Member Info for crl123

Promises and T and T don’t mix. Had the same with Trin. Trust no CEO. It’s such a real shame. Investing becomes ultra high-risk bordering on gambling.

It is about the implications on Cascadura. Read Cannacord Genuity’s note. All will become clear.

Seems to me that the decline rate at Cascadura, perfectly foreseeable, has not been admitted fully until now. This affects ‘25 capex and thus debt. Hence the 20% drop. It is not really possible that Mr. Baay was unaware of this prospect and has thus put shareholders wellbeing to the winds. I have submitted questions, not that I feel it will make a blind bit of difference. More debt, not yet even agreed, and a lower production rate foreseeable from future wells. My opinion is ( right or wrong) that these prospects have been known for some while. The leak late on Friday caused the sudden drop. Info leakage is always unacceptable.

So, I suspect tomorrow will be rice papering over the cracks, but would be happy for it to be more than this.

Over to you, Mr. Baay. Goodday. I know you read this.

MJ

You are not too far off the mark.

PB has much explaining to do.

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It is the ( as yet unsecured )and not yet agreed $10m increase in debt upon which the cmpsny’s plans pivot. And no paydown of debt this year. Promises of production covering costs are also only promises until realized.

That is the holistic cause. IMO.

One for PB to address tomorrow.

Ggg. Thanks for that. Helpful and interesting.

Wrong that they cannot provide new material at presentations. Material only has to be made know if it is deemed market sensitive. A very subjective idea.

Much is not made known as it is very relevant indeed but is wrongly not considered “ market sensitive”. So many companies ( incl. Trinity..so damn many times!!) have done this. AIM should follow it up but just doesn’t. So I would expect some new fleshing out of relevant matters at the very least. Night all.

JH. Your post holds water. I was trying to make sense of the “Placing-like” drop. It usually happens before a R/I or Placing. You are right to question my reading of the Q3 resuts. Yes I did. I have been following Txp far too long, and was considering my position with the Trin cash. I am not very comfy with Txp debt having been shirtless due to Trin’s debt. Another story. People don’t need to know about me. Move on with where Txp is now. Yes I am invested here.

Dbh

Read my post again. I was exclaiming about 10 years of difficulties in T and T, and did not want to bore people with my experiences ot how T and T has not until recently been a business-friendly place for many exploration operators. I was encouraging people not to expect anything from any company without proof or solid indications. I was not inditing TXP. Although I have known them from 2013 and their Alberta days. They tried to buy West Coast Trin in 2016 but were refused permission. They had a great time initially with Royston but that flopped. They have not served their shareholders well, much like Trinity, who were wholly dishonourable on all scores after the sudden death of their CEOin 2002. Trinity appalled me . Txp were taken for a ride by them. You have completely misinterpreted what I was trying to put across and I don’t need reminding of my own errors. Naive to say the least. But no longer. I was trying to assist people in beingvaware of how they can lose their shirts too, especially on AIM. Trust no CEO in any company.

My post was not about me or my experiences. I have to live with my own overtrusting, but can help others not to go the same way.

Oh and nothing is to say that Txp would not go the same way as Trin potentially-now you have brought it up. I have followed PB 10 years. Nothing against the guy. But is it his job to look after you?? ( Fiduciary duty to shareholders exists only under % shareholder pressure. He owes you/me nothing).

He who expecteth nothing shall not be disappointed.

This is Txp and this is T and T . Investing here took the shirt off my back.

Have no expectations. Learned that much.

Poor finish. No buybacks Monday too then.

I agree. BB averaging rules.

Hoping you are right. I have been here before in this position in T and T multiple times. Let’s hope so.

All questions to ask on Tuesday.

Drilling in T and T is rarely issue-free. Promises are rarely fully fulfilled if at all, oil or gas. Not like I don’t know after 10 years invested.

In order to survive, TXP do need to have an ongoing sequential drilling plan to offset decline, which can, especially in gas, be severe. That is what needs clarity.

I am concerned about a cash-call but, having been caught out too many times with Placings/RI’s , why should I not be. PB needs to reassure the market re. ongoing production to counter decline. And financing of such. Since Trinity’s oil cash is no longer available, it makesdecline and drilling a little harder.

This is LSE chat. Murder is followed up. Most else passes. You are entitled to say about bad news. Discussion forums need realism. Not that you, or others are right…so disagreeing with you is the way.

There could be a Placing, Rights Issue, or just a reassurance on Cascadura and the way forward. Neither good nor bad should be assumed-yet. But caution always, especially on AIM. A buyer for 250k shares does show something though.

There would not be an investor presentation /Qand A on bad news. It does not work like that. It comes on top of the “Capital” day and is all about explanation. Now that is not to say one should always trust what is said( see Trin), but it is wrong to assume doom.

Mm’s under no pressure to find shares. Buyback lowered prob due to averaging rules. Faux optimism on a big gap up yet. All the intersecting lines available are only one small piece of the big jigsaw. And not of much relevance. No director buys as expected. No intervention. No ii and little p/i buying . S/p sags . Let it be. Still a good entry point imo. All my opinion as always. I think flatline today.

My opinion is that the NED is “ in the know” and realizes the opportunity here. Why throw away C25k otherwise? Kestrel are on the way to owning 30% and the buyback will be at least end Jan. ( I haven’t calculated). The reaction to Q3 results was well overdone and probably shorted too. It was also

leaked. Let’s see what Santa has in store over the next 3 weeks. More importantly , Jan to April. I am not expecting 180 simply because I have a protective mechanism having been screwed over so many times, but to be sub 100 is really just silly.

But the AIM market is exactly that.

Yes, onwards…….good to have encouragement from today.

It’s a rigged market. Great to have good days, but caution prevails in todays machinations. Much is done behind closed doors. Best to take whatever comes as it comes . Good to be positive but also to recognize the inherent corruption in the laundrymat of the world( L . Stock Exchange).

Great to have s/p goals but I have had my fingers cauterised and 90% lost through overtrusting. I feel this is a great share to be in , but the slump was a direct result of Shinez et al. That’s poor management. I don’t feel this will be a linear job. But I do feel it could pay off long term, but they must(!) get EOY results up to par. BOD ought to be buying also, but I never expect it.

Nice to have a blue day. Take whatever comes. Me? I am just gonna hold and hold. Need it at 110. 2025 is the time period to be looking at.

For anyone in doubt before who needs to average down. I just did.