Member Info for G_G_G

Re-read Stas. I also noted your change in view over the past few weeks. At least you are seeing things clearly now. Let's see if they can get Casc 4 & 5 right. And if they buy some shares in the low 20's then I'll pull back on what I have to say. The reason is that they will have done some things right for once.

Without any issues, I'm expecting w/c 15.09 for an update on the Casc 4 drill completion. In the success case, I don't expect much by way of sp movement. The market has been burned so many times that they will wait for the flow test results in October. From there, it depends on our new biggest shareholder and whether they want to take money off the table. If so, we'll struggle to break the low 20's, which is a minimum 25% gain for them. And the money being taken off the table would be PI money that PB has effectively transferred to these new guys.

I'm keen to see if and when the pr@t and his fat bod decide to buy shares. Will they buy now when the sp is on its knees...? If they have any scruples, they should wait until the sp hits the old raise price. And then, they should be putting a solid 6 figures into the company between them. Get the results, put some decent skin in the company funding their lifestyles, and that would be some small steps toward redemption. It will also help to shift all the raise shares at 16p if they start offloading. Truly interested to see what the slippery pr!cks do. AIMHO

Whouse, not sure you can wrap up all the failures and lies of our CEO as simply and flippantly as 'only sentiment'. We've had 'only a few years, of only a few dozen broken promises, broken timelines, broken budgets, broken guidance, broken drilling programs, broken forecasts, broken finances, broken raises, broken loan agreements, broken acquisitions...'. But if that's what you mean, then yeah, it's 'only sentiment'.

just responding with a dose of reality to the ****e you rampers post. if you got your heads out of each other's @sses on the human centipede chain, you might actually have a better idea about what's going to happen next (even with sentiment changing).

ss, that last post sums up why you will never get it. just as a tip, maybe run your ret@rded responses through chatgpt first. after a few years, you may even learn the differences between 'there' and 'their', and 'your' and 'you're'. f@cking h@lfwit. and pb has a package of close to $800k. reckon this has been covered previously, but unsurprising that you may have missed it. what's your holding and average by the way?

Agree it should work in principle Lukee, but it didn't here. And in most cases, I haven't seen a positive impact from BBs. Far better to reduce the thing that concerns investors when revenue is dropping and prospects are relatively unknown (for now), which is a large debt pile. So I'm happy for them to be focused on debt reduction. The muppets also need to address Shinez - they cannot pretend it didn't happen. They also mentioned on-going legal action, so need to provide an update on this, at the very least. We just need $65m Adj Ebitda and a confident growth outlook for 2026, and I'll sleep better at night. GLA

straight, it;s a funny one as i was quite +ve about the bbs here, even though i'm quite -ve in general. i've rarely seen them make a real difference to the sp of companies, both big and small. it's hard to judge what they were doing here, but i remember when we were in the 130's and the heavy buying wasn't making a dent in the sp. because of this, i'm more in the camp of reducing debt, which i think is a very big anchor on the sp at the moment. i'd like to see $15m trimmed from our debt pile. and at least $30m by year end. available funds permitting, i'd be happy for the bbs to re-start in h2 next year when they have the debt level under $50m and comfortably under 1 versus our adj ebitda.

mgt here have f@cked up a few things quite badly, with the shinez ****show being the stand-out. if they can get our ebitda growing again at double digit and debt dropping, then i do think we'll move back to £1 by year end. more importantly, i think we will be far more attractive for a t/o. i think most buyers are waiting to see if a turnaround is in play before they make a bid. it's far too risky to lay down a few hundred million when you don't have a high degree of confidence the company is on the right track, and a low debt profile in case it wobbles. super important these results. some good news and i can see us leaping into the 70's and staying there. aimho gla

ss, why is it that senseless rampers always resort to 'you're not invested' or 'you're short' etc...? absolute garbage because you don't have any counter-arguments to the litany of failures and poor management decisions made by our incompetent, over-paid, ceo and board. sm knows my holding because i was calling it when i was doing it. why the f@ck would i be so annoyed if i wasn't invested. we should be 30p now - that was why i kept averaging down and have a significant holding, albeit at 22p average.

you just keep parroting 'don't worry, pb said tomorrow we will...' when it has never happened. i'm p!ssed because our lying charlatan of a ceo has completely hoodwinked us on the raise and loan contingency, which is what caused the share price damage, and why he then needed to raise again at 16p. if everything was so hunky dory why didn't the bank waive the loan terms? remember, he mentioned the bank didn't even ask for the raise. and why did he need to do it so soon if we had sufficient cash to pay our bills and continue with ops? the useless f@ck either has no idea about the financial state of the company he takes close to $800k from each year, or he's straight up lying to us on everything, or both. i'm going with both.

assets are great. but pb has f@cked any return lth's will get, even if the clown manages to deliver on what he is promising. if you have an average over 40p then you are not getting your money back for at least 2 years because he has loaded the company with over 25% more shares for peanuts. even with successful drilling it's not until the pricing contracts change that txp will be able to crawl out of the swamp that pb has dropped us into. in other words, you won't get your money back until pricing contract change, and everyone in the teens (20% more shares), 20's (other raise participants and large pis like me), and 30's have had their fill. what a way to look after lth's investments. just keep feeding them bull**** to get them excited, and make sure the company is making enough money to fill the mgt team's trough.

Aye, you are assuming that Casc 4 will be drilled without issues. Hook up of Casc 4 & 5 won't have any issues. And flow rates will be good. That's a lot of assumptions given Calamity Baay's track record. And I'll wager it will only take us to 16-18p channel on drill completion and hook-up (without issues). Some great flow rates and maybe low 20's, but it really depends on whether the new major owner wants to take their 25-30% off the table. That's a lot of churn before we get to the next big lump at 20.5p. It's truly disgraceful what PB has done to this company.

Surprised no-one has said anythign about today's rise. On decent volume as well. Maybe it's just algo's. Hopefully, it's a sign of a good set of results next week. It's certainly going to be interesting. We just need upper guidance, and ideally some green shoots in Search with high confidence that things will move upwards later this year and next. Investors in this company have taken an absolute beating. It would be nice for us to get some decent news for once. As always, a bid of £1 or higher would be best.

I thought it was a bit lower than that - someone here did a fairly comprehensive review from memory. Either way, it's certainly higher than 60p. I imagine they would be quite unhappy with anything below £1 unless they get to maintain their share. It's a long time to get 25-30% gain. Only a few more days until we get an idea of what our f@ck up mgt team have been doing. We must be still on track for $60-68m Adj EBITDA, which means they can lop off $30m in debt this year. If they indicate that 2026 is going to see decent double-digit growth, with Search leading the way, then £1 by year-end feels about right. Hopefully a t/o before-hand as I'd be happy to have this mistake wiped from my pf.

Issue holding us back was JS2, which is unknown as to whether the well is a write off, or when it will be fixed (if at all). Pressure readings were encouraging, but we already knew this. If they had another producer at 1mmcf under compression, then we'd be in the 30's now.

Other elephant is He%. We don't know what it is, and although previous testing looked very good, we need to see what the deepened well is producing. Anything at 5% or above, and this should re-rate.

I also agree that Thomas should address what he felt was the issue with JS2 and how they are mitigating moving forward. The air drilling appears to have caused more problems then the water-based drilling they did the first time. Hopefully, these additional wells will delineate the resource AND produce. If so, they could potentially have 4 producers. If you work on +500mcf @ 5% He + 70% CO2, over 330 days, we would be generating $4.125m (He) + $2.8875m CO2 per well. Or, $7m per well x 4 = $28m for a 4 well program. Allow for average 15% royalty and 20% tax and you get to circa $19m per year post royalty & tax revenue.

Some very, very good money to be made if they can showcase just 4 x JS1's. Thomas has also said the plants cost anywhere from $10m-50m. It apparently depends on the complexity and size of the plant. But even at $25m, we'd have half of it covered by the loan, and hopefully some pre-paid set-up / non-dilutive capital raise for the remainder. On these multiples, an mcap of $80-100m (£60-75m or 46-57p) seems reasonable until production starts. Apparently it's quite a quick and straighforward plant build. Targeted first production is Q1 2027.

Absolute bugger about JS1. Just need the He% & CO2% to come in at 5% & 70% respectively and we should get a nice bump until more drill results are shared. AIMHO GLA

mgt team have really failed at comms. they go out doing interviews on a .co win, and really little else. but then don't address the recent dis loss. and in doing so they have allowed prevailing negative market sentiment to take over. straight up amateurish. they should have immediately stated the loss and explained that it has no material impact on the flimsy guidance they provided over 5 months ago. for a mgt team not to manage shareholder expectation when the last 9 months are a record entailing a ****show acquisition like shinez, downgrading guidance after a small insider trading drop, 2 x take-overs falling over, and then the almighty google imposed carnage on search. this, after guidance that can be summarised by 'maybe x but we're not sure', is quite unbelievable. one thing's for sure, if they are about to drop guidance again, then i imagine it will be time called on michael and billy.

lukee, i think you should use ev:ebitda ration given we're being punished not only for our ebitda downgrades, but also an inflated debt level. if shinez was what they had bought, or better still they didn't buy it at all, then we'd be £1 quite easily. instead we need to pay down the shinez f@ck up first. hopefully in a little over a week we'll have debt down to circa $80m, search clearly on the recovery path, and reaffirmed 2025 guidance at +$60m. we should regain the 70's if they can provide this sort of update. reckon a t/o will come afterwards, once the market feels like we're on steadier ground.

This is such a steal at the moment. You can see every time Thomas speaks that he wants to say 'there's nothing like it'. A few more great results, and this could be 2-3x current value. I'm f@cked off over the raise being set at 23p, but the fact that it was only for 10% of issued shares, and they're going to delineate the field by Q1 without going back to the market, is good to hear. Lots of newsflow over the next 4 months with no more shares being printed to hold us back. GLA

Great, maybe PB can ask Exxon if he can borrow a few people to run his company. They can be paid in shares, just like all the freebies he gets.

Haha, now try that response in English, and not full ret@rd, Hardole. You're as dumb as a brick.

And yes, Sturm, SS, H@lfwit (Hardole), you should be looking at metrics other than cashflow, especially when that cashflow has a habit of jumping all over the place alongside our cash outflows. You might also want to take into account $60m worth of debt. And yes, inflation is important, especially when running at 4%, as are interest rates on our substantial debt pile. We also have variable oil prices. Gas contracts give some stability, thankfully. At least Aligator has the sense to take into account other factors, rather than just $4m cashflow.

The issue we have is that you lot want this board to be a rampy echo chamber, just like the fanboy club over on Discord. You are unwilling to look at the reality of our situation and how we've gotten here. And have a preference only to speak in terms of what has been promised in the future, regardless of the litany of past failures going back years. Look at the sp chart ffs. And look at how many shares have been printed in the teens just recently. If any of you had half a brain, you'd understand the impact of another unknown major holder sitting on a huge % of the company at 16p. Even with drilling success, the true value of TXP versus peers will not 'out' for at least a year, when 25% of issued share capital is washed through a thinly traded stock, and that's only with drilling success. Discord is like the 'Human Centipede' with PB at the head (and Hardole at the end). Just because we're holders doesn't mean we need to stick our heads up each other's @sses like many of you.

If you are unfamiliar with the 'Human Centipede', then Google alongside 'The Boys'. Warning, it's absolutely disgusting, but darkly hilarious, just like The Boys.

I would hope that any future dilution is absolutely limited to development costs in 9-12 months. At this price it's a kick in the nuts, but nothing too horrendous. They basically diluted by 10%, but at a discount that I believe to be too great. It may have been to get on some major holders on-board. Sadly it's often done to allow insiders or connected parties to join in before the fireworks kick off. I rather stupidly believed Thomas would wait until we get flow tests and He / CO2 %'s before doing any type of raise. Hence why I'm leaning toward a few close parties being given some free cash.

Either way we're now cashed up for a while. They only have the PEA, Resource, and Development Plans to conclude. I hope this money is pointed directly at those things, and another 1 or 2 wells for further delineation, but also to be used as producers. This would limit the development costs and give us 4 x producers to kickstart with. Development costs need to be shared so we can get an idea of how much is needed there. Plenty of options available, other than going to the market. We seemingly have a $12.5m loan ready to be executed with one of our major shareholders. I don't know if this covers 50% or 25% of total costs required. If closer to 50% then any additional raise to get us to production with 4 x wells is pretty small at less than £10m. Perhaps an off-take agreement or new cornerstone investor could also be tapped.

Annoyed, but it's done and for 10% of additional shares. Shame my money is tied up in some other dogs that I cannot sell to top up here. I've got 400k shares that have been 'off shored' to the TSX. Average price is about 28.5p, so down 15% over there. One thing's for sure, if we get numbers that look like 1mmcf @ 5% He and 70% CO2, which I believe to be a realistic 'good scenario', which were also numbers mentioned by Thomas in a recent interview, then we are off to the races. That would be $14m per well @ conservative prices of $500mcf He and $25mcf CO2. If they get $600mcf He then you are looking at $15.5m.

Allow for royalties of max 20%, some are 3%, and you still get $11.5-12.5m per well pre-tax. State land is around 18.5% I believe, so if they pick up additional leases it's still crazy numbers post royalty. If resource is district wide then I imagine a 5x is on the cards, as Auctus has suggested. Development costs are f@ck all. And drilling costs are even less. Now we need some stonking well test results in the next few weeks. AIMHO GLA

ss if the 'rabbit' is an ageing low decline field then god help us. i wouldn't even go as far as saying cascadura, although it should be. the 'rabbit' thankfully has nothing to do with calamity baay, which is the gas pricing contracts that expire in the next 2 years. well thst's not quite true, he did saddle us with a **** gas contract for casc. providing they can drill some decent casc wells and the compressor is done without blowing anything up in the next 12 months, then pricing is going to be the game changer in 2027. sure a big exploration well will give the sp a shot in the arm, but i doubt anything will be drilled before h2 next year. and even then they should be prioritising production and debt repayment. but that would require competent mgt so calamity baay will probably drill some wildcats next year with the raise money.

i was reading the other board earlier and they spoke about the fees associated with the 2 x recent raises. from memory, there was a statement that we're paying $2m in fees for both the £9m and £5m raises - is this correct? genuine question.

Zero, is the bucket shop Portillion involved here? Try a yes / no answer on this one.

As for everything else, yes the raise here should have been higher. I gave reasons as to why it is 23p - good and bad - try to keep up. With regard to the non-binding loan - what exactly are you trying to say here? Hardly the same as the TXP loan for a 'transformational asset' that doubled our debt profile which the CEO failed to tell anyone for months was dependant on a huge equity raise, which subsequently fell over. About the only thing in common is both companies have done an equity raise. We'll have to wait and see if OAK has a bucket shop handling the majority of this raise, but something tells me it's not going to happen.

Zero, the bucket shop was Portillion, you know the one that was managing the £10m for TXP i.e. lion;s share of the raise. The one where the directors have liquidated companies multiple times previously. Jesus you're an !diot.

As for the raise, well it obviously sucks at 23p. I would have thought they could wait a few weeks and raise at a much higher rate. Having said that, it also depends on how much is being raised. If it's £3m, then bad, but not horrible at 7.5% dilution. If for £5m, well that would be a kick in the nuts. Obviously also depends on who they are doing the £3-5m raise with. If done properly, they will be letting in funds, IIs or deep-pocketed individuals, like at HEX. If done poorly, it's to let in 'connected' parties on the cheap before everything takes off. University Bancorp are on the hook for a few hundred k so at least that's good. Hopefully Thomas can announce another major shareholder after this.

At least the funding question is now gone for a while. Some great results and sub 10% issued shares in any loose hands will wash through both exchanges quite quickly. AIMHO GLA

you'd hope that you believe in the 'value' of your investment when it has decreased by 60% in 12 months, and 80% in 24 months. ask yourself ss, why are we still in the low 14's if there's so much value to be had here? why hasn't the market woken up to 'the deal of the century' as trump would call it? just 6 months ago, when central was announced, the sp was 40% higher. something to consider the next time you think about defending a b@ll****artist on $800k per year.

zero, the day you start believing me is the day i'll know my judgement is completely f@cked.