Member Info for aligator

Hard/John/Sturm/Ss, Believe it or not, my narrative is always my own - clearly I am just better educated than all of you (whose use of the English language is sometimes appalling).

I know it is hard for you all to understand but I am speaking theoretically and not appliedly. Of course there is a myriad of variables which can influence csh flow and NPV - as well as NAV....

I say again to the four of you, I am a sizeable long term shareholder in TXP. The difference between you and me is that I deal in facts, not self-deluded positivity. Frankly, your postings have become more moronic as time has passed.

My goodness Sturm, you really are exposing your ignorance in the valuation of oil and gas companies. Ordinarly, I would simply ignore such a but, out of charity, I will seek to educate you on the subject.

If the "4 million" ($/£/€) is a one off then the market cap would benefit from that amount. If the "4 million" is replicated for, say, 5 years, then the undiscounted total for those 20 quarters (i.e 5 years x 4 quarters per year) would be 80 million. However, if inflation during that 5 year period was, say, 5% per annum then the value of the 80 million would be reduced accordingly. Further, since we are talking about oil and gas, it is possible that the 4 million could reduce per quarter as the reservoir depletes. That said, if oil and gas prices increase and exceeds the impact of such depletion, cash flow could increase.

I hope that helps.

Ss, We are not trolls, we are realists dealing with available information rather then crossing our fingers and hoping it all comes right over time. The fact is that, like you, we are all shareholders and want nothing more than success for the company, but recognise that, under the current BoD/executive team, this is unlikely, hence our quest for change.

You really need to back up your claims and charges with proof.

Sturm, If you read my comment carefully, you will comprehend that I was not talking about net asset value (NAV) but net present value (NPV), which, as any analyst worth their salt will attest, is the value of future revenues over a given period of time, adjusted by the impact of inflation during that period.

I suspect that you have got your head so far up your own a*se that you cannot comprehend such differences.

The market cap of the company is ca £36m. To achieve a share price of, say, 20.5p (my earlier reference point), the company will need to prove new reserves or increased production with a combined NPV of £19m. This might be achievable but all it does is bring investors in the recent placing back to par. To achieve a share price of 30p (which represents just 17% of the 175p it reached in early 2021!), will require new reserves/production NPV of ca £41m. Yes, this might also be considered feasible but, when you review the achievements of the last 4 plus years, there is no way that you can have any confidence that this motley crew will deliver.

Sirmark, I believe you have said that on several occasions before. As for rerate, we both know that it will require something spectacular in terms of production and revenues to haul the sp back to 20p and beyond and I just don't see that happening during the next 6 months.

Tobin, As I said, results will only be determined by drill bit and compressor success. Even then, if these do not show better than expected results, the market could crucify the share price. This company is now walking a market cap tightrope.

As much as I want to see PB turn his predictions into reality, I continue to feel that there is something not right behind the scenes. I hope it is not technical or financial but I feel that all is not hunky dory within the BoD and executive team. Maybe there is a mutiny of sorts going on - e.g. directors beginning to realise that PB is not the man to take the company forward or questioning the decision made by the executive team.

Any thoughts welcome.

Ss, I am a realist which means I take things at face value. Thus if the past has been bad then the chances of the future being good are reduced. That said, I hope I am wrong and the company somehow pulls a rabbit from the hat. I have a sizeable paper loss here which I would to see disappear. However, with PB at the helm I do not see this happening.

I think 5 trades for less than 60,000 shares, following yesterday's presentation by PB, speaks volumes for what the market thinks of him and the company's future.

Based on this volume, the sp is going nowhere. Just to get back to the placement price of 20.5p (for want of a better reference point) will require close to a 50% increase and this is simply not going to happen anytime soon. Going forward, anything less than positive news (and, even then, this will have to be close to spectacular) will result in further loss of market capitalisation and I could easily see a share price 12p because of further drilling problems and/or problems with the compressor or production relating thereto.

Four and half years ago, this company was heading for the moon. However, we all now realise that that trajectory was based on unachievable predictions, if not falsehoods and what has followed in the intervening period has been calamity after calamity, amateur decision making by engineering professionals, corporate activity which highlighted the lack of experience by the board and PB's continual assertions of cake tomorrow.

Frankly, this did turn from success into a sh*t show and it simply galls me to see PB and the rest of the BoD continuing to extract considerable remuneration for not doing their jobs. This is exacerbated by the fact that the company prides itself on having x number of women on the board. I am just not interested in whether members of the BoD are male or female - I just want the best person operating in each role, their sex is irrelevant.

The limited number of trades is no mystery - the analysts, market makers and brokers have experienced exactly the same as private investors over the years and have the reached the same conclusions that PB cannot be trusted and that the future/fortunes of this company now lie in it establishing new production with the drill bit and enhancing existing production with the compressor. Just recall the number of times PB stood or sat in his office over the past 5 years acknowledging past problems but promising cake tomorrow. If there are worn out records anywhere in this story, PB is one of them. The man simply has to go but has created a yes sir BoD who enjoy nice fees and other corporate freebies so really has no opposition in the boardroom.

Hard, where have you been for the past 4-5 years? If you had the brain to research the contents of PB's outpourings during that period, you would note that very few, if any of his predictions were fulfilled and that the share price retreated after very RNS, irrespective of it being positive or negative.

The market simply does not like PB and, frankly, he should have been turfed out a couple of years ago.

Hardo, We have not exactly had rampaging success over the past 5 years have we? It is useful idiots like supersport and you who cannot extricate yourselves from the riches tomorrow speeches of PB.

LuckyBall, I did ask the question of the situation regarding Portillion and if the BoD knew its single owner had presided over a string of liquidated companies? It was also not answered.

Fascinating to see that, after yet another exuberant presentation by PB about the riches of tomorrow, the share price has once again started to slip. This has been a feature of sp performance after just about every presentation that PB has given since I first invested in the company in 2020. Call me cynical but I don't think the market either believes PB or likes him....

The future of TXP now lies in the success of the drill bit and, to a degree, the benefits of the compressor project. Given the history of this company, I find it almost impossible to predict success from either as I have endured disappointment after disappointment for the past 5 years. That said, I simply hope I am proved wrong in my thoughts.

Oh Ss,

My useful idiot definition is just underlined. You continue to believe the cr*p from PB when most see through the lies and seek greater clarity and honesty about the company’s fortunes.

Aah Ss, The useful idiot that PB and his band of nonachievers has convinced that they know what they are doing.

You get a clear picture of PB’s disdain for shareholders with just hours notice of another listen only corporate presentation - I.e. no ability to ask questions.

The man is a wide boy who has no allegiance whatsoever to the owners of the company.

Had the CB acquisition not contributed to the production figures, they would have looked dire compared to both the 1st quarter and 2024's result. This just emphasises the company's need to generate new production via the drill bit, as existing reserves are depleting at an increasing rate.

The market does not like this information and has reacted accordingly.

The company simply has to be successful with new drilling otherwise it will be crucified by the market.

you could actually write a book out of all the crap that is currently being posted here. the reality is that nobody knows what is going to happen, yet the predictions, insults and relative threats keep on coming. the most useful contribution is the poster who has taken the time to engage in correspondence with the company and is willing to share this here. the rest is just childish bull****.