RE:RE:RE:RE:RE:RE:Why is the head honcho only talking about 5-600 billioncf's Not sure what the fair value of this but I think pencilling in the $5 that Hydra have flagged doesn't sound unreasonable?
So with the stock at less than 50% of that Hydra $5 number talking up the prospects of Royston, Cascadura Deep or Chinook connecting is only likely to raise that $5 to say $8 or $10.
That would simply widen the discount assuming the stock went to say $3? From 50%+ discount to a 60%+ discount.
So maybe not being too aggressive with the future gas volumes is important so as to protect TXP from a cheap bid?
Now on the other hand promoting like hell and raising that current $2.20 share price to say $3.20 and cutting that discount? Well that sounds like a great idea!
Oh and as to upsides through the drill?
Royston spuds in 100 days or less.
Not long.