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Hardo, You are so tiresome. Why would I comment on this specific share if I owned none, out of the hundreds on AIM? I am not going to give you details of my personal holdings except to say that they are close to seven figures but that, should the paper loss materialise, I will not go broke.

Johno, Are you really telling me and this board that you believe market analysts have not already assessed the data set out in your post and have yet to price this into TXP's marketcap? Do you honestly believe that there is some upside from the CB that the market has yet to take into account? Why don't you comment on the 16 month time lag until the higher prices are accessed? Your post comes across as a wish list created by someone who is desperate to find something positive in what is a pretty challenging scenario.

PB's presentation was yet further hogwash. It contained nothing new from his previous Q&A except that he apologised for them not being more informative about the gas contract. At the bottom line, if their "drill to fill" programme falters or fails the market will shred the share price. I certainly hope this is not the case but, to you both, if you are going to gamble on the stock market you should at least have some semblance of knowledge about how it works and the plusses and minuses of the companies you put your money into.

Johno,

Personally, I don't fully share the optimism of others, a view borne out of historic failures, but, of course, would be delighted to be proven wrong. My view is that the inherent worth of existing production from the CB has already been analysed by the market and reflected in the sp. Thus, if this is correct, any growth of the company will have to be achieved through the drill bit and that's where my concerns lie, as the company has simply not shown in the past that it has got to grips with the challenging geology of Trinidad. PB partially acknowledged that yesterday.

Notwithstanding, let me say, again, I am a sizeable shareholder in TXP (i.e. not a dreamer) but with an average price of more than 19p. To those who have invested recently at or around 20p I say well done. However, any multiple of 20p is, in my view, at least a year away, given drilling timetables and the assumption that all wells are successfully completed and brought into production.

It would be interesting to hear from those more positive about TXP's future as to what they now see as the milestones to a significant rise in the sp. For all the posturing earlier this year, with predictions by some posters of this being a potential multi-bagger, the market has casually absorbed the new loan arrangement and the CB acquisition and decided that, collectively, they have contributed little in the context of the company's value. At 19p, the private placement shareholders are looking at a current paper loss of over 7%, never mind those of us with higher averages.

So, I throw this question out - what is going to energise the market to get this back to 30p, 40p and beyond?

Thanks gentlemen. For the record, the deadline for questions was 24 hours ago albeit the presentation was only announced by the company 24 hours ago...

Hardo, any ideas how I get my questions into today's event, apart from calling the host company?

Devilbhoy, Don't waste your time with these people. They simply refuse to consider that past mistakes could happen again in the future. Further, PB has proven to be economical with the truth, if not deceitful yet they view him as some sort of deity. I will certainly try to get my questions to him tomorrow but am not optimistic.

Is there any way that these two issues could be put to PB tomorrow?

Ayecuramba, Thanks for the heads-up. The interview is relatively lame but PB referenced two things which I think speak volumes about his duplicity.

1. He mentioned that the private placement allowed TXP to bring in "two strategic investors". Who the hell are these? There have been no Tr1s identifying 3% plus shareholders which suggests that the holders are funds, who are representing a myriad of investors. To me a strategic investor is an entity which has a sizeable (certainly in excess of 3%) holding in a company and has relative influence with the board/executive. Funds representing dozens of investors are not strategic.

2. He refers to the placing as a move to avoid over- levering (his word - it should be leveraging) the balance sheet. However, there is a rumour (not confirmed I would stress) that the placing was a condition precedent imposed by Republic Bank in order for TXP to secure the new loan (you will note that the such conditions have not, to my knowledge, been made public by TXP). That would certainly make sense, specifically since PB had said only a month or so previously that no capital raising was required. One could argue that PB was merely being economical with the facts but, if true, this underlines the steps PB is prepared to take to put a gloss on what was a clearly a tortuous negotiation with Republic Bank based on TXP existing assets in order to mislead shareholders, analysts and the market.

Good for you GGG. Sadly, as a long term shareholder, my average is higher but I live in hope. It seems that people like crl123, you and me are in the minority who have endured PB's duplicitous rhetoric for some time and believe that he and his moronic BoD should be replaced.

Now steadying myself for the usual comeback from the usual suspects.

Crl123, Don't you know that you can't mention negative things about TXP and PB on this board. It upsets all those rose tinted spectacled shareholders (Stas20 please note), who believe that what has happened in the past will not happen again in the future.

Humour aside, as a shareholder I am hoping above all hope that this will be the case but, sadly, PB is still the CEO, so who knows?

You're very kind Sturm. I was making the point that what has occurred is history and can't be changed but that the the realisation of future potential will rely on PB and his merry men performing and achieving and that failure will be penalised heavily in the market. I realise that big words may confuse you so thought a second explanation would assist.

While I was pleased to hear what PB had to say last week and trying to be optimistic that this will turn around going forward, I just cannot forget his dubious record over the years of either promising a lot and delivering little or, more recently, saying one thing and then doing another. Frankly, his duplicity has been incredible and, at times, bordering on misrepresentation or even fraud. He clearly has no respect for shareholders, specifically private, long term holders, and he and his board are guilty of failing in their primary fiduciary duty to protect our capital, TXP marketcap having fallen almost 90% since early 2021.

The reality is that sh*t has happened and the company has suffered immensely as a result. Yes, we are now presented with a future full of promise but that is yet to be proven and, because of the past, minor hiccups going forward will possibly be penalised harshly by the market. Only time will tell.

He cle

TXP has now denied that Cas4 is being abandoned. While this is positive news, it nonetheless triggers thought about how accurate and honest Discord posts are. Further, it also highlights the lame questions that were put to PB at his presentation/Q&A and the even lamer hostess who clearly knew the square root of sod all about oil and gas. PB, in his new Caribbean type shirt, was able to dodge several bullets because of this.

If this rumour is true, it would suggest that PB either knew of the decision or the significant problems with the well when he made his presentation. This is bordering on fraudulent activity - not sure of UK and Canadian stock exchange rules relating to such behaviour but, in the USA he would go to jail for such.

What this will do to the sp is anybody's guess as the market will no doubt react quite negatively.

What an absolute charlatan PB is.

On this day, TXP issued an all share offer for Trinity. The sp was ca 40p. Several painful months later this offer lapsed and the sp dropped to ca 35p. In between, the company has had problems with the drilling of cas4 and endured extended negotiations to secure an increased loan for the CB acquisition. As we now know, TXP was effectively obliged by Republic Bank to bolster its balance sheet as a condition of such loan, necessitating an equity raise which, in its wisdom, TXP undertook privately, excluding existing shareholders from the opportunity to participate - just weeks after PB had stated that additional equity was not required. As a result, despite the closing of the CB deal, the sp has continued to slide and now stands at less than 19p.

Based on this, it is easy to see why the market is simply not sold on this "progress" and why the sp is struggling. If PB cannot comprehend that this is an issue then the cosy BoD, with its fees and other incentives, needs to man up and either educate him or get rid of him. As I have said for a very long time, PB may be an intelligent man but, from a market perspective, he is toxic to TXP's sp.

Hardo, Do one what? Do you realise how pitiful and stupid your finance comments read?

Hardo, It is bad enough that you trawl these boards insulting those who don't agree with you, but to mock Supersport's bad luck is simply incredible. There are a large number of long term shareholders in TXP suffering considerable paper losses and Ss chose to cut his and move on but, like any investor, is entitled to continue to give his views on boards of this nature.

I sincerely hope you make money in your TXP investments but shame on you for your conduct.

Just watched PB in the presentation and Q&A. While he possesses a sound grasp of the company's activities and its challenges, his delivery is nonetheless bland and, to my mind, somewhat nullifies what has been achieved historically and recently. I came away from the interview unimpressed and I can only believe that this is the view of the market as well, as the sp has gone nowhere.

What rankled me however, was the Q&A which, frankly, consisted of basic level questions about drilling and production, etc but failed to challenge him on the drilling complexities of Trinidad (wherein TXP has really struggled), production decline rates and why the placing wa snot made available to all shareholders. I don't know if any participants posed such questions or if these were filtered. What PB did confirm is that the placing was done to avoid over leveraging the balance sheet, a specific assumption I made in a previous post, which suggests that Republic Bank was not comfortable signing a new loan facility just based on the company's asset base. This will also not have been lost on the market.

Anyone got a link to yesterday's Q&A? More importantly, anyone got any thoughts on the lack of TR1s? My understanding is that these need to be filed no later than two days after the investor's holding in a company reaching 3%. So where are they? Was this raised at yesterday's Q&A?

What is the link for the Q&A?