Member Info for G_G_G

Yeah the HEX results were very good. I think the bonuses here are the He%, which you can multiply by HEX's flow test results depending. Really just depends on whether they average 5% or 10%. The other thing people are missing is the huge CO2 %. This in itself is worth 50% of the He value and throws off similar commercials to the HEX Linda 1 well on the CO2 alone at 1mmcf.

Stas, thoughts?

Stas, have you looked at the recent interview? Go to the questions section. Thomas was asked what he'd like / expect to see from the wells and he intimated +1mmcf @ +5% He. From the interview I was left much more bullish on what to expect from the flow tests. Either that or Thomas is going to have a lot of egg on his face. For reference 1mmcf @ 5% He and 70% CO2 for $500 and $20 per. mcf respectively for 330 days = $8.25m (He) + $4.62m (CO2). So circa $13m per well. I don't see these numbers being too stretching either. Basically, 4 x wells at this level would pay for a first-class plant ($45-50m) and the wells ($2-3m) in less than 15 months at the high end.

Would be good to get your thoughts and any red flags from what we know already. I'm struggling to see any, but that could be from my rose tinted glasses.

Glad I got one of the herd over here.

Chesh, my breakeven is around 27p but my shares are TSX based. So I'm about 10% in profit. Cross-ramping is one way for you guys to make money. Have you taken the time to look at this company and all the background information? If you did, you'd be thanking me with the sp at this level. I'll come back over when they announce +1mmcf per well @ 10% He and 70% CO2. You're talking about $25m per well. No water. No nat gas. US based. Local Government completely on-board. There is literally no He comparison to it. And the kicker is they drilled half the depth of JS1 and it delivered 830mcf @ 14% He and 70% CO2. The well is now twice as deep and we're led to believe the He is more concentrated at lower intervals. Do some reading and then come back to discuss.

I truly hope they're not holding off because they are about to drop a stinking Q1 update and waiting to mop up in the 50's again. My hope / prayer is another offer in the b/g and they have been asked to hold off doing any BBs. This mgt team are muppets so who knows wtf is going on.

Some nice upward movement. Hopefully an insider accumulating ahead of something decent for once.

completely agree crl, i think it will be more of the usual gumpf from roach. what i do want to hear is some concrete timings on when casc 4 & 5 will be completed and hooked up. i also want to hear when they will provide updated guidance for the year. otherwise what's the point? just roach trying to placate furious shareholders.

aligator, i'd like to see every ceo held to account for under-performance. the issue we have in modern business is confidence men get to the top not necessarily through results and merit, and then it's hard to get rid of them. others below them get nailed to the mast for not delivering on the exec team's claims. as opposed ot the exec team getting nailed for not overseeing things so that mistakes are avoided or minimised. otherwise what's the point of paying these f@cks so much money? i've recently worked at a ftse 250 where the share price is below when the exec team joined 8 years ago. they have paid no dividend for half the time, and then 1.5% for 4 years. they have laid off lots of good people. and the industry has gone through a windfall scenario (healthcare) since the pandemic ended. during the pandemic the company had all costs paid by the government. how the f@ck do the exec get paid in excess of £1m per year, per f@ck up...? i've seen behind the curtain with these guys and i can assure you that they didn't get to where they sit through intelligence and great decision making. just self belief and arrogance.

as for pb and his useless bod, well someone should get nailed, but sadly losing pb would probably incur greater harm to the sp at the moment. his 'connections' and the fact the sp would get smashed is what's keeping him in a job. so we're stuck with the **** until something better comes along for him. lifestyle company springs to mind. hopefully he can get something right soon and the assets will eventually outperform his incompetence. cb seems like the type of asset that will do this, but remember it's nothing to do with roach. that's all shell.

Those 2 x 25k buys were mine. Now holding 850k @ 23.1p. Figure the sp cannot get any lower (he says).

As for tomorrow, there's nothing to say we will receive revised guidance. We should have received it the minute the deal closed, as they've had enough time to run the numbers and produce a detailed guidance for this year. Alas this is TXP so we'll likely receive it in another 3 months when we're still waiting for Casc 4 to be finished. I'm in deep here and I refer to PB as Paul Roach for many reasons. Until he starts delivering, he will remain in the company of Roach and Betts of PREM and HUM fame. I'll be joining tomorrow.

Still waiting on the numbers. Bid? Completely lost track of their finances? Both could be correct with the clowns running this company. One would hope they sandbagged this year's guidance given the misses of late, not to mention the disaster that is Shinez. The fact some senior heads haven't rolled on that f@ck up is beyond me. In what world does a shockingly bad decision as big as that get made and no-one gets binned? Senior mgt need to over-deliver from now. Or a bid for +£1 should be enough for most of us to lick our wounds and leave.

In the presentation, the central wells were 18 month time frame. Not sure what that says about Casc 4 & 5 timing...?

Stas, I agree with your thinking, but the big IF is the issue with these f@ck ups. Your average isn't far off mine at the moment. How many shares are you holding now? An extra 100k at 18.5p and I should be down to mid 20's but holding the best part of 1m shares!!! Hard to put more money in here as I think we'll have an anchor around our necks from the placing for at least 6 months providing they execute as planned.

Tobin, I took it to mean Coho, hence my comment in the last post about the price not being capped. But with Roach, who knows...

Johno, glad you have a LT outlook as you'll need it unless you get your average down to the mid 20's. The Casc wells are based on the useless execution of Casc 4 to date. No way I'd say 3 months when they cannot even get Casc 4 completed in 5 months. I notice you didn't mention anything about the Central wells being in 'the next 18 months'...? What do you make of this? And if we're throwing off the levels of cash that Roach has mentioned would have sustained a continuous drilling plan pre $20m raise (that's $20m!!!), then why don't we have more wells being drilled this year into Casc....? He's been telling so many lies that $20m is what was required to dig him out of what would have been a balance sheet disaster.

Stas, what are you holding and what's your average? I figured you were below me. Agree there's f'all PIs with more than 200k shares that have averages near 20p. We've all been shafted by Roach over the years, so the best that can be achieved is getting an average down to the low 20's by seriously averaging down now. Problem is he's such an untrustworthy snake oil salesman that I'm not sure whether this is the low or there's some other monumental f@ck up to land. Clearly the balance sheet was a mess. Who knows where we sit now as all the rubbish he was spouting has turned out to be untrue. How untrue is the big question.

bloody hell johno, that's a very high average. sorry to say it but there's no way we are getting back to that level in the next 18 months unless there's a t/o, which i would estimate at being around that number. obviously an opportunity to average down but you've got over £500k in here. i'd fly out to trin and break roach's legs for doing that to me.

as for the presentation, the issue i have is listening to paul roach and not thinking of every time he has said these things and it not happening. the man is either completely full of ****, or a combination of incompetent and full of ****. couple of things stood out, namely the extra 2 central wells were stuck down as the 'next 18 months' i.e. it's not going to happen in the first 12 months like some are saying. now if this wasn't txp talking i'd think that's horrendous timing, but given their inability to tie a shoelace in a reasonable amount of time, i'd say this it is mind bogglingly delayed. the 4 x workovers they have at 'initial 12 months'. so we need to wait 12 months before there's an extra what, maybe couple of hundred boepd net to us...? and then we get the 2 x new wells...? on this slide it did show the upside of being able to process coho gas via central, but that's relatively small and not for 18 months after the pricing contract lapses. so what the f@ck are they doing with wells being drilled in the next 12 months - is it just 2 x casc...? is that all the $20m capital raise will get us? balance sheet must have looked like an absolute disaster to our 'friendly bankers'. no wonder they wouldn't loan us the full amount, especially with this mgt team's track record.

bottom line, this isn't getting back to 30p for another at least 12 months. and that will require more than 2 x casc wells being successfully drilled. we also have considerable debt for a company of our size and mgt team with a track record of other level incompetence. and there's no exploration upside as all money will be very slowly used in a 'drill to fill program'.

i'm in two minds as to whether i average down further. if i buy another 100k i can get to 900k at 22.65p. reckon i'll get my money back in 6 months, and maybe a bit of profit if they execute everything on forecast. it will be at least 6 months before we get any news on casc wells, and i'm not even holding my breath on this.

as for the guidance and reserves update, where the f@ck is this? and let's not pretend they shouldn't have had this ready the second central dropped. unless of course they've just started working on it, which would mean another 3 months if we're lucky. what the f@ck does this bloated mgt team do all day??? roach and his team of clowns shouldn't be in jobs. sadly his connections in trin mean we need to put up with him. holding and hoping is the only way here.

That's quite a holding Johno. What's your average?

Awfully late this year with Q1 results. You can never tell with these muppets as to whether it's because they don't have a good grip on financials and trying to massage the numbers, or there's something else happening in the b/g. I'd love to think that something else is a t/o offer, because the alternative would be catastrophic given mgt's complete failure to do their jobs in the last 12 months. Also good the sp direction in the run up to results is +ve. The insider trading if it's happening again, can only mean good things coming (he tells himself).

us market looks to be dragging this down now. really hope they're not about to spring another surprise on us in the next update. surely things couldn;t get any worse. this mgt team have an appalling track record across the board. they need to get their **** together.

What's the link to the discord fanboy club?

Hardole, at the moment txp is a dog, just look at the sp, which is based on the complete lack of execution by an inept mgt team. My investment is on 'potential' post Central, and it providing enough runway for f@ckups like Roach and his clownshow to get to grips with Casc. In case you haven't worked it out yet the sp is 10% below placing because of the monumental mess at Casc 4. If they get this right the sp will reflect the 'transformational' Central acquisition and move into the mid to high 20's. Casc 5 results will provide the evidence of Casc execution, which at the moment is likely to arrive at the end of the year. Plenty of time to accumulate in the teens. I'm doing so now in case there is a t/o coming sooner.

Couple more questions for the Discrord fanboy club"

1. When will we receive the updated guidance and reserves profile for the company? One woudl have hoped they were workign on this in the b/g so should be arriving soon. And that's not txp 'soon', which would be next year at their historical rate of geting things done. One owuld expect this will be favourably received by the market, so should be released asap.

2. What will be the order of drilling the additional 3 x wells this year? Is Casc 5 first off the rank or Central wells?

stas, interesting point regarding t/o. i personally don't see it happening anytime soon as they would know the retail side needs convincing, and there would be a lynch mob out for paul roach and his merry bod of clowns if they came in with an offer below 35p. having said that, i did see it happen at shg. i think if there was to be any offer it would be in about 6 months when the dust has settled on casc (hopefully) and we get a better idea of central's real potential i.e. not what roach says, but what we can see in the results. the share price will be in the mid 20's and an offer of 35p could then be entertained. right now 25% in t/o predator hands wouldn't be enough.

fwiw, any views on who is selling at the moment? i just picked up 50k at 18.74p so there's a big seller about. to my mind it's the placees droppign some cash. thsi could be for two reasons 1. they want the sp lower to scare retail and buy more - as many have pointed out it's not a lot of volume required to manipulate this dog 2. they want to manipulate the sp lower for a t/o 3. they had to take on more than needed to participate and hence dropping their excess. this may make their average go up to 21.5p, but this would still be a great average to have if txp can finally execute their plans.

for the discord fanboy club. here's a few suggestions:

1. why did they need to do a last minute placing? did the so-called close banking partner bank say they don't trust the bod to pay back the loan with the inference being they're so **** at execution even their closest partner doesn't want to give them too much rope...?

2. why no tr1's? the very reason why they exist is about transparency - why are the directors not pushing for these to be released? it would be almost unheard of for there to be so many under 3% owners from a 25% placing. if roach suggests it wasn't last minute then take him up on why he lied to their faces on no placing being required.

3. what sort of muppet cannot get their head around trin geology when 1. it's the 5th well in the formation, 2. we are the 'biggest on-shore producer' 3. the correct drilling mud appears to be a pretty amateur decision not to have made - the cost saving has more than tripled as a loss because the merry team of muppets chose wrongly. and that's not including lost production and the drill not being available for casc 5. f@cking clownshow.

4. tell him he will be referred to as paul roach until he delivers on his words. this is the company he now keeps from an investors standpoint, which can be seen by the share price decline to +5 year lows even after a huge placing at close to 15% higher than the current sp.

ask these questions, and i'll no longer refer to you as a fanboy club. you might also give roach and his clowns the kick up the @ss they need. i now hold 800k shares and you can add me to the list, although i'm clearly not a fanboy.

also, where is the link to this call? or is it a little private tet

some more interesting price action. someone is scopping up shares but trying to keep a lid on things. certainly doesn;'t point toward another ****show of an update.

I have this as the lowest volume day in the last 3 months. Probably for the last 12 months. Not sure what that says about the results that are due. I'm hoping the delay in the results being released is because we're about to get another t/o offer and not because they have no grip on their financials and/or trying to make a mess sound better. We've had some strength the past week or two so that's a positive, although volume has been very low and movement probably from algo's kicking in. Can't be long now until we find out.

Let's see what tomorrow brings. Because if we drop into the 17's and volume is still high then I'd argue that it's not PIs doing the offloading. There is no-one that has more than 100k shares that is selling at a profit. Funds with deep pockets can afford to trim their holdings, especially if they have been surprised by Roach like we have been. The surprise being Casc 4 is a disaster.