Member Info for G_G_G

Yes I'm suggesting they could be the source of the selling. The sp has sunk 5% and safely at 5 year lows the day after shares were listed. Volume is top 3 in the past 3 months. Could easily go top 2 with some late reported trades. So yep, I do think it's fair to call out the new holders as the potential sellers rather than pinning it on PIs.

I mentioned that I'd be referring to PB as Paul Roach. I think it's time for the bod to be renamed as well. I'm going for 'board of useless f@ck ups'. So boufus'. Has a nice ring to it.

I think the point is the sp will continue to be depressed until Paul Roach and his merry bunch of clowns actually deliver Casc. The market literally holds its breath every time there is a drill. Something usually goes wrong. It's never on time. And always disappointing. After drilling nunerous wells in Casc we were told they have a good grip on the geology and where to target. Turns out they can't even get the drill completed. The worst of all drills is the one we're still waiting to be finished. The team are absolute jokes, and until they can demonstrate they know how to execute the sp will be f@cked. The market has heard the words 'transformative' from these clowns so many times over the past 5 years and here we are breaking new lows. And that's after a 'transformative' deal. The sp has no more road left for f@ck ups. They simply must deliver from now. The discord group needs to grow some b@lls and get angry with Roach rather than fawning over him and the fact he is taking the time to speak with them.

Oh and the sells the couple of +250k sells today - who do we think has dropped them into the market...? The day after the 75m shares were listed... Could our new major shareholders be taking money off the table one day after they have received their shares...? Either way it's a horrible look for sells of that size to be going through at that price. Roach and his bod of useless f@ck ups should be ashamed of themselves.

agree with your last post aligator. for those who have bought in recently with low averages, i'm sure it's easy to be positive and forward looking as many of you will have no idea about the scale of pb's bull**** over the years. someone needs to tell me one thing pb and his useless bod have executed on time, on budget, and on forecast. this is why a 'transformational' acquisition has done nothing for the sp. the market thinks the mgt team will continue f@cking things up and have little confidence in them being able to execute, and quite rightly so.

for those of you who say 'why not sell out'? it's a pretty simple answer, it's because people don't want to crystallise a loss at the bottom. the damage has been done. time to sit and wait, and if one wishes to, vent.

johno, no i don't think the production results were too much of a surprise to the new major holders, or me. i do, however think they were likely caught off guard by the casc 4 mess. i think most on here would say the same. it's truly a diabolical f@ck up to have spent 5 months and $6m for a well that is still on-hold. clownshow doesn't quite sum up how useless these guys are at execution. the sp will remain at these levels until they can show they are capable of drilling a casc well on time, on budget, and at forecast. something these tw!ts haven't done yet.

pb has also shown himself to be very untrustworthy. hard to invest when you have a george roach type character heading up the company. doubt we'll breach 25p before end of year. if we do it will probably have nothing to do with pb, and more likely the government doing something to help. or a low-ball t/o. this is realistic now we have some new holders with a 25% stake. certainly a quick way to make some serious money, if that is their plan. gla

Agree jfk9, they would not have been privy to any production numbers before the market. Having said that, the production results weren't all that surprising. The left field f@ck up was Casc 4 still isn't being drilled. And it has already cost $6m. This is unbelievable incompetence for so called TRIN experts on their 5th well. Absolute f@cking clownshow. Paul Roach has lost all trust from the market given his downright lies. The question is whether he and his merry band of muppets can get anything right with Casc. So far they're proving themselves to be absolute amateurs on execution.

i think there might be a big b/g buyer here. i dropped 2 x 25k chunks today. both near the ask for the full amount and the sp rose after each sell. i'm done selling now. will roll the dice on wtf is going on and sit until we get the next set of results. hopefully there is another bid incoming and / or they have started getting their **** together. one would hope that things cannot get much worse. gla

You're being far too forgiving Johno. They've f@cked a lot of things up over a number of years. Casc 4 is ridiculous to make such a mistake. As it stands the well is going to cost near $10m. Then add the amount of money that we're not making because of this f@ck up, and the fact we are drilling nothing else. The mistake is going to cost the company a huge amount of cash and lost income. Absolutely pathetic execution. And we don't even know how it's going to perform because there is no consistent track record.

I do agree with the new holders not being sellers, at least not until they can make +10%. It's PIs doing the damage at the moment, and they have been propping up the sp for years now. The good thing is the company debt load is manageable and cash position is sound so at least we can afford more mistakes and missteps. Based on this alone one can only hope we're at the bottom.

Even Malcy couldn't put a positive spin on things yesterday. Perhaps they need to fly him back to TRIN and feed him a few more burgers.

Whoever is representing PIs on Discord needs to pass on some choice words to Roach and stop kissing his @ss. Either that or invite me along to the next call or powwow. I have 750k shares now so a pretty big PI. No doubt I've put more of my money into this company than most of the fat bod, who get free shares for doing f'all.

Not mine Stas. And I'm more likely to average down than sell at this level. All I'm saying is that PB and his fat bod have proven themselves to be untrustworthy. And they're most certainly incompetent. With Central and the placing they have breathing space. But for me to say they'll suddenly be able to execute Casc and Central would be laughable given past performance. You literally hold your breath every time they drill something. It's always late. There's usually an issue or two. And the production rarely exceeds expectations. They cannot even get a t/o completed. TRIN ended up costing us a couple of million pounds. It's outrageous incompetence on display time and again.

The placing provides new investors with some comfort in knowing TXP is not indebted to the point that a few bad wells could create a death spiral. But to be spending near $10m on Casc 4 and to be thinking it's going to be a disaster is shocking. One thing's for sure is we're not going to be breaking 25p until next year, providing Casc 4 isn't a write-off (very possible), and they can actually drill and hook up the other three wells this year. If you're f@cking things up at +$5m per well the $20m placing won't get us very far. It's hold and hope now.

i think the bigger point is how bad does an investor think things are to be selling +500k shares at 5 year lows.

pb is an absolute disgrace. a bald faced liar. there is nothing the man says that can be believed. you cannot 'invest' here. you just need to time things or hope the team of useless f@cking !diots manage to drill a well in the right place, without any 'dog ate my homework' issues with it.

for me the production numbers weren't a surprise. but a side-tracked casc 4 that still hasn't re-started drilling and has already cost more than $6m speaks to mind-bogglng incompetence. these charlatans talk about having long term experience in trin, biggest on-shore producer etc. and yet they still know so little about the geology that they cannot even get a drill completed, let alone without issues, let alone on time and budget. and yet this little company has such a fat bod. lifestyle company sums it up perfectly.

paul roach and txp have officially become one of those aim companies i.e. timing and luck is the only way you'll make money. think dan betts and hum. george roach and prem. lenigas... casc appears to be such a monumental ****show that central being a 'sleight of hand' trick has become quite obvious. don't expect the sp to react positively to the deal being done. some lucky wells, but more likely external factors are what will make the sp move now. these would be improved tax breaks, gas pricing contract, or take-over. the fat bod are incapable of driving value here, they'll need someone else to do it for them.

Useless f@cking site is adding full stops with every punctuation point, and removing capitalization before anyone points out grammar errors.

hit post before i was finished. meant to say txp are a small producer with f@ck all ebitda being generated, and yet it has one the biggest bods i have seen for such a poor performing tiddler. paul roach is f@cking useless, and that's putting it nicely. they have clearly tried a sleight of hand trick with central. something i feared they were doing with trin. they are simply saying hey don't worry about the fact we have no idea how to execute and monetize casc, look over here at this new field we have bought. so much for the 'wall of cash', or more lately 'self-funding expansion'. we had to raise $20m to fund expansion. not $5m or $10m, but 25% of issued shares. says a lot.

as for those saying the new investors would have done their dd. yes this is correct to a point. they wouldn't have had eyesight of the ****house production figures just released before the market. so to say they knew this was coming would be false. you also need to keep in mind that paul roach is a world class bull****artist. so they have likely been suckered in the same way as the market was with him saying everything would be debt funded i.e. production expansion from existing fields plus central. instead we have a huge raise, and that's after central long stop had been pushed back. the discord group either need to take roach to task over his duplicity or disband. no point speaking for pis if all they're going to do is eat up his bull****.

back to jam tomorrow with 25% more shares, double the amount of debt, nowehere near the production figures being touted just 12 months ago with central, and still absolutely no idea whether these clowns are even capable of drilling wells, let alone maximizing production and managing them efficiently. absolute clownshow. we'll be below 20p for at least 6 months folks, so get used to it.

quite a few things in this rns that are p!ss poor, even for paul roach. the production numbers are as **** as i thought they would be. the big issue for me is casc4. the well that was meant to be drilled 5 months ago. that is going to started being drilled again at the end of may. and appears to have cost over $6m to date. this well is going to cost $10m to drill. and we don;t even know if its going to come in better than the last ones. remember paul roach mentioned they now know the geology and how to manage the wells so much better. well it turns out they have no idea on how to stem the declines on the existing wells. and worse still they cannot even get the correct equipment to get the fourth casc well drilled. i mean you really couldn;t make it up. crazy to think this is the smallest producer, with f@ck all money

Also took another 25k at 19.5p.

Very easy to buy as well. Lots of seller about it would seem.

The 35k and 25k buys were mine at 19.6p. And the 25k at 19.4p plus the 25k at 19.5p. Seems silly not to go for 5% below placing price. Holding 700k at 23.75p average. Will need to wait for 6 months before I make any money but it seems a fairly safe bet for 10-20%.

Looking forward to seeing new guidance with Central closing. Production and net debt by year end are key for me. Unfortunately Paul Roach is seen as a complete charlatan at the moment, so even with stating 8-9kboepd I'm not sure anyone will believe it. Debt levels are hard to estimate because we have no idea what we've been producing for Q1 or likely to produce for Q2. We also have no idea about what can be produced at Central with two new wells, and the associated pricing. And then of course we have the shambles that is Casc. Central will come with 6 months of production so that in turn reduces the purchase cost. And we have an 11 month interest only clause in the loan agreement. Absolute dogs dinner. I would hope that net debt is circa $45m by year end, but who knows with the way things are run with this company. I mean they didn't even use the correct drill for Casc 4, which is now being side-tracked. I also get the feeling that Central is as much a sleight of hand as it is a strategic acquisition. Takes the focus from Casc, but then I don't even trust them to execute Central well. One has to believe the sp cannot go much lower than 19p. Even with the duplicitous clown running the show. I'm still a buyer v seller, but now adjusting my expectations for 28p by year end (all going well).

Any chartists here? Looks like we've moved above the first small resistance and the next is around 78p...?

Given the way this company has operated with insider information, I wouldn't rule out another bid incoming. Volume is low so would have to be someone slowly accumulating. If results and BBs are pushed back beyond mid next week, then I'm thinking a bid could be the cause of the delay...

Oh, I also said to expect the 19's, and so far...

You're correct Stas that we may have a cornerstone investor who decides to hold and not trim for 20% gains. But if we have an entity like Peel then expect to see churn. Either way all the PIs buying now will keep a lot of downward pressure on the sp. And then we have the +25% shares to be added to the register where major holders may decide to trim gains. I hope that I'm wrong and the sp jumps to 25p post Central and onwards from there with good Casc news. But speaking from experience we're going to be at / near the placing price for a while. Let's see what happens as I got into debates with folks at i3e over the very same thing and turned out to be right, and their deals were far better than Central, albeit they printed far more shares as well. Time will tell I suppose. In the meantime I'll be adding to my position in the coming days and then flipping them at 25p.