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I am dismayed to have been proven correct (I said 8p) and just wonder where this leaves PB's disciples, including sirmark, who by my reckoning must be sitting on a paper loss of ca £250k if all his trades are to be believed. He never did respond to my message asking what happened to 15-20p?

All those who have seen fit to forgive and forget the company's disasters over the past 30 months or so and tied themselves firmly to PB's mast, must now be wondering where to go next.

Goodness knows what Purebond think of this situation and it would be a fair question of PB, given previous scenarios, whether its £5.5m has been received? Purebond is already staring at a ca £1.72m loss just weeks after its commitment ro subscribe so PB needs to confirm receipt of proceeds.

The bottom line here is that this company is a whisker away from going under and anyone with any different view, needs to get to grips with their indefensible positions.

The reality is that the company is not yet out of the woods

What happened to 15-20p sirmark?

As EVP for asset development, Shipka will have been heavily involved in, if not leading, the corporate mishaps which have befallen TXP over the last few years. It is therefore appropriate that he should be a casualty of these failures. It should have happened much earlier.

The market clearly felt that his contribution was negligible as the sp was, thankfully, not impacted to any great degree.

As for Purebond, anyone hoping that this is the saviour of TXP should do some research. Purebond is a wholly owned subsidiary of Solai Holdings Limited which is an investment company with activities in Nigeria (crude storage and trading) and Botswana and Zimbabwe (gold/copper mining). It is wholly owned by the Kansagra family and Bhupendra Kansagra is the nominated non-exec on the TXP board. He will therefore not bring any real downhole o&g expertise to TXP and, as an investor, will have no hesitation in disposing of the 15.4% interest at any time, particularly if it feels that the future is as bright as PB would have us all believe.

That said, Purebond's £5.5m cash is timely and it is hoped that he will bring some real "investor" thinking to a board of directors which, to be frank, has been entirely self-serving until now. Further, I doubt the Kansagra family contacts include oil and gas company CEOs so the prospect of PB being ousted via this route is unlikely.

Wasn't Cas5 due to come on stream during the weekend or did I misconstrue previous announcements?

Sm, Fingers crossed!

Crl, From 175p to 11.25p in 4 1/2 years. It is the long term holders here who are suffering and, while I say good luck to all new investors who have come in below, say, 25p, and potentially looking at up to 100% gain if Cas5 and then Cas4 perform, It is those who averages are considerably higher who have every reason to be upset with what has happened. Perhaps those posters who ridicule the likes of GGG and myself might like to put themselves in our shoes.

Just so all shareholders (including me, or I would not be posting here) in TXP comprehend, the company has become something of a one trick pony - that is, its future as a viable, financially stable concern is very much focused on production from the Cas5 well. If it comes in at or above expectations the sp could possibly climb a penny or two, maybe even hit 15p. However, if it comes in below expectations, the market reaction could be very negative and the sp slip to single figures, irrespective of what could come from Cas4. What must be remembered is that market makers, institutional investors and funds read are as well educated on the misfortunes of TXP over he years as we long term shareholders are. Indeed, many have insiders who can give them a head start in trading ahead of formal news announcements.

At the bottom line, if Cas5 is considered a non-event and Cas4 fails t deliver, I could see TXP being bought at a rock bottom price - ca 5p - by a company looking to work the CB production until wells are exhausted. So the next 6 months or so are are more critical than any previous time period TXP has encountered. The upside, as I have said previously, is limited as the mid-30p's (as commented by brokers including Cavendish) would require a 200% jump and I just do not see that Cas5 and Cas4 will deliver that in terms of NPV.

I find it hard to believe that there are, so far today, 54 posts on this board of people arguing the toss about nothing - i.e. the company has not issued an RNS and, apart from in-house broker Cavendish spouting low 30p's as a target (for what that's worth), there is simply nothing to seek to disseminate or analyse.

I have long given up reading all the insults, threats and ideologies on this board, there is simply nothing constructive about them. Everyone is entitled to their view and investment strategy but this specific board is just juvenile.

I take the relative lack of downward movement in the sp following the two raises as positive along with the introduction of a new 15% shareholder. However, could the new shareholder be a precursor to a subsequent bid for the company? The sp will now stay where it is until Cas5 is delivered and heaven help us if it is not what it should be. Assuming Cas5 is considered a success the next milestone will be completing Cas4 but with same caution. Taking poetic licence, with the two wells completed prior to the end of the 1st quarter next year, I could see the sp creeping upwards towards a range of 15-20p.

Ss, I think even you would admit that the share price went to 178p only on the back of a pack of blatant misrepresentations by PB, and once his "wall of cash" was proved non-existent and the market began to comprehend his duplicity, the decline to the current price was inevitable.

PB has proven to be not only incompetent but economical with the facts and, over the past two years or so has presided over a clusterf*ck of corporate, financial and technical issues which have almost brought the company to his knees. The market also comprehends this and thus, the longer he stays in his role, the longer it will take the sp to recover.

GGG, I admire your willingness to respond to all comments but, frankly, I would not bother as these people simply cannot accept fact and reality and live in a fantasy world of expectation without examination. As I said in my previous post, there are none so blind as those who will not see.

Save your writing for PB.

Gentlemen, As the saying goes, "There are none so blind as those who will not see," meaning that people who choose to ignore the truth are the most difficult to convince, even when presented with evidence. It highlights the fact that wilful ignorance is a form of blindness, and that you cannot force someone to see the truth if they are determined not to.

Just look at the comments on this board over the past 18 odd months, it has been a dispute between those who recognise the clear and obvious facts that the company is responsible for the desperate decline in the sp, and those shareholders who simply cannot bring themselves to agree to such reality. It is a classic case of sticking one's head in the sand by a cluster of shareholders who, for various reasons, still hope that things will turn around in the short term.

There is no need to identify these posters, they know who they are, and all I will say to them and, indeed, to all shareholders is that I sincerely hope things can start to improve with TXP going forward.

This board is for investors to share their views. As in life, some will have one view and others will have a different view. Slagging people off for expressing their views is just ridiculous and the board now is majority insults and minority views.

I happen to be in GGG's camp in terms of my assessment, and the loss of value over the past 4 1/2 years somewhat supports this. For those who feel positive about the current situation, you are entitled to that view but I just cannot comprehend your enthusiasm. The relentless stream of bad news over the past 24 months has seen the sp drop from the mid 60's to 11p, an 83% decline. My honest question to those who feel good times are just around the corner is "what is going to revitalise the sp back to even 30p?". That would require a a near 300% recovery - based on what?

Please try and avoid the insulting rhetoric. This is a serious question put to fellow shareholders.

Johno, Fair comment but I have a bad feeling of what is to come. Previous neutral/negative RNSs have seen the sp decline before their announcement and the recent large sales and sp performance appear to confirm this prospect. Let's face it, the company's PR is not just poor, it is abysmal and, given the history of the last 18 months, one would have thought that any positive news would be released asap to shore up the sp. What this deafening silence suggests is that either, they have not yet reached target drilling depth or are having problems again in doing so, they have reached drilling depth but have not experience the sort of pressures they have predicted, or they have reached drilling depth but are encountering problems in flow rates.

Once again, I sincerely hope I am wrong but, so far, I have, very sadly, been right. If this is the case we could be looking at 8p.

ps Supersport, Don't even bother responding - we all know what you will say.

Ss

Oh dear Ss, you just don't get it do you? It's called sarcasm and, funnily enough, it was aimed straight at you. However, your inability to read between the lines simply defines you.

I think if we all received 1p every time someone wrote on this board that the sp would soon be recovering, we would all be rich men. The reality is that none of us know and that, if the market is not impressed with the last quarter's data, this sp will be in single figures.

And don't tell me Hardolestation, you're a big winner in this stock?

Sirmark, Interesting prediction of 15-20 by end of this week. I can see that price range later this year/early 2026 but, even then, this would require a minimum 20% increase from the current price. Just can't see that happening in 5 days but, of course, hope I am wrong.

Corpse, I was unaware of Exxon's interest. Can you elaborate?

2727, Thank you for your various posts, which are clearly based on "kicking tyres" knowledge. It is always helpful to be able to step back and take a broader view of a situation, particularly if you have also been able to tour the various sites, etc. I take quite a few positives from what you have written and share your view that the market has overreacted. However, it is why the market has overreacted which is the key question.

I don't think that anyone can argue with the problematic history that the company has generated over the last 4 1/2 years and, as many posters point out, it is futile raking over old coals. However, and it is a big however, the market makers, investment institutions, funds, etc never forget and their value analysis of any company such as TXP is, notwithstanding future potential, influenced heavily by recent historical performance and, indeed, by their perception of the executive and management teams' capabilities. This is where 11.50p comes from.

As I wrote previously, I have now consigned my shares to the bottom drawer in the belief (hope!) that, as you have eloquently pointed out, there is indeed jam in the long term.

As for PB, the BoD and the management team, I think PB's duplicity has been very apparent and I remain to be convinced that those responsible for the technical side of the company's operations have proven that they are on top of the technical issues of producing gas from T&T's geology. Further, there are no big institutional shareholders in TXP - institutional investors own less then 12% of the company meaning that private investors (including insiders) own 88%. This will always be an issue in trying to introduce and get approval for any motion demanding BoD/management change.

I agree that this board has become more of a name calling site but will admit that I have joined the fray but only when on the receiving end of insults from certain other posters (shareholders?).

To all those who actually own shares in TXP, I hope that the future is brighter than the present. My sp prediction, based on good news from current and future drilling operations and from the compressor introduction, is 12-15p by year-end, 15-20 1st half 2026 and 20-25p 2nd half 2026, with a two year target of ca 30p, which will require a 160% recovery from where it is today. Any bad news in the future will not just halt any sp growth but could be terminal for this company.