Member Info for aligator

Growing possibility of a low ball bid from any one of the other companies operating in the country. For £45m, pocket change to many, they would get existing production, drill and fill opportunities and considerable exploration acreage - the difference being is that these guys will know what they are doing. Take your pick from BP, Shell, EOG Resources or Repsol, not forgetting state owned entities like TPH or even foreign companies willing to get involved in the country.

This is a complete clusterf*ck and even the most positive investors and recent incremental players like sirmark, who must now be staring at a sizeable paper loss, must be thinking about exit strategies.

This company or, more specifically the BoD and executive, have been out of their depth, in both technical and corporate terms, for some time. They have literally screwed up everything they have faced since early 2021. It is evident that there are investors here with averages of over 60p and above who have watched the sp decline steadily during the last 4 1/2 years. Unless they want to crystallise huge losses, they are obliged to hold and hope that, somehow, this story gets turned around.

The reality is that the BoD and executive are just not experienced or knowledgeable enough to deal with a myriad of drilling and reservoir issues which have blighted TXP in the past and have been stitched up on the corporate front several times.

I want management change but it has to come bit by bit, otherwise the risk of even more calamity is high.

PB has proven to be a snake oil salesman and no long term shareholder will ever trust him again. HE needs to be the first to go.

All I can see is an RNS advising of employee share purchases and the sp going downwards. What does that indicate? That the market does not believe the story that PB and his hapless bunch have spun and continue to spin.

Any bad news on finance will see this sp below at 10p.

Stas, Happy to reconfirm, for the millionth time, that I am a sizeable "long term" shareholder in TXP, which should indicate, even to the dimmest of minds, that I am substantially underwater here. Fortunately, the paper loss will not make me a pauper but I am livid with what has gone on here over the years, as I am sure, many other shareholders are. Yes, notwithstanding that the sp has declined by 93%, there is not much point trawling over old ground. However, when the CEO and his executives continue to make mistake after mistake, both in corporate and drilling activity - the last 18 months being very relevant - I feel that all attempts at positivity have been met with more disappointments.

As an investor, it is frankly inane to be positive about any company - this is what risk analysis and risk/reward are all about. So just because my willingness to be negative does not tie with your continuing positivity, should surely illuminate some warning lights in your mind. Or do you believe that Mary Poppins was real?

Ss, You consistently and unknowingly prove my point with your posts. Do you have any comprehension of the ridicule you heap upon yourself by "living 24/7" on this board?

You can't say that dunder. You can't question the experience of those in charge and the operational side of the company. That will upset a small group of rose tinted spectacle wearing posters (investors?) who believe that a 93% fall in the company's value in 54 months and failure after failure mean nothing and that the protestations of those staring at huge paper losses are nonsensical.

Johno, 26-27p? Even that will require a 100% increase from where the sp is today and we both know that is not going to happen for a year or so with these clowns in control. So, if that is your true average then these are bottom drawer shares to be looked at again in a couple of years.

Crl123, Not much to shout about right now and I have to say that I admire those who remain positive about the future. The reality is though that, without

a change in senior management and executives, these sad stories will just keep coming.

I would suggest strongly to the BoD and executives that, in order to show their belief in TXP's future, they should be buying substantial shares at this level.

The problem is that private investors own almost 80% of the company with institutions owning less than 12 %. Thus, the influence of the II's is limited to say the least and any major changes to the BoD or executive would require some 63 % of private investors to vote for such.

Sirmark, I have appreciated your historic confidence but can only now conclude that, at this price, you are underwater in your large holding. I continue to hope that this can all be brought back from the brink but 20.5p - the capital raising price a few months back - would require a 61% increase which, given the current news, has to be many months, if not years, away.

I said that I hoped I was wrong about my misgivings but I turned out to be right. More drilling problems to add to a very long list of technical challenges which have befallen this company over the years. The evidence during this period is that those responsible - the geologists, drillers and engineers - are simply out of their depth in this geological zone, sadly led by a CEO who, frankly, has proven to be a disaster.

Duh, I have not bought shares for over 18 months.

Hard, Agreed. Sadly, good news like early completion etc would have been put out by now. I have a bad feeling about what is to come.

Ab76, Logically thinking, you would be correct. However, just go back to the list of historical RNS' containing positive news, which were then followed by a price drop.

I sincerely hope you're right but, as I posted before, just to get back to 20.50p will require a ca 50% increase in the sp, a monumental task given the market's long memory of failed predictions etc.

And if no good news tomorrow? As for "anyone who spelling is not perfect or grammar then posters like him try to undermine ones investment" merely proves my point about the IQ of many posters on this board.

I prove my point. I have no clue what Ss' third eyebrow comment is meant to imply, except to say that this is actually a common term to describe "Hertoghe's sign", which is the loss of parts of the eyebrows. This is invariably a sign of more serious underlying health conditions requiring long term medical treatment. If Ss wants to try and be funny at the expense of those suffering from such conditions then I think that speaks volumes for him.

Why quite a few of us are negative is because of the absolutely shocking history of this company over the past 5 years, exacerbated by having the Keystone Cops in charge. It has got so bad that even positive news is treated with suspicion by the market with positive RNS' usually followed by a fall in the sp. At 13.75p the share price is way below the price of the two share raises this year such that, for example, just to get back to 20.5p, the sp will have to improve by almost 50%, a phenomenal increase.

We have not had any hint of news on the drilling results which basically confirms that it has not been achieved ahead of timetable. Are the wells completed and producing and if so at expected levels? No news just silence from the company.

Then a non exec director buys 250,000 shares, a positive move, yet the sp declines.

How are investors who are underwater expected to behave when they have loyally held shares for years, only to watch the value of the company decrease year on year because of rash decisions taken by PB and co? I, for one, continue to be a sizeable shareholder and I seriously doubt any other negative commentator will be challenging the company on this board if they do not hold shares.

As someone posted, there is no need for insults but, in the face of hostile commentary, it is not unusual to throw some back.

Bloody hell Ss, you are so optimistic you probably count Rachel Reeves as a friend…

Ss, The ramblings of a literary challenged optimist who has no ability to consider the wreckage of the past in terms of prospects for the future.

Interesting that a non-exec director would buy 250,000 shares so close to an announcement about the wells. Ok, there is no closed period in place to trade (to my knowledge) but the timing of this purchase is somewhat odd. Are we about to see a wave of director/executive buys this week?

That said, the purchase was not enough to stimulate the market. Sadly, there is just too much negative history associated with PB and the Company so, when we start speaking about a 30p target, it has to be remembered that this is almost 120% increase from the current price. That is, it may happen but not for some time.

Spudpeeler, what happened?