Member Info for aligator

These boards are always going to be filled with people with different views. The problem is that some feel that their view is correct or the only one to have and will not countenance anything else. Some remain content to keep their opinions to themselves but others invariably becoming aggressive and insulting in their posts. Frankly, I like a bit of a written scuffle so don't filter anyone, although I will say that the lack of grammar and spelling by some leaves one with a few questions about what point(s) they are actually seeking to make...

Just to reiterate for those who seek to accuse me deramping, I am a substantial long term holder and well underwater at this price, so hoping above all hopes for us all that, absent replacing them with real o&g professionals, PB and his bunch of idiots posing as a BoD or Executive will eventually turn this around. That said, I am pessimistic that this will recover to 30p until the year end and, assuming everything continues to be sweetness and light, could possibly creep up during 2026. However, broker estimates (and Malcy's) of 150-200p now seem a very, very long way away.

Dunderhead, Don't waste your time responding to these people.

Even newer shareholders and investors in the placement (done 12%) now being shafted.

I cannot imagine the owners of the new 75m shares are too happy with the sp. At 18.2p they are staring at an 11% loss on their investment, just days after subscribing.

Johno, Get a life. Your moronic bleatings are of no interest to anyone.

Johno, You are so tiresome that I am hardly bothered to respond, except to say that all of these are yet to happen and, very clearly, the market, well aware of PB and the history of this company, is not willing to believe the stories until they are reflected in the P&L and B/S. Otherwise, the sp would be heading north, which, in case you hadn't noticed, it is not.

Stas, Re your yesterday post at 10.35am, I certainly hope you are right. However, because of the lack of trading volume, trades like SM's are contributing to the sad direction of the sp. Frankly, apart from cas4 being completed, cas5 being drilled and the CB being reflected in the P&L, it is difficult to see where any significant price rise is going to occur.

Stas, Fair comments and wholly pertinent to the current situation. The only problem is that you and I don't determine the sp, the market does and it has fairly clearly indicated that, given the recent history of the company, it is not prepared to give value to what has occurred until these are reflected in the P&L which, as many predict, will not be until year end of even pushed back into 2026. Even then, if decline rates worsen, CB figures don't impress and cas4 and cas5 aren't completed, the sp will slip considerably further.

I cannot believe in my wildest dreams that the MMs and II's pay any attention to what is written in these boards - they have professionals to analyse known data and share supply/demand curves to determine their bid/offer prices.

It is all well and good for new investors to buy at this low price and good luck to them. However, it is the loyal, long term holders, many of whom are underwater significantly, who are suffering through all this turmoil. Frankly, as I have said previously we have been royally shafted in believing the drivel that PB has spewed over the years and not appreciating his duplicity in saying one thing and doing another - the private placing, which was a considerable dilution to all shareholders, a prime example. Yes, one could say that we should have cut our losses but, in my case, I believed what the CEO of the company was saying, only to be let down time and time again.

As you say, there is a shareholder group engaged with the company but it remains to be seen what will come of that. In the meantime PB's toxicity and his failures since 2021, are clearly impacting the company's share price.

I meant to add, why no more posts from those who were talking the sp up to 30p and beyond following closure of the loan financing and CB deal? It is all well and good having rose tinted spectacles about a company's future but it is recent history, including the Trinity farce, higher reservoir depletion rates than expected, cas4 problems and the appalling private placement, which have contributed to the 19p closing price. All aided by the two faced conduct of PB which will have not gone unnoticed.

Good luck to all recent investors but long term shareholders in this company have been totally shafted by PB and his merry men. I can only hope that the AGM brings about a seismic change to the board and executive team.

Silverfoxchef, You appear to have been the author of the original "Brilliant rns" comment. Given the closing of the sp at 19p yesterday, have your thoughts and predictions changed?

Travelstocks, no doubt whatsoever. Market is wary of PB. He has frankly become toxic to TXP’s cause…

I said before and say again that the CB deal was written into the sp prior to the closing. Such is the market acidity of PB's continued misrepresentation and failure to deliver on historic promises, it is no wonder the MMs and IIs are, so far, sitting back following today's announcement. Let's be realistic, in normal circumstances, the signing of a new loan facility and the CB deal in short order should have seen the sp react quite positively. The reality is that the equity placing merely added weight to the market's perception of PB's duplicity and willingness to say one thing and do another.

I really can't see the sp doing anything remarkable for the next few months/end of year. Frankly, PB now has to deliver of go.

Pleased to see this deal over the line but had to chuckle at the opening words "...expand our portfolio of high quality assets in Trinidad". What high quality assets? Apart from historic failures in other fields, Cascadura is proving far more difficult and costly to drill and depletion rates on completed wells are higher than predicted. PB has created an art of deception that leaves Houdini floundering.

"The closing of this acquisition marks a significant milestone for Touchstone as we continue to expand our portfolio of high-quality assets in Trinidad." This transaction strengthens our production base, allows us access to the liquefied natural gas market, broadens our onshore presence, and enhances our operational capacity in a region where we see long-term strategic value. We look forward to integrating these assets and unlocking their full potential for the benefit of our shareholders and stakeholders."

Hstation, Sending love and kisses since, as you have not denied you are underwater, your manner answers many questions.

My apologies Hstation, I did not realise that you would take offence at someone making a valid observation of the situation at hand, created by the history of non-achievement, misrepresentation and seeming inability to learn from mistakes in developing the cas reserves. Most people on this board would agree that the company has failed to perform and I can only believe that, like me, you are underwater and angry about it. All that aside, try and be a little less hostile in your comments.

I think it would be very useful if PB could take the stage and educate shareholders as to what his grand plan is and when he believes TXP will come good. Because, at the moment, the situation looks simply dreadful. Is there not a thought or proposal on discourse or elsewhere to get rid of him and certain members of his executive team as this is now beyond joke?

This all stinks to high heaven. Crap production data, serious questions about cas 4 and 5 and cash raised literally weeks after the PB indicated that an equity raise was not necessary and, even then, restrict to select private investors rather than existing shareholders.

This background and the sp suggest that someone is being lined up to make a low ball bid for the company.

Ss, You've certainly changed your tune in the last few weeks/months which, not surprisingly, I support. This is fast becoming a sh*t show of epic proportions - financing signed (what a clusterf*ck that has been) and the sp goes nowhere. Probably the same for the forthcoming CB signing which one can predict is already discounted into the sp.

PB has everything to answer for yet continues to represent the company as if nothing negative has happened. Frankly, he is a lying, distrustful b*stard and I simply don't understand what he thinks he is achieving by way of shareholder value.

I am underwater here, as I suspect are many others. It has been these long term shareholders who have been totally shafted by PB and what has proven to by a completely hapless BoD who simply have failed in the fiduciary duty to shareholders.

How about this for a behind the scenes scenario over the past 6 months or so? TXP agrees deal with Shell for the CB and approaches Republic for funding of said deal. Republic drags its feet because its technical people are not sold on the value of Cascadura (and perhaps even the value of the CB) as security, finally requiring, as a condition to providing the loan, that TXP raises equity before it issues a committed term sheet (committed term sheet only announced in last RNS announcing placement). This would account for the placement being private rather than public as PB and BoD not convinced that existing shareholders would invest. Sure, the new investors could have underwritten the placement but it would have been embarrassing if existing shareholders stuck two fingers up at PB.

As I have written previously, it simply does not take an experienced bank like Republic 6 months to analyse a deal and agree a term sheet and, suggests that this accounts for the delay.

This placement may provide the company with money to drill wells but, based on the history of cascadura, it is not a given that production will provide for an early repayment of such expenditure. Further, I think this sequence of events has drained all PI (if not II) confidence in PB and BoD. Since early 2021, they have presided over a 90% loss in the marketcap of the company and promised much but delivered little.