Member Info for dunderhead

Johny see you reply "below". I actually was making some breakfast in the interim and am on phone so a bit slow to "type"!!

HLM don't dispute that statement because as you know I have always said they should have concentrated solely on Casca but it also validates my statement that they didn't do as "planned"?!

Adon respectfully this is o&g where the whole business needs careful planning foresight and delivery at EVERY level, as consequences for not doing so are at best financially expensive. Please don't get me started (again as brought up at the time) on the many "issues" regarding rig procurement but it goes without saying, one of the first questions regarding such kit in areas such as this, is ease and security of transportation!!

It would really really surprise me if this was not one of the top items on risk list.

Re weather, had they got their scheduling completed on time, surely this wouldn't have been an issue anyway?!

Just a contra argument to others opinions or "justifications" as to why once again TXP have failed to deliver as "planned" and also just my opinion!!

That's ok guys, just ignore me or filter me, I really don't care either way, lol.

Ok johnxxx but they didn't complete the drilling plans this year and I don't think ever have completed anything to "plan" ever? Why will that change now?

It just seems that the market is "fed up" with plans, it is (and has been for a long time now) simply about delivery?

I'm just saying, as I have been also for a long time, the "path" to increased share price is going to be a little more difficult than others appear to realise. This reality will also impact revaluation, as trader punters move on and other punters take profits earlier and lower than they initially thought as they are simply "exhausted" and probably, rightly or wrongly, perceive quicker value elsewhere?

As ever all IMHO.

Ate, Adon, Johnyxxx, why is anyone interested in next forecasts for 2025? Surely it is the delivery that is important?

When has TXP ever "achieved" anything remotely within forecast? The 2024 "plan" was hardly stretching? I know they had bad weather but was that really surprising and why weren't they already finished before bad weather, lol?

As ever all IMHO.

I don't think it's quite as simple as that but we can agree to disagree! I have a feeling I "may" often do anyway (lol) with you on Discord but could be wrong on that?!

I dont get your point SS? The declines were unforeseen last September but certainly not for a long time now, the reported profiles were reducing and there was some discussion around the cause of that but I'd say reasonably researched investors were fully aware of a "severe" decline rate some months ago? It remains to be seen whether they can reduce such decline rates and even now, we may not be on plateau production profiles still yet, as ever all IMHO?

Absolutely but simply from my perspective these changes in forecast profiles are material and should be brought to the attention of the market when it becomes apparent. It obviously was very apparent to any "well researched" investor like "ourselves" but I still think it creates "surprise" in some quarters especially considering our investor profile which is another story in itself!! Also other Canadian companies don't seem to be as restricted in getting their "estimates" accuracy due to the "differing reporting time frames"?!

To be clear though, I am confident that Casca will turn out to be a good asset but I think, similar to the market, less confident in the management to bring it online as cost efficiently and expediently as possible but, we do seem to be finally getting nearer to a smaller wall of cash promised, what seems like an eternity ago. ALL IMHO.

Thank you stas for your observations.

I've probably been "around" far longer than most on here and as you correctly inferred was "having a bit of fun!".

However to put all your comments aside, surely the best way of avoiding such scenarios is to get the "estimates " correct in the first place, rather than constantly over promise and under deliver?! Just a thought....

Ah how stupid of me, the drop in share price is nothing at all to do with dismal guidance accuracy but it's the mms fault!! That's good to hear. IMHO.

I certainly hope not considering the absolute mess they made of the last "attempt", lol, IMHO. I'd be interested in total costs to date on that as well, especially considering Gonzos comments in last video thingummy regarding the recent (excellent) initial well results at Casca?

I'm also wondering where we are regarding the post AGM RNS and share holder "issues" around the size of BOD? Correct me if wrong but the TXP "management " would have been addressing that post acquisition of TRIN hence hopefully we will hear about that in next update as well?

As ever hopefully we will be (finally) turning a corner and all the last few errors and mistakes are finally in the rear view mirror, or something like that anyway!!

Dana, were you the chap who was going to sell the TXP story to institutions or even going to try to "invoke" a take over of TXP sometime ago on here? Just wondering how you got on?

Yes but clearly Gonzo had muddied the waters when his comments were simply not needed. If you want some real "fun" watch a lot of his earlier video thingummies!!

This was self inflicted and continues to undermine confidence in "management", IMHO. The issue with TXP is when they are "late" on updates (and I know they certainly aren't yet - I'd be happy to wait until 04 or 05.11 before I commented to that effect) the news never seems to be what people are expecting. Here's hoping that TXP are finally bucking that trend (although tbh they are already late on a very achievable previous time line of end of September, lol?). Best of luck all and as ever IMHO!

John I hear what you're saying but the original September deadline was not at all taxing and should have been easily achieved, so the reality is, it was pretty late. IMHO.

Dbh clearly doesn't know what they are talking about.

Sometimes the filter is the best place, IMHO.

Caution is definitely the best word when basing on CCs "informal guidances".

Have a look over the last couple of years if you want a laugh! All IMHO.

However in line with the definition of being stupid I am hoping on this occasion, he cannae be wrong re 17th October when it was do close to that time when referred.

Of course one has to wonder why it was such a long delay from original end of September anyway considering the "time lost" due to oil_water ingress but we are used to that anyway, lol?! As ever all IMHO, DYOR.

Absolutely but why even mention this date unless there will be some formal public clarification around that then? It only sets an unnecessary expectation IMHO.

But whatever, I rarely bother to listen to his video thingummies anyway, such is their true worth, again, IMHO.

I know, I just hope it isn't another unrequired own goal, not that they are ever required!!

I was just shaking me head in disbelief because that would have been an opportunity to "over deliver".

C'est la vie!

Best of luck all.

John to be sure, the water ingress experienced with oil could simply be owc coincidentally breached and or a defective cement job amongst other reasons as well, which may cause some "concern" and yes I do know it can be (permanently) plugged off. It is just simply, nothing is ever "simple" and straight forward with TXP, including the "delay" of original (hardly taxing) work programme that concerns people. I also cannae understand why CC said 17th October rather than stick to already officially guided end of October? One would assume this is because he is certain of this occurring but again, he has given pretty certain informal guidance in the past as well, which just continues to add to investor fatigue. Here's hoping the water ingress is not an issue (it shouldn't be!) and CCs guidance crystallises then, hopefully we will see some positive share price reaction. All IMHO. DYOR. NOT a scummy (lol dhb twat) de ramp and AM a share holder (for what seems like am eternity now!)

Hi Ezhik, oh thanks for a reminder! I know I probably conversed with you as well but from my very damaged old man memory the chap I was conversing with was also taking quite material positions, similar to myself, until I saw the light of course and was just wondering how he fared (I fared very badly, lol!). Did you also hold the company with Russian mining assets or was that someone else?

Apologies first part of the post below was reply to ggg and couple of typos as well!