Member Info for dunderhead

SS may I ask what RNS you'd like to see tomorrow?

Agree GGG why couldn’t they simply RNS 2024 average production and close out rates, early January? Gonzo has always been the first to shout from the hill tops "greatest well / news ever" and seize the opportunity for good news so why not back then?

Rightly or wrongly the market is always going to be suspicious of "late" news and after last year's production forecasting debacle this was a good opportunity IMHO.

GGG lol. Re 60p comment!!

I remember the halcyon days when I got slapped down for being a "no mark" laughing at the multiple pound valuations up to 20 CAD, from memory and, daring to criticise the "genius" of Gonzo and his clown BoD!!

All IMHO. Dyor.

When I went back to 2022 and 2023 from memory as you calked out another poster to do, I could find all the talk ups but none of the sells? Maybe they are there but I certainly couldn't find them?

One may assume perhaps, you have not been quite as diligent at posting similar in the past (of which you absolutely do not need to) I hasten to add, and that is why other posters were "criticising" you?

All IMHO of course.

Who else only posts their buys SM?!

It seems to me, apart from a very few sub £5k purchases no one else advertises all "their buys"?!

Just PR alli?! Lol.

Apologies stas, yes as per SM, post AGM RNS, issued 20.06.2024.

Worth a read actually, IMHO.

I hear both your arguments and both have good points.

1. I think what GGG may be concerned about is the Casca oil "discovery" and it doesn't turn into similar like Rosyton and Chinook and that all Casca wells do not seem to have been in line with initial expectations?

2. I think he is 100% correct in his inference that the whole of this BoD have been found to be lowest quartile pfmce to date and personally I think ordinarily would probably have been moved on by now, if we actually had a larger II profile which is a worrying indicator in itself!

3. However on the positive side whilst I am not 100% sure we have full flattened profiles now they do seem to have significantly reduced with regard to the worrying high drop off rates and the more proven (?) extension into RIO looks exciting.

4. I think it is an insult that they have not looked at share holder concerns regarding size of BoD but that will likely come back to haunt them (or us!) in the future.

5. Here's hoping they have learnt from a large amount of what looks like, really amateur decisions and mistakes along the way here and, this is the final low point of share price.

6. Part of the reason the share price is so low is because of 5. above, IMHO, and let's hope a lot of investors hopes are not misplaced and they continue to underperform?

Best of luck and as ever all IMHO, DYOR!

Well you certainly converse excellently for non native speaker Sturm! Far better than me in foreign languages.

I'd hardly say anything PB "says" is eminent lol!?

I know he may mention imminent but certainly nothing he says is of eminence IMHO!!

I am only joking as well Sturm and not criticising your spelling!

I didn't buy that low but all I'm saying is that on those price days the volume was relatively low and you could see (what I thought anyway) were delayed buys balancing what I thought were the sells IMHO.

Anyway we are where we are. Hopefully positive news next week!!

I'd have thought what I was saying was pretty obvious Johno. I have no idea how many hundreds of thousands you bought but considering I bought a few as well (and SM) we literally must have been the only buyers as total volume during this period wasnt that "high" then either and, I could see a lot of people also claiming to be buying as well so perhaps relatively small amounts and they are now selling in relatively small amounts so hopefully this is nothing more than that, although as posted on here it would be great to get regular consistent production profiles RNSd each month to avoid such short term fluctuations. As ever all IMHO, dyor.

Exactly G respectfully I've heard about so many people buying big in the early 20's (not specifically you Johno!!!) when the reality was you couldn't buy that "big" then either but whatever!? IMHO.

So serious pont, we're inundated with Level 2 stats when share price rising. Why not now? Surely this will potentially indicate if we have iceberg seller?

If that were the case, john, it would be far better to phase the RNS statements, imho. 3 separate even over 1 week would actually maintain some momentum. I may be in the minority here but I think

1. The management genuinely need to improve inbtge furst place and

2. It's going to take a long time before we get real sustained share strength again.

3. So any little RNS "tricks" like that may help (a little!) on that "journey".

All IMHO.

Don't want to labour the point but again some people may have purchased on much shorter time lines as well based upon informal guidances. Me I'm "happy" (ahem, lol) to lose it all as it makes no difference at all to my life. (Thanks to god!!).

Ps I think it was a "sweet spot" drill (but am happy to be corrected) and used (as is normal) to test the potentual boundaries of reservoir as well?

There is also a lot of commentary regarding the specific well sites and I believe these were chosen by TXP hence being within the category of sweet spot but am also happy to be corrected on that as well?

John you shouldn't be so fing sensitive buddy!

Seriously it wasn't aimed at you, take your ego elsewhere lol.

I've seen it see it a lot from 70p, about what a great bargain it is (trading some of mine to buy extra "free" later) and great opportunity to purchase, so was just a general response to that!!

I don't personally care what prices people pay but what I was saying was to understand, why a lot of people have been frustrated, by NOT being able to do so having bought in good faith, averaged down over the years and finally run out of spare cash only to find the share price continues to be even more excellent value. It is only excellent value for late comers or people lucky enough to be able to "average" down and is also this price for very good reason.

Truly best of luck in your purchases.

As ever all IMHO, DYOR.

Agree and I think the fact they haven't given a December production report yet adds to possible "market jitters" about Casca. Just get out facts and remove speculation. IMHO.

I absolutely don't disagree but as I say we could have been in such a better position due to (lets be generous) "inexperience" of management team. This current acquisition has been obvious and talked about literally years ago, when we first heard of walls of cash, by the most inexperienced of o&g commentators, hence is a somewhat obvious "strategy" and shouldn't be labelled as genius, especially now having to be financed 100% by debt and may save the "crashed" share price? We need good Casca news and I personally cannot understand why that isn't being shouted from the rooftops now by release of Dec production update so as to alleviate any "possible" market "fears"?! Surely the figures must be known by now? How about a group of positive RNSs , Dec prod, $10 mm debt sorted then acquisition debt sorted rather than either of them to be possibly subsumed into smaller number of RNS statements?

As ever all IMHO, dyor.

Absolutely SS but had we simply concentrated on getting Casca on line efficiently and cost effectively, TXP would have been in a far stronger position (and hence share price) to acquire TRIN and current acquisition. Let's face it, on a serious note, no one else is really interested in such an "Empire" and timings and methods of various strategies to accomplish this, have not really been successful to date, considering previous forecasts regarding cash walls, best wells ever etc etc.

So yes hopefully an Empire will be produced but at the moment it is built on relatively high risk and shaky foundations. We need a clear positive production report re Casca December as there is probably still uncertainty regarding last two well results, as these were in the sweet spots were they not and, at least one came up with different expectations?

Not interested to hear what a bargain share price is now because I've managed to purchase so many at such great prices blah blah, spare a thought for long term share holders who have not been able to or worse, had to sell at loss, due to waiting patiently for the wall of cash to arrive - that still hasn't actually!!

All IMHO and DYOR.