Member Info for Zebra04

@nametrade evening.

Yes the target area is much larger, hence the minimum figure.
It depends at what point paul wants to exit, can drill further wells and increase reserves or cash in after mou ne.
Imo the market will only pay for those reserves that have been proven by testing.

Another poster mentioned why keep mentioning maghreb pipeline if its not part of the cng plan.
Recent control of the pipeline has been transferred to ONHYM. Its possible they may be the final bidder on our 75% equity. Paul will have developed the plans to monetise for them and so it's straightforward.
They'll have control of the pipeline and reserves.

Bullish nod from lonny.
I also feel there's a huge disparity between the underlying value and share price which a few really appreciate.
I have no interest in 20/30p.
I expect at minimum £1/per share dividend at which point I've hit my target return.
At current float that would require a sale of guercif for £390mil when factoring in we own 75%.
Mou 4/5/NE drill will increase our sale value and so I have no concern about sp.

Finally had a read of the CPR.
All is well. Mou-1 will flow. If you follow the energy markets, you'll understand high gas prices are the norm now, not a blip. Guercif remains highly attractive to a JV partner.
Funding will come when it's time and the best deal for shareholders has been found. Don't forget the CEO is the largest shareholder.

Finally for those that haven't been here since the start, MEM changes his tone depending on his position. From overly positive (making up positive RNS timelines, despite being repeatedly wrong) to less than subtle deramping when he wants back in. You were terrible at it the last time I called you out and you still are.

Read the RNS, study the CPR then make up your own mind.

The fall is down to Mou1 testing going ahead in q1 without mou4/5 drill.

The market and shareholders expected rigless testing to go ahead alongside drilling of mou4/5.

Irrespective of the positives in the update, the key takeaway for the market is that Mou4/5 is delayed. Its how the market works.

I couldn't care less about the daily sp movement as I have conviction in my investment.

If the day ends red then there's more selling pressure than buying pressure. The reported trades are not accurate whereas the opening and closing price is.

Mm's have 3 days to report large or uncommon trades. Considering its down 17% I expect large sells from today to be reported over the next few days.

Even if you believe the market has misinterpreted the rns, it doesn't change that there was more selling pressure today.

Evening Vegas,

I agree sound needs a lot of things to fall into place for it to work, however they needed the uplift and it’s probably a better deal than they could get with a private JV partner. I’m not a sound shareholder so I don’t follow them closely. Bring on our deal.

Regards
Zebra

Great news for sound, a state owned JV partner.

A similar arrangement is a possibility for us. It did take sound a long time to reach that agreement but now we have precedent and Lonny on board to speed up negotiations. Paul himself is on good terms with ONHYM and has been considerate.

I may well be getting carried away but it makes sense why that first RNS was worded as it was. Why care about the market reaction when you’re in discussions with the state. $7mil is peanuts for the state and it ensures they get their energy security on favourable terms.

Great post GRH.

In regards to ceg, I expect bankruptcy declaration and we won't get the 500k we're owed. They owe the bahamian government millions.

Instead we'll be given control of fram by heritage for free. We have a good relationship with heritage and they want the co2 project to continue.

So in affect we get control of fram for 500k and 100% control of profits going forward. Not bad.

Exlusivity of co2 supply has been extended until 2023.

I don't see rams head getting the go ahead.
Mag mell is a far better alternative for the Irish political climate.

Few examples why I think it's better,

1. Much quicker to get up and running. The key is no new drilling.
2. It uses the world's existing supply of gas.
3. Quick and safe to decommission when alternative energy supplies take over.

And so it's a far easier sell to environmentally conscious voters because it can be promoted as a temporary and neccesary solution.

@bob
Best wishes to your grandson, I hope he makes a speedy recovery.

It's always good to clear out the weak hands.

Investors that follow tw and the other online gurus are stupid or lack confidence/education to do their own research. Fortunately for them they have the numbers to be influential on the sp in the short term. Particularly when targeting a low mcap stock with a small exchange market size.

Hard facts ultimately win.
There's plenty of ways to do your own research; rns, annual reports, prospectus, cprs, interviews with bod and many others. How some people instead give such credibility to a stranger online is beyond me.

This investment is a special dividend play, the ceo has said so himself since the ipo. The sp is just noise.

Paul extracts a minor salary from the company, his pension is probably higher. He also put up a lot of his own money at ipo. He is not just the ceo, he's the largest shareholder in the company. He will be the largest beneficiary when the special dividends are paid. I've no doubt his interests are aligned with mine.

Great find tesla.

Key is that it is a scaled down version so it won't meet Irelands demand. A second project will then be required to make up the shortfall.

Irish news may be closer than anticipated.

Adon is correct and fram is up for renewal end of this year.

Right time to be in negotiations with gas off takers to fund mou4/5.

Gas demand is only going to increase in the years ahead as more and more countries use it as a transitional fuel.

Thanks for the replies guys.

Agree with mick, less inform in our rns might have been better. I still believe it wasn't aimed at us but instead whoever may fund mou4/5.

Crazy how simple wording of similiar rns can have such contrasting market reactions.

@matt, great results for yourself and rest of txp holders.

Atb

Anyone compared their results for gas shows today with ours?

I've been banging on about gas prices for the last 18 months.

If it's bad in the UK just imagine what it's like in some other parts of the world.

Morroco and Algeria relations are tense to say the least. Morrocon industry players would jump at the chance to have their own in country supply at a fixed long term contract. This is where we come in and why Paul appears optimistic.

Algeria could bump up their prices to a level it's no longer profitable for the industrial sector. We've seen fertiliser plants shut in the UK because of gas prices, it's not unrealistic.

The 7mil downpayment to secure supply does not seem bad in comparison.

@dumbo

It's one of the market makers, they're abbreviated in 4 letters on lvl 2.

Jber being Joh. Berenberg, Gossler & Co. KG