Member Info for crl123

It is so easy to moan and talk negatively about things, criticise, pontificate….make promises…and then do nothing!! Happens in any walk of life ( Txp syndrome!) and can happen with shareholder action too. Can just be fluster and bluster, unless followed by organised action. I led the 4D shareholder action group for 18 months ( cost C£50k in legal fees kindly paid for by Damon Parker’s firm ( he led the VW emissions and Woodford claims, both successful), because I know how complaining per se gets you nowhere without appropriate action, which involves consistent effort.

It would need a separate email address for holders to contact and give details of their holdings.

Cannot give email addresses here.

We almost managed it with Trin with 48% of shareholders but one big shareholder resisted -to his cost. It takes much organisation. It is doable with enough shareholders consenting. We would We ousted the Infrastrata BOD with 51%. PB needs to be replaced, yes, and I hope he reads this site. I am not 100% sure what the best course of action-if any-is. I just feel that PB is not honest , clearly (!) does not care about the share price and the ‘market’ and shareholders have ( apart from a few here) now cottoned onto that.

The first step is for those lth’s who fawn over PB and TXP to wake up to reality and drop their naivity.

I was a gullible tw*t with Ncyt, 4D, POG and finally Trinity. I could not believe in their deception and corruption until after the events! Too late.

I read people here who still trust this BOD.

They should see the snake oil for what it is. Well-paid, manipulative bunch of deceptive salesmen. One in particular. He needs to be voted out fiirst.

I agree. But a good snake oil salesman will have already covered his back.

I believe PB ( like the CEO post Dingwall’s death in Trin and his incompetent BOD who also screwed everything up but got remunerated massivy for it!) will have considered any risk to his salary. It will take a big shareholder rebellion to vote him out. It is doable, and should be done ( I did it with Infrastrata in 2017) , but needs managing. I personally think the share price would recover significantly without PB who is just feeding off shareholders and concealing crucial facts like the loan terms. If shareholders were to unite, over 10% can call an EGM. Over 50% can vote out the CEO or the board. How dare he receive over $1m a year with the decimation of the share price???

This share price is at a new all-time low. I have known TXP 12 years, since it abandoned Alberta Sands and went 100% Trinindad. It has just become a pawn company( like Trin became after Bruce Dingwall’s sudden demise-bees to the honeypot!) . Mr.Baay is taking shareholders for a ride and some of them are even buying into it!! Willingly giving themselves up to his spin. All we see is s/p erosion. Yes I am losing alot. Everyone must be on a loss now. PB clearly does not give a damn and just look at the s/p to prove this assertion.

Shareholders can unite to call an EGM.

They can vote to remove him at an AGM or at least against remunerstion. For goodness sake, he earns over $1m a year. For what? It is ultimately our money as we bought part of the company with each share.

Those fawning over his neglect/abuse really should wake up. Shareholders should use their votes wisely , write to IR ( fwiw) and even directly to PB( but not as a pawn). He really is taking shareholders for a ride here. No mention of a loan bound by a covenant. The FCA is useless, or I would say report it. Deceit.

I am afraid I share GGG’s cynicism. I was here a year ago( and still hold now), but it was at 31p a year ago! Nearly halved. And I held at £1.20 originally just to see it devastated by neglect. We still have a fund raise to address which we knew nothing of. Why did we know nothing of this?? It is this which is suppressing the price. I will not get to breakeven in a year or perhaps ever. I am afraid charlatans rely on trusting p/i’s to be the opium of the people. I fell for it in Ncyt, 4D ( my biggest lifechanging deception) and then the nincompoops at Trin after BD ( a real pro) died. They scuttled around the table looking to screw as much money from the cash and p/i’s as they could, bored dry well after dry well and squandered all the capital. Hence large shareholders forcing the sale and squeezing Txp out last year. BOD tried to hold onto their inflated salaries but were forced eventually to relinquish them . A good thing. PB ison a good number here. Just look at the s/p if you want to see what he truly thinks of shareholders. Facts speak louder than faux-promises.

Now at 12p on an all-time low!!!

Please!!!

Aligatpr.

Must agree. Been there with Trin. Bruce D died ( he really knew his oil stuff) and left it to nincompoop executives and misled geologists and it slid into oblivion and a forced sale, or I feel sure they would be continuing their fat paychecks as the s/p slumped on terrible decisions.

Same seems to be happening with TXP. The CEO is fine, thank you very much, so he can do as he wishes whilst the s/p continues to crumble. I started in here at over £1 and the leaking ship goes lower and lower through all the meaningless rhetoric.

And I do have sympathy for GGG with his large investment. Yes he is negative, but understandably I feel.

Can’t blame a technical failure on anyone in the oil /gas business unless it involved poor preparstion or neglect. Things go wrong when drilling sometimes but some are avoidable . Hard to know if this was or not.

Regarding Cas 4, can’t say it’ll be a write off.

However, one only has to look at the share price for a reflection of Paul Basy’s competence. I held once at over £1. Just look at the charts. Steady relentless decline and constant ongoing re-funding

This is not(!) a company with a director who gives a monkey’s about shareholders. It is a lifestyle company which serves Trinidad and its own BOD. Period. One has to wake up to that conclusion one day.

I have lost enough to Mr. Baay’s faux-promises.

The market knows this too.

Big sale went through today. Also buying and one biig buy.

Regardless of the sale, this is hugely oversold. Refinancing is a year off. Restructuring has already started with sales in Ghana and MoU which connects with the local demand. Unfortunately the sales led to lower production but that is inevitable!! To be at 9.23p is ridiculous. It may go down more , but that is the market makers for you. I just suggest we hang in there and give it as long as it takes. It was 14p 5 days ago. The drop in production was expected if the assets were sold. Hardly rocket science.

Hang in there. BOD not done a wondeeful job of late evidently, but one of them parted with £200k at 11.9p. I doubt he was happy to lose 20% in a week!!

This chatboard has become a playground for people scratching each others’ eyes out.

You can do the same to me by having a go at me( pointless but likely ) or you can ignore poster stupidity and try being helpful with balanced info.

Some of us are invested here and losing of course( Tullow is at an all-time low so nobody can be breaking even)!. So perhaps we should pull together and be helpful, not personal. It is what ruins the value of a chatboard. Just disagree and be disagreed with. Like in life.

I asked myself the same question.

Just got my H/L share value statement.

My TXP shares were worth £1.75p in Feb. 2022.

I should have sold.

This time 2 years ago, they were worth 87p.

Now 12.75p.

This is a reflection of the lifestyle company trend which came to see shareholders as cannon fodder.

20 years ago, shareholders were holders of part of the company. Since Lehmans and zero interest rates for 10 years or so, private investors fell into the clutches of snake-oil salesmen.

I lost my life savings out of naivity and I have no naivity left.

This company is not a sham company with no product( like 4D which planned its own liquidation for years in order to scam its many investors) , but it is a nevertheless run by a snake-oil salesman who has stripped us of our livelihoods here.

Cannot be denied.

Production results this week will not regain us the horrific losses we have endured.

Another Placing is feasible and more erosion of value.

I would recommend a planned shareholdercrevolt, as everyone will be on a loss, and some on life-changing losses. Those coming out with sparkly pro-bod comments have obviously either not lost much, or arexeating the wrong mushrooms.

Mr. Baay has eroded my and others’ value continuously without interruption.

When are shareholders going to stand up for their rights here? There must be more than 50% in p/i’s hands.

The share price is a half of what it was 6 months ago.

A third of what it was a year ago.

A fifth of what it was two years ago.

I write this with dismay.

I do not see how anyone can say anything positive whatsoever about the management of TXP. It is that clear.

Yes this will not be a popular post to some people, but you just can’t avoid the truth.

Is there one shareholder breaking even at all?

More likely than TXP getting it right though lol

Good post Travelstocks!

Regarding the Euromillions…you are statistically more likely to be hit by lightning. And most weeks no-one wins it at all. And literally millions of people across Europe play it!! The lottery is a lightning job too, but Euromillions?? 5 numbers and 2 lucky stars. Even though millions play it, it is very rarely won. Such a con really.

Yes I play it at times , Doh!! By God I could stand there with a carbon fibre fishing rod pointing upwards in a storm and still be more likely to be hit than win it though!!!

Is the number you mention referring to the 1930 boep/d Q2 mentioned from Central Block in the RNS on Central? The numbers are confusing. E = estimated anyway. Oil is usually bopd ( not estimated). Gas/oil split very confusing. Your figure (2000) is not mentioned. It’d have to be estimated according to the RNS.. Unless you were rounding.

Glad you are buying but I do tend to agree with Stas that the price reflects lack of buying interest, something that a small cap relies upon. TXP is not a high profimle stock and I can’t see it doubling at all to be honest. Needs its lost funding and has also lost credibility due to extremely poor management decisions . Look at where our share price is right now. I am losing a lot-I believe we must pretty much all be. I don’t think we matter.

Thank you Mark.

What is supposed to be happening today then??

No purchases is a sorry neglect. I do not enjoy moaning. I just see greed and taking across the board here( the norm in the stock market) , but with no respect for shareholders who in effect have subsidised the company. I held at over £1. And it got to £1.50. I have just seen incompetence after incompetence destroy the share price. No more moaning.I expect the same tomorrow as have never seen anything to the contrary. I was also in Trin and they had their noses in the trough too after the very competent Bruce Dingwall suddenly died. I knew him personally and it was sudden and sad. Then the idiots took over. Txp got involved and messed up equally badly time after time. I am not expecting anything here except sitting on my loss, and will be incredibly surprised if tomorrow makes any difference at all. GLA though :-)

I’m sorry, but I yet have to come across a ‘presentation’ or AGM or any PB public affair which does not destroy the share price.

I will not be popular for saying this, and it is not something that will inspire people to buy( I won’t play the ramp/deramp game), but it is my experience and my opinion. I held Txp at over £1. I now hold at less, but have seen this share price steadily obliterated, rather like Trin after Bruce Dingwall died( he did fairly well with Trin , but his inheritors annihilated it)!!

I hope I am wrong. I would like history not to repeat itself, Mr. Baay.