RE:Touchstone Notes Trinity 68pps from Lease Operators LtdLurk & Learns + Domus:
RE:"Somehow we are still not getting any (market) indication of where things will eventuate; vis a vis the 2024 Q4 exit 14000 boe guidance."
Welcome to Domus (especially wrt his positive(?) expectations for the Cascadura complex come Q3/Q4) and Tad others making their points on this forum.
Point to ponder is Trinity (as per Discord discussion) appears to have overleveraged their cash flow vis a vis an underwhelming exploration "bet".
Thus making the TXP (say 60p?) offer for Trinity opportune possible based on potential financial (pool of deductions) leverage, HR & legacy wells management c\w secondary recovery (especially stimulation expertise).
After a "slam dunk" expectation, Trinity gets a confirmatory third party ("white knight"(?) (value?) opportunistic(?) consideration from LOL, which may or may not legitimize (aka justify) TXP approach to/for Trinity's assets in the first place/instance.
Is TXP in a win-win situation? i.e. did TXP manage to augment (or deplete) the treasury while apparantly/also buying time (gallay in Trini speak) for Domus's expressed positive outcome for Cascadura's next "wall of" gas. Hopefully not "chatigne"(pronounced shat-ine) based.
Answers to these two(2) burning questions (obviated by a stand still scheme?) will be expected in less than a month's time.
Some on Discord questions LOL's ability/agility "access to funding" for their 68p offer in a timely matter; instead choosing to speculate that there could have been some proxy discussion(s) with other(s) looking to block TXP's progress.
In conclusion, is TXP in a win-win position? i.e. if they get Trinity or not. Or is/was it a "strategic" distraction/misdirection while waiting for the Cascadura "twin pipes" to connect the next two wells to the gas plant?
BWDIK? Does it mean that Trinity got a Trini style "macotious" second check (aka pseudo/pre due diligence) from both TXP & LOL to warrant the "bidding" interest?
GLTAL GLAP Caveat Emptor?
Cheers
Stanley