Member Info for aligator

Stas20, I will answer rossannan's question since you seem reluctant to to do so. Should CR-3 flow testing be less than predicted, the market will shred the share price by, possibly, a factor of 50% more. As I said previously, CR-3 has now become somewhat of a binary issue for the company - it is either a success or a failure and, given TXP's history, the analyst knives will be out to carve the sp.

Spudpeeler, Are you actually conscious of what you write? Typing nonsense such as "the rns which i knew was coming ,wasn’t the one i was expecting" does little for your perception or credibility. Unless you have a mole in TXP, you can be no better advised than the rest of us. Maybe you are happy to be perceived this way.

Absolutely right ross. Malcy is not an analyst, he is a financial reporter who merely parrots what most of his clients say - the better the entertainment heaped upon him the more positive he is about a company.

As you say, past performance is a far better indicator of a company than future predictions. This is why the market has no faith in PB or TXP. As I said before, unless the CR-3 flow tests are magnificent the company's sp will suffer.

spudpeeler, no sign of 10p and more...

Spudpeeler, My question was an honest one as I would be delighted to see this transition in the sp but am unable to configure anything in my mind which would result in a ca 17% increase in the next 48 hours.

🤣🤣🤣

Sorry to disappoint but trying to gain some info to justify 10p within a couple of days.

Spudpeeler, would appreciate your rationale for 10s by thurs/Fri. What positives do you foresee?

Sturm, Not that I think this forum is for political debate, but the last time i looked most European countries had immigration issues, not just the UK. Go walk around Italy, Spain, France, Belgium, Germany, etc etc and you will appreciate the issue.

Sturm, I assume you are the former teacher - I am not? You raise a valid point about the state of the UK today. We are bogged down by a weak PM, a hapless government and membership of the ECHR. However never ever underestimate the willingness and ability of the British people to fight back when needs be. This will be shown in the next round of council elections in May.

With regards to my my position regarding investing, my broad based approach has never changed - always identify and address the negatives and leave the positives to build value by themselves. This is why, if you read my posts carefully (not something I feel is carried out by my detractors), you will note my attempts to identify and address the negatives within TXP, which essentially are PB, the BoD and the executive team. They have simply failed on so many fronts that any positive achievements have been swallowed up and spat out by the market. That is why the sp declined from 175p to 8.75p since 2021.

In my view, any investor who seeks to ignore the negatives is almost always going to lose money.

Thanks dunderhead but I am happy to explain to dbh that I remain a significant shareholder now showing a considerable paper loss. I therefore see no reason trying to convince myself that this time round it will all be sweetness and light based on a history of failure after failure paralleled by misrepresentation after misrepresentation by PB.

Johnoxxx, Let’s hope so, albeit history has not been positive.

My take on PB is that he is not that concerned. He had taken $ millions out in salary etc and his equity stake has not been excessively costly. Frankly, I think he is totally out of his depth.

How many times since the "wall of cash" statement by PB several years ago have we found ourselves staring at a declining share price and hoping above all that, this time, the RNS will contain goods news? The sad answer is just about every time PB or the company has predicted success! We have had drilling problems, well management problems, corporate acquisition problems, capital raising problems and loan management problems. Why should this time be different?

The reality is that, in layman terms, while the CR-3 drill bit has hit gas pockets, we have no idea if these will produce consistent gas volumes at manageable pressures. So what we have here is, effectively, a potential turning point in TXP's future. Consistent gas volumes should result in the sp rising but any hint of problems with the well will see it collapse as the market gives up on PB and his hapless crew.

Thanks dunderhead. As you state, I was merely referring to CR-3 being positive or negative. Just for the record, I hope it is the former. As an ex-banker I certainly appreciate the finer points of financial analysis in terms of revenues/income versus cash flow. However, at this moment in time, irrespective of the company's financial condition, a negative CR-3 will hurt the sp considerably, hence my "coin toss" title.

The completion and flow testing of CR-3 has become a coin toss for TXP. Poor results will see the sp tank, while only far greater than predicted production will see the sp mirror the gains as a result of the last RNS on this well.

As I said before, PB and his hapless crew have effectively driven TXP to the edge of a cliff. CR-3 failure will result in the company crashing, irrespective of existing production, while CR-3 success will hopefully provide it with the wings to fly.

As someone recently posted, this is not an investment based on known information, it is an effective gamble and the history of this company does not give comfort with regards to the odds!

Well completion and flow testing are ongoing, with tie-in to the Central Block gas processing facility expected to be achieved by end March. In the O&G industry, what happens during such periods is that those physically undertaking the work/assessment become pregnant with inside knowledge and are aware that there are many outsiders willing to "obtain" such information for investment purposes, invariably for reward. It is more than possible that this little sp recovery is down to the leak of such information, which suggests that CR-3 is looking good. However, how many times over the past 2-3 years have we been in this situation, only to be told that wells have not either not met expectations or encountered problems or some other issue?

That said, I am keeping my fingers crossed on this because, as I commented previously, success with CR-3 could see the sp tick up to ca 15p (which would reflect a 50% increase) but more bad news will crater the sp, possibly to below 5p.

Supersport, "holding strong". You are such a laugh!

Posts by the rose tinted spectacle brigade. Always ignoring the facts and believing in idle promises from Baay and his colleagues. As I said previously, this sp is going nowhere in the near future, simply because the company remains weighed down by the anchors of past failed promises from Baay. Until this less than honest person is replaced by someone who knows what they are doing, TXP will merely fluctuate a few pence one way to another.

Cant't wait to read the inevitable responses from the usual candidates...

SP moves up on well news and then down on announcement of Kansagra appointment to the board. This is the market reflecting the Baay effect, i.e. it needs to be convinced that this guy will add value. The Kansagra family is one of the UK's richest, estimated to be worth £300-400m. Bhupendra Kansagra is a member. I just wonder how much "extensive experience in the resource sector and international capital markets" he has, as quoted in today's RNS. It will therefore be interesting to see what value he brings to the Board.

Of course, this appointment was agreed when Purebond served up the cash to buy 15m shares, of which it saw the value of such holding halve when the sp sunk below 6p. I

This company is going nowhere with PB at the helm. Having presided over a greater than 95% collapse in the share price steadily over 5 years, the market will remember him for a long time and will take an enormous amount of convincing that he knows what he is doing. Certainly, nothing is going to happen in the foreseeable future while he remains CEO.

Johnoxxx/Sturm, I think that if you check my posts you will note I actually predicted exactly that if there were problems with flow rates (the lack of an RNS was a giveaway) the sp would plummet in such a scenario. As a shareholder, I take no pleasure from saying this but please stop your moronic comments. TXP is probably one of the worst performing shares within the O&G sector simply because of dishonesty, incompetence and arrogance of the entire BoD and Executive team.

Reggie72, That is only half the story, the other half being dishonesty, incompetence and arrogance. Yet some serial posters on here continue to talk the stock up, including sirmark, who must be, based on all his announced purchases be hundreds of thousands in the red.

This company is years away from a recovery.