Hostile bid in Q1 2022 ?
WTI now at 80$ a barrel. Wonder what the netback is for TXP now on their oil production ?
Absolutely perfect time to be drilling 4 additional producers in the South West, make the most.
If those 4 producers come out good, could be adding half a million dollars in netbacks per month from January. Coho being on line year end, could mean a million dollars a month extra coming in in total - additional oil plus gas.
The world has an LNG shortage, Trinidad has a gas shortage also cutting down LNG produced.......and TXP has loads of gas.
If that circa 9 million share short is still present on the next update early November - then I am getting more than suspicious that a hostile bid will be coming in in Q1 2022 once Royston testing is complete and figures known.