Member Info for G_G_G

We'll see in the coming days SS. If SirMark and others decide to sell the +1m shares picked up in the 18-19p range for a solid +10% then we'll be back to the 19-20p level by end of week. That's my forecast. Happy of course to be wrong and the sp continues to go up. On a +ve note, I am confident that we should be making higher lows from now. So the 19's are probably about as good as it gets, providing no more Casc f'ups. Only another 9% and I'm in the blue :)

ss, i had no intention of having this many shares. the questions i ask myself before adding more are whether i believe the company is under-valued on fundamentals. and whether i believe it is undervalued based on potential. the fundamentals here are hard to plan by because we have roach talking all sorts of b@llocks in the lead up to a disappointing actual performance. having said that, post central i have averaged down heavily because it puts a hard fundamentals floor in, which even roach and his merry band of f@ckups cannot f@ck up. throw in an 'unexpected' raise at 20.5p that underpins the balance sheet, and the value is more apparent and dependable. the potential is what gets everyone here excited. posters like johno promote well reasoned arguments on what the company could become, but fail to acknowledge the long list of failures and temper their excitement based on what has happened in the past. the reason why so many lth's are bitter is because they once believed in the potential that roach was promoting and then got burned multiple times over. so imo it's best to acknowledge that txp have failed miserably on delivering potential to date.

so to put it simply, i have averaged down because the company is on a very good fundamentals footing below 20p in terms of value. and the future value to unlock is significant providing roach and co can get things right on a regular basis. this is why i have been saying for many months that a re-rate will depend on casc wells being drilled in succession on time, budget and forecast. so the answer is simple as to why i now hold 900k at 22.65p.

hardole, given you have such a distaste for my foul language all i can say to you dear sir, is f@ck off 'lol'. your contributions to the board have been nothing other than ****bagging lth's who are quite rightly p!ssed off over performance, and more so by the duplicity of roach. the bald faced lying pre 25% capital raise was other level, even for him. anyone who has been holding here for more than a year and has an average +30p, has every right to vent their anger on this board.

johno, i recognise the other wells. but the guidance provided last year is what the bod need to be held to account on, and not the fast declining wells they have drilled (some with recurring issues such as using the wrong equipment or damage to the well). otherwise in a year or two with some more casc failures are we to be celebrating still the fact they actually drilled a couple of wells on time and budget...? that's not what they get paid to do in my book.

sirmark, where are you at the moment with l2, or are you using your trading pot to bank 10% (again)...? we've got months before any re-rate could occur, which will depend on casc success. and the re-rate could be penned in by the recent major holders depending on whether roach has found some vultures for our books. i still wouldn't sniff at 25p but folks need to remember the sp can easily be manipulated by such big holders.

SS, once upon a time the RE-DRILLING of a well may have been good news. But we need to keep in mind this well has been getting drilled for 5 months now. And Roach and Co. are pretty good at creating problems. When the well is hooked up without issues and flowing at a decent rate of +15mmcf initially, then it's good news. The spudding of Casc 5 would also constitute good news thereafter.

What a load of b@locks SirMark. You don't hold for multi-baggers. You just offloaded a big chunk in the teens and now you're back. It's absolutely fine to say that you have a trading pot and jump in and out. I couldn't care less, and well done if you are making money. But own the fact that you are doing this. And accept that people find it annoying when you give an hour by hour L2 update when you want another 10%.

Fwiw I'm not complaining about the sp. I'm now 9% off breakeven on a decent sized holding and there's nothing more I'd like than 30p. But I just don't see it happening for a long time as I'm pretty convinced we have taken on some 10-20% funds. There will be a lot of shares that need to land in stickier hands and that will require a lot of new investors. Otherwise we could be stuck in the mid 20's for months. Some cracking Casc wells and all bets are off. But that requires Roach and his f@ck up bod doing things they have rarely been able to do. Back to the teens by week's end is my bet.

Nice to see the sp bouncing above 20p. Goes to show what can be done with a few PIs adding 1m shares in the space of a couple of days. Question is whether it will hold above 20p, or will some of the folks buying recently will take their 10% off the table. My money is we'll be back at 19p by week's end. If you're making money Sir Mark then it's fine by me, but the ramping then disappearing act is pretty f@cking annoying.

The good thing in this little test run is what the sp could do if Roach and his fat bod actually drill some decent flowing wells in the coming months. We've been having more comments than trades most days, so there's clearly quite a few eyes on this stock waiting to enter. Just a sniff of good news with Casc and I can see a run to the mid-20s very easily. Whether we break 30p will come down to the new major shareholders on the register that Roach will not name. If just one of them is happy to take a 10-20% gain then it will be a very long, hard climb back to 30p. And still we wait... AIMHO GLA

You landed in the same place as me Lukee. They should do both. I would lean more into BBs with available funds. Better to have fewer shares in issue by buying at these stupid lows, than trying to get an extra $5-10m off the debt pile. The sp will be better supported by putting this money into the BB program. If EBITDA rebounds in 12 months it will be easier to service the debt, but harder to buy back the shares in any meaningful amount without paying twice as much. Sp being at least in the 70's also means any offer will need to be at a £1 to be considered.

I simply cannot believe these useless f@cks are going to provide no update until September, especially when the last one was them saying 'we think £XXm but really don't know'. Who the hell runs a company like this?

issue is the clowns in charge also need to balance eps. they should make the debt figure look better. but they should also go hard on bbs to help mask the 30% drop in ebitda before the promised rebound. with prices this low they can pick up 1.5-2x the number of shares they were buying in bulk just a few months ago. this represents very good value and will have a greater impact on eps versus an extra $10m off the debt pile. just think if these f@ckwit mor@ns didn't spend +$30m on a loss making business. how in god's name are exco members involved in this deal still in a job...?

mgt and ir need to pull their **** together and provide the market with some kind of update or outlook.

I'd go further than 'strange one' Straight. I must admit that I missed this statement in the last clusterf@ck update they provided. It's absolutely shocking shareholder mgt, especially given what little information they have provided. The state of the sp. And the fact we're all wondering why BBs haven't kicked in (given the state of the sp). Their guidance has effectively been 'we're dropping EBITDA by 35%, but we really don't have any idea of where we'll end up'. Simply not good enough. Smacks of an inept mgt team hiding and hoping things will get better.

correct dunder. and for anyone who is p!ssed off about the state of affairs and the sp then i suggest that you email the fanboy club to express this to roach (oog luck), and/or send an email to ir.

stas, i don't think anyone is disagreeing that we should wait for actual news. but what news would that be exactly...? have they finally got the pump sorted for casc 3? have they finally started drilling casc 4 again because they had the wrong mud...? have they started pulling together updated guidance...? the issue is the clowns we have given our money to cannot even drill a hole or have one optimised. and the guidance should have been immediate, especially given the delay to the acquisition being finalised, and the state of the share price. and with all of these things we have to trust they will actually get casc 3 & 4 right. and then we have to trust they can actually drill a hole for casc 5. and they can successfully drill two economic wells in cb. when you have this many 'what if's' combined with so many 'dog ate my homework' past excuses, it's hard for any reasonable lth who has lost anywhere up to 80% of their investment to be happy with the mgt team and a sp @18p post a 25% raise (that wasn't going to happen). and still the fat bod get paid.

i'm going to stay away from this ****show for a while as every time i post it gets me p!ssed off for the lths here. i'll let you know if i've averaged down any further. fwiw my max is 1m shares, which is far beyond what i'd like to be holding. roach sure can spin a story. gla

What a load of b@llocks Stas. And I'm hardly 'quietly accumulating' if I'm telling you that I'm doing it. I've averaged down not because I fully believe in the story (hard to do with such a history of failure), but because I believe the sp to be oversold and I'd betting that Roach cannot f@ck things up any further because CB puts a decent floor under the sp. CB Roach and his useless team have had nothing to do with, so it's far more likely to be reliable.

Having said that we're still waiting on a pump for Casc 3, and Casc 4 hasn't even been drilled yet (5 months and counting), and will end up costing twice its budgeted amount. They just diluted the hell out of the company because they didn't have cash to expand, unlike what Roach had said about production being 'self-funding'. He also said there would be no raise, and yet $20m worth of shares have just been listed. What planet is someone on to be saying that mgt are doing a good job? Or trustworthy? It's f@cking appalling mgt and there's no way of sugar coating it. Until they get their acts together you will have investors who have been sucked in by Roach's lies that will be quite rightly p!ssed off. You, on the other hand, have recently arrived and don't suffer to the same degree as lth's. I'm in a similar boat, but I believe in calling a spade a spade, or a muppet a muppet in Roach's case.

As I've been saying for quite some time, until Roach and his fat bod can drill back to back wells on time, budget, and forecast, you'll have negativity here because investors are simply stating facts of past and continuing performance. And on the fkip side you can expect postivity from all sides when they actually execute Roach's promises.

The sop is going to do absolutely nothing until we get news on Casc and they give us the revised guidance. And why are we still waiting on that btw? You'd think for +$20m they'd have done so much due diligence that once the deal was agreed, they would release updated guidance. Mgt are clowns until they start developing a track record of success. And CB doesn't count for that, and I don;t agree it's transformational because it relies on Roach and team to expand production to get a decent return. It's Roach saving his job because they're unable to even finish wells in Casc, and he clearly has no idea about the numbers if we had to raise $20m to keep the drill bit turning. Central is safe and reliable, and until we get a few wells in the area we won't know how much of a cash cow it COULD be. TXP is a risky bet, but the odds are considerably better with CB.

Oh and the Discord fanboy club should be reading the riot act to Roach instead of fawning of the car salesman for giving them some time. The fanboy club now own 25% less of the company and the sp is now at unbelievable lows. We now just need to wait and hope. I don;t see us breaking the 20's until they give some +ve news on Casc. Keep in mind Casc 4 could be abandoned as the clowns are only now starting to drill

Let's hope so Lukee. Bizarre they're not doing BBs at the moment. Another question for IR.

Rossanan, well said on your last post.

Not sure what the Discord fanboy club are saying to Roach about the current sp. I get the sense they're so excited to have direct contact with the CEO that they're going very soft on him. He gets a 'D' for his performance to date. And the only reason he isn't lower is because they finally got the infrastructure built. Central we don't have enough information to understand whether it's a good deal or not. After a couple of clean-ups and new wells we'll have a better idea. But there's not much point having all this capacity if you can't drill a f@cking hole on forecast, time and budget, and that goes for Casc and Central. I'm almost waiting for calamity Roach to come back and say Casc 4 has been abandoned. The history of past failures here points to it being a very real possibility. Crazy to think we'l have to wait at least another month just to get news on Casc 4. Then we have Casc 5 and Central to come. End of year if we're lucky given how these guys are with timings. Any other business and Roach would be out of a job.

sturm, why don't you try selling the proposition here rather than just ****bagging investors who are looking in the rearview of what has happened, rather than what could happen. when you've had years of disappointment it tends to be better looking at the past to get an idea of what the future coudl hold.

so give us your pov on the investment thesis here, backed up by what could happen. start with the question you just posed - what is the return on an average casc well. i, for one have no idea what 'average' looks like as we've been drilling a well for 5 months and it will now cost twice what we have been led to believe is the 'average' cost. come back with what we have seen from production on our other casc wells and give us your average. then we can discuss if this is realistic or not for casc 4 & 5. remember these ones were meant to be better because roach and co. are now experts on trin geology and our casc acreage.

well it wouldn't look good for starters. and they need to give some guidance on the remainder of the year, not to mention when bbs will re-start. they have literally said to the market, we think we will hit £xxm, but have no idea. that's clearly not good enough so i expect some sort of update given we are close to half way through the year.

as i've said it's either because they are not all over their numbers, and it's another ****show; or they have a t/o offer being kicked about. my rose tinted glasses are pointing to a t/o offer as the numbers should have been known weeks ago. bbs being held could have been a condition by the purchaser. the pessimistic view is the cash is being built up for a drop back to the low 50's where they will start hoovering again. that could explain the delay in results, but again feels the less likely reason. who knows. these guys are absolute jokes so it's a coin flip.

agree dunder. i3e and here are completely different. for starters they were amazing operators and deal makers. the two deals they did in canada blow cb out of the water. but most importantly, they were fantastic operators. roach and his massive bod are nowhere near this description. they are walking calamities. the sp tells the story. this is reality (for now).

until they start drilling some decent casc wells on time, and on forecast (budget and production), we won't get past the placing price. keep in mind they are still drilling a well that is 3-4 months overdue and at least double the cost. that's absolutely appalling management to not even use the correct drilling mud in a geology they supposedly know more about than others. current reality.

if they can get the next 2 x casc wells right this will make the mid to high 20's. central is a slow burn, and that's if they can make it work. the past we can talk about with certainty. and it's nothing other than broken promises and poor execution. the future we absolutely cannot speak about with certainty due to the clowns running this company.

i'm a large holder here at 900k shares. my average is quite low at circa 22.6p. there's nothing i want more than to see this back in the 30's. but even with rose tinted glasses that's 12 months away if they execute casc 4 & 5 and central on targets. and the 30's will also depend on our new major backers not being in this for a quick buck. even if they trim their holdings for gains (most funds will do this), you're looking at a minimum of 10% of shares being flipped for 20% gains in the mid to high 20's. so it's going to be a long slog. anyone in i3e knows how long it takes to churn placing shares. and they executed brilliantly for sometime before we saw some decent sp moves. i got into many a fight pointing out this reality with posters on the i3e board. anyway, this goes into the bottom drawer for 6 months. let's hope they get their **** together with casc because that's the play where we will make serious gains. gla

Aligator, the simple answer is we have a mgt team who cannot execute. If they can put together back to back successful Casc wells then we'll see some serious movement back here. There's nothing more to it. The reserves don't count if they're a) being reduced, and b) cannot be extracted. The mgt team need to get their f@cking acts together. And the bod needs to be culled. Embarrassing having that many snouts in the trough of a serial underperformer. Lifestyle company until proven otherwise by actions.

Some decent sized trades moving about the past two days...

rpoodle, watch the most recent interview. They have cash and a loan facility. I imagine (hoping) they are waiting for some stellar results before they raise again or take on a bigger loan (or partner). Again, the interview suggests the flow tests and He% are going to be impressive. Anything near 1mmcf and 5% He + 70% CO2 and you've got at least $13m per well per annum (@ He = $500mcf, CO2 = $20mcf, and 330 days production). There will be declines but you can see the sprts of numbers that can be generated per well, with the significant CO2 supplement. Not long to wait now.

And for once, the market appears to have no idea on what is happening given the low volume trades bouncing around 70p. Let's hope they're in t/o discussions. This f@cking mgt team...

wtf is going on here? these useless pr!cks had better be working on a decent t/o offer and not holding off on some ****house set of numbers, even more ****house than what they have guided the market on already. they should have had them ready weeks ago. so why the hold up...?

I've been saying it for a while now, but the sp will remain on its knees until Roach can demonstrate an understanding of the Casc geology. This will only happen with Casc 4 & 5 not being f@cked up any further. No more dog ate my homework excuses. If it continues, then it will be plain as day that Central is a sleight of hand job done by Roach and co. to take attention away from the assets they have built being a failure. The Central assets they had nothing to do with, but I seriously wouldn't be surprised if they f@ck them up as well. I picked up another 50k at 18.35p earlier. Now on 900k @ 22.6p. More failure at Casc and the sp could drop further to 17-18p. Central will keep the sp buoyant given the steady production value. A couple of Casc successes and the re-rate to the low to mid 20's will be quick. Anything more than that level will depend on who picked up the massive chunk of the business recently. I was unable to make the interview the other day - did Roach mention anything about the 2 x new 'reputable' IIs on the roster?