I posted over on LSE today how times have changed. It used to be a relatively straight forward task to get previous months production levels on the CEO desk within a day or two of month end.
It obviously has got a lot more complimacated to do such things nowadays. All IMHO of course!
Level 2 anyone?
Edit Chigs I'm still awaiting your reply to my post on 38961? |
27p now being paid and level 2 has just gone from 1 v 4 to 2 v3 |
Oil rising strongly again, it's broken out of its resistance.That is raising the whole O&G sector. |
I think we will build nicely from here through 2025 with spikes and pull back on news events such as drill results..The only news I still worry about is quarterlies and poor production averages. |
Can we please breakout .... News must be literally hours away now (24/48) and sitting at basically 4 year lows.... Screaming buy for 2025 treble from here at least imo |
26.10 is a buy.. |
Wow that changed quickly from 1v3 to now 3v1 Tick up coming |
Nice 50k buy gone through... keep it coming ¬! |
You can currently sell over 300k shares...... it's not very often that you can trade in that sort of volume.
Clearly wanting some stock, could we be ready for news... .maybe tomorrow ? |
Well I don't want to speak too soon but it appears the seller is done,we ticking up slowly 👍 |
Poor comms or just drilling hasn’t started just yet and debt isn’t signed off yet? |
25k seller pushing downward pressure.
Minor retest support at 24.5p
Im guessing the market is looking for news on drilling, debt and central block.
In typical TXP fashion poor comms |
 DH I’m not stating they were wildcats, I was referring to reds comment of random poking of the ground suggests TXP had just been on a spree of wildcat exploration with nothing behind their targets.
The fact SOME are reworked historic wells proves my point even more.
I think everyone knows the issues so far, and they have been discussed on here to the death. Poor management, poor communication, faster decline than expected. All which I agree with, and things they need to improve on. If they can achieve A higher base production with known declines (which they seem to be getting to grips with now after last presentation and info shared, hopefully even on the pessimistic side, with room to outperform!!), better communication and management, some upside with LNG market on new acquisition. Maybe that will be enough to generate some more II interest, or if not then at least a significantly higher share price on the back of this!
I have no issue with people sharing the negatives of the past but there’s a fair few who mislead and exaggerate and a lot of the time are just completely wrong, for the sake of being negative. |
John, I thought these were reworked historic wells?
Which discoveries were the wild cats?
Re debt, sure get your point but what if one or both the Casca wells don't come off as "expected"?!
Have any to date?
I'm just wondering if this is such a sure fire way to print money why there aren't more II's onboard?
What's your "thoughts" on that or is that just negative clap trap or de ramping (chiggers)? |
Agree to an extent Egg.
Had a good laugh at Reds recent comment, what a load of nonsense.
“Random poking of ground might just might etc etc”
Why waste time posting ridiculous messages? For a start if you believed it was random poking / drilling based on little geological knowledge why would you still be here? Secondly if it is that then are they the luckiest company in the world to find what they have so far with random wildcat drills? If you’d bothered to watch the most recent presentation you could see the extent of the geological data they now have.
Secondly why are you suggesting there is a problem with the debt they have taken on, they are very comfortably paying that back so why suggest otherwise?
“yield a return of oil and gas the digs us out of the holes that have been dug“
you know fine well Cascadura has produced millions to date ( was it roughly 26 million after 1 year of Cas online from just 2 wells, and the capex had been a similar amount?) if it hadn’t produced that cash how would they have funded everything so far? The facility is now in place and majority of capex in place so that any future drills can be hooked up at relatively low cost. I.e the large costs are already completed/sunk. But you wouldn’t like to mention any of that as it wouldn’t match your misleading and negative narrative.
I wonder if they acquired Rio, (not because Cascadura extends into it) but just for a few random pokes… |
Egg
I believe that we are all now hoping that the random poking of the ground might. just might, by some miracle, yield a return of oil and gas the digs us out of the holes that have been dug - before the elastic snaps on the bank borrowing.
Priceless!!
red |
egg
I would be more concerned if I was in a trench with Mr Baaaaaayyyy.
Biggest worry would be the walls he built. Imminent $ or £200m 'wall of cash'.
Would it qualify as a leading contender for the most famous quote of the 21st Century - so far?
red |
Christ Red and Dudders... to think you are invested here... i shudder to think what the content of your posts would look like if you weren't... remind me never to be next to you in a trench fighting an enemy.... |
Mate I've got more as my "core" holding, lol!
But I'm a man of steel, me! |
Today's fall:
1.4m shares at -1.25p = -£17500
Oh dear.
Grey trousers with a brown lining inside.
red
For Clarification
If you bought at £1 the loss would be 1.4m @ -0 .7461p = -£1,044,540
a good lump.
red |
Red I have it on good authority we're only a smidge away!
I'm not making a habit of picking on SM (because they are a nice poster) but I cannae help meself, so last post on the subject.
Why no continual Level 2 posts today?
Ahem I'll get me coat. |
We appear to be retreating from 31p
Oh dear.
red |
That graph looks like someone just flatlined |
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