clubhouse! Please allow me one gloat, I called the RNS yesterday (08:24) and am absolutely delighted. It’s not often we get winners on aim anymore, just a pity my moment of ecstatic shrieking was tempered by the Hur RNS. Oh well all one can do now is sell there and buy here. Imo it’s so cheap and still unbelievably under the radar, I mean not even 100 posts today. Unbelievable.

Ps. Imo, don’t worry about North as I posted before, reading between the lines I interpret their blurb as taking money off the table in case of a capital raise. Irrespective of what PB says that is what they would risk manage in terms of having monies available should they wish to add. Anyways it helps keep the sp down for us pi’s to add in to. Oh, do we now have two simultaneous drills to look forward to?

Shriiiiiek!

Trek

Is it just me or does it feel like there are two markets for this share one for us mugs at the top of the screen and another under the counter that seems to be going on impervious to the sp.

Trek

” I so much regret now having mention TW, even in jest. Been a sound board until now.”

Nah put it up for debate that’s what the forum is for.

Logically-

placing at 2.5p when sp is higher. How Is that gonna make the bod and regulators look when the mf see their investment evaporate in a week as the sp collapses from say 3.8p

Placing at 3.5p then, how will that be received by instis that could have been tapped at 2p. Bod would look like they can’t cost a project

Ok no placing then.... exactly, not until after first drill or into the drill at least.... moving on!

Trek logic!

Credit to Mounteide on SAVP.

Euroclear's latest Stock on Loan(short) Report published yesterday together with the change in brackets from previous monthly report.

0.00% - Jadestone Energy / ( No Change)
0.00% - Petrotal / (No Change)
0.00% - Touchstone Exp / (down 0.86%)
1.46% - Shell / (up 0.43%)
2.36% - BP / (up 0.15%)
4.19% - Savannah Petroleum / (up 2.65%)
5.70% - Enquest / (up 2.50%)
6.88% - Cairn / (up 2.95%)

Trek

Bought 20934 at my highest price now ever! Why. Simples PB doing an interview in T&T and discussing “bluntly” SPT is not from a guy that is about to experience an oh sht moment. RNS tomorrow. All imo but sometimes you can have all the techy knowledge in the world and the obvious clues are in plain sight.

Trek

£798k, not an issue. It’s the 7p. Explains our buttery RNS on revenue. Happy to see ‘long term incentives aligned with shareholders ‘ but that is NOT 7p! Strike price should be near 12month highs imo. Tsk! Tsk!

Trek

£1

stt1, I know all that stuff I have done my research the only bit I don’t get is why can’t you answer a straight question.

What is your motive for posting here?

I don’t understand how someone can sound so intelligent regurgitating the past and can’t answer a simple question. If you are posting coz your short say so. Check out the Hsba board I posted my short there, made £4K, ‘easy money’, at least that’s having a shared interest rather that your apparent insidious disingenuous behaviour. Is that your real behaviour? I just don’t get it.

So what is your motive for posting?

Trek

Add to that Trump taking every opportunity to have an insidious pop at the Chinese economy, protectionism and xenophobia always makes for good electioneering the more draconian the better. Imo the stock market rally today was a dead cat. I sold heavily into it and am short again.

I mean, just imagine we built a thousand bed hospital in Hyde park and said it’s nothing to worry about, don’t go scaremongering just how would that go down!

This is going to be horrendous if the ‘double every 5 days’ is correct. Sad to say the bug is out.

Trek

Hi Bonum,

Can you add WSG to the list, I’m doing ok with TXP and DCTA so far. Westminster Group sell security services like scanners for airports, port infrared detectors, mobile phone detection etc and training. They have just added some gear to pick up fever from body temp that can indicate sars, Ebola, mers and cv of course. Anyways they have a contract from Vietnam, not rnsd, and also deals in pipeline for Saudi and other mena countries (IS threat as well) and a big deal for Ghana docks to complete in Feb ( but it is Africa!) anyways they now have a big hitter on bod (also speaks Arabic) and if I’m reading it right ebitda should be blown which would be a massive turnaround. Usual caveats apply but 12.25 to keep on a roll! Dyor

Trek

Imo the market is expecting a profit warning with divi held. I have now sold some to buy back hopefully sub £4. Will then exit majority ahead of results.

Trek

Sat on my hands atm here, this market is a dead cat. Trump is using the cv to exact insidious squeeze on Chinese economy but refusing entry to US and electioneering off the back of it oh how they love the protectionism! Peeps don’t realise how bad this is. I mean imagine building a 1000 bed hospital in the middle of Hyde park the weekend and telling everybody it’s nothing to worry about and don’t scaremonger. The bug is out. Bought WSG today and ncyt on the dip. Will go short here again and at BP soon just need these false hopes to peak, missed the long though from 551.
GLA whatever your position.
Trek

IBS so politely I ask what is your motive for posting here? stt1 doesn’t have the courtesy to explain his motives perhaps you are able to explain yours?
KR’s
Trek