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A somewhat momentous occasion as the share price has now recovered to the Rockrose offer price 2 years ago......

42p to 50p.

I think the reality here is that most posters on this board, be they industry professionals, experienced investors or otherwise, have once again been left a little shell shocked by the fact that manipulation of most share prices on most exchanges by a very small minority of institutions can and does override fact, logic and reality.
As a result of announcing less than expected results on Chinook and Cascadura - albeit the company continues to carry out further testing on both - the company's market cap was immediately dropped by almost 40%. Why? What catastrophic incident caused this panic? Well, the answer is nothing caused it - it is all about the MM's and II's creating an opportunity to make some good money at the expense of Mr average investor.
Shameful as it is, this behaviour continues unchecked on both AIM and TSX, with little or no hands-on regulation from the authorities.
What would bother me even more is if the kick start to this shameful episode was caused by short selling just before the Chinook/Cascadura announcement, suggesting that confidential data was somehow leaked.
Yet another lesson for private investors to realise that their hard earned investments are treated with contempt by the big boys.

So the IG situation officially cleared as of last evening, only for the share price to sink even lower to ca 133p. Just to remind ourselves that the sp has declined by 25% in less than 2 months without any negative news. So when the company starts to announce positive drilling results the sp has to regain ca 48p just to get back to the levels seen in early February. Just goes to show how much control the MM's and II's have on stocks like this.

As has been posted before, stock exchanges are a medium for transferring wealth from the impatient to the patient. Based on what we have been told to date, all to be confirmed by drilling, development and production of course, this share will either provide considerable short term (within next 12 months) capital gains to those who wait or a considerable dividend flow over the long term (12 months and beyond).
I did not think I would get another opportunity to add at the 130's but am happy that some feel they have to cash in at this point.

???

I am always impressed by the level of knowledge shown by many posters on these boards and read most posts intently for some angle on what is current in terms of the company's progress. However, it seems to me that, despite such progress and positive news about possible new formations and finds, the share price has struggled to reflect this. Notwithstanding the IG situation, this suggests to me that the share price continues to be "controlled" by the MM's and, to a degree, by the II's (not quite sure what large investors have stakes in the company).
My background is financial and risk analysis and I continue to view this company as de-risking on a daily basis, based on what I read and hear (via the webinars). Accordingly, I have continued to add to my existing holding at what I see a temporary glitch in the share price progression. When you have one field which, alone, is possibly worth as much as, if not more than, the current market cap of the company, it is not difficult to conclude that this is a unique opportunity.
Keep the views coming!

Can't help but think what would have happened to the SP had PB stated anything negative last evening! We would probably be looking at close to £1......

Again, a polished performance by PB with more data in relation to existing and planned wells. Very positive undertone and difficult to find any real negatives.
Royston alone is, as PB commented, a 20 year company in its own right. And that's before data from future wells is fed into the system.
My decision to top up over the last week or so feels vindicated by what I heard. What do others think?

at ca £1.48 equivalent. Going to be interesting to watch the TSX board during/after the webinar.

I suspect one could never get a more upbeat message from Paul in this interview without breaching some insider rule or otherwise. "Wonderful" and "very excited" are just two of the words used throughout the ca 6 minute chat - for me the highlight comment being "this time next year TXP will be a very different company". Presidents and CEO's just don't use this terminology lightly in today's world. It sets the stage for this evening's webinar and I would not be surprised to see a new record in share trading throughout the day.
I continue to add shares to my portfolio at these undervalued prices.

The current sp either confirms the fact that AIM is one of the most manipulated markets in the world or that the MM's (and possibly II's) have information not available to private investors.

On the basis of the sp reaction to this relatively constructive RNS, I guess future news needs to be negative in order for the sp to rise? Of course, this is AIM isn't it, probably one of the most manipulated markets in Europe, if not the world.
Defies all logic, unless of course the MM's have knowledge not available to the rest of us!

and focus on the intrinsic value of the company, specifically in the long term. TXP has discovered substantial gas reserves in an island country which, i) needs the gas and ii) has no competing source of energy, except expensive LNG. Further, based on what we have been told, there are still many more areas owned to be drilled and known finds to be further delineated.
The company is basically fully funded to first gas production which will quickly generate a wave of cash, thus enabling it to continue its drilling and proving activities without having to go to the market or banks for debt/equity.
I can only presume people selling now are obliged to do so for liquidity reasons alone as there would be no justification, with news just around the corner, to do so when the sp has been almost 30 p higher just a couple of weeks ago and, frankly, as many have posted to date, should quickly approach £2, £2.50 and £3 as progress is reported.
PB and the BoD/senior management have to date excelled themselves and, absent any news to the contrary, one can only presume that progress continues apace.
I have been topping up during the last week, incredulous that an opportunity I thought had passed has returned. My TXP holding is now approaching 50% of my portfolio but, having bought shares at a fraction of today's price, I am, based on all known information, prepared to run this risk.

If investors on this board are so concerned then why not contact PB/the company directly? I have done this twice in the recent past and received both professional and timely responses from senior personnel, in each case putting my mind at ease.

happysparrow, Correct! However, I have stayed invested in IOG as I have a seven figure holding at an average price of under 9p With the sp at ca16.5p and the likelihood of this possibly doubling once first gas is announced, I am content to ride the next 6 months or so. I was tempted to sell and buy more TXP but just could not bring myself to have something like 90% of my portfolio in 1 stock. Ok, so IOG will not be the 10-20 bagger that TXP has already achieved for many, but I am happy to ride both horses.

Having only first bought into this share at 16.7p in May 2019 based on something written on another share board and my own due diligence, I have steadily built my holding in TXP into the high 6 figures, with an average price of just under 60p. Thus, at 173p ( I am still buying) and heading towards who knows where, I am now realising that, for me, this company is fast becoming life changing and will massively enhance my retirement (13 years ago). What will add cream to this cake is the fact that I have substantial capital gains losses which will absorb a very large portion of the tax liability when I sell. That said, if I have to pay CGT on the balance, I am not exactly going to complain.
Why write this? Simply because I get the impression that most, if not all other posters here, are in the same position re their TXP holdings and to say good luck to all investors, including those just discovering TXP. This truly is a once in a lifetime share and I am delighted that it appears that private investors, rather than II's will make serious gains here.

Photo, Totally agree, this is as as wimpy a forecast as you could get from any professional analyst. Chinnook and Cascadura test results could themselves result in £2 plus by the end of this month/early March with so much more to come in 2021 and then beyond. I appreciate that some posters maybe letting their heart rule their head in suggesting £5 plus in the next year or so but, with a little luck and good fortune in terms of additional discoveries, such a price could be reached and surpassed.
And, of course, should major/large independent gas producers decide to bid for the company then who knows?

Corpse, I suspect that the MM's and II's have a real influence on pricing. One might even suggest that, in AIM, market manipulation is the norm. I can name any number of AIM stocks over the last few years that should have risen based on their assets and prospects but either fail to do so or even fell. I personally feel that the LSE does not have enough control on AIM.

Shareholders should complain loudly to the BoD about these generous, unchallenging awards. They should also be questioning the continuing role of Fiona McCauley who has simply not been the guiding force we had all hoped and in all probability sanctioned the options. The BoD needs to listening to the shareholders - it does not own the company, we do!