Member Info for G_G_G

Oh dear, now we're into the 22's again. Fast approaching the recent 5 year lows. Bod should be ashamed of themselves.

Agree, I don't see an extension happening. There's no reason to do so unless they are getting pushback from some major holder on the current offer and an agreement is very close. Either way just over 24 hours to go.

Still no formal offer. Seriously who the f@ck leaves it to the last day before pulling or formalising an offer? Surely the offeror would know whether they are going to go ahead by now.

SP is tragic. What are the next news items we're expecting, and when? I have financing end of March. That's obviously a huge one. Anything else in the meantime? When is the current Casc well being drilled expected to be finished and hooked up?

absolutely mind boggling this share. mgt really need to give their pr company a kick up the @ss. to be completely unknown in the uk market when there's dog**** like he1 attracting hundreds of posters a day is quite ridiculous. the fact they are not all over investor forums, proactive, doing interviews etc is the reason why the disconnect between here and tsx exists. that and the uk economy being a basket case. mgt and their agency need to do better.

Stas, I still hold 165k shares in this dog. I'm also more of a buyer than seller at this price. There comes a point where the market overly penalises mgt f@ck ups and broken promises and I believe it's that time here. As you know I have money tied up in other investments, which if they come good I'll likely add a few here if the sp is still in the 23-24p range. But this doesn't change the fact the mgt team have over-promised and under-delivered here over the years.

The post you have pulled up has been written based on the guidance they provided throughout 2024. It wasn't that long ago they were guiding for 10k 2024 average production and exit rates above 13k. Not sure what we'll be at now given they downgraded twice in H2 last year.

There's no way of talking up the disappointment v guidance by a bod the size of ours. Delivery of the Casc infrastructure, although late versus guidance, was the only real positive. But the lateness of this, the TRIN debacle, the lack of focus on Casc, has all cost investors dearly. TRIN cost us the equivalent of a Casc well in cash and mgt time. We're also behind on what they guided for Casc well only a couple of months ago.

Many of the posts here demonstrate what we were led to believe was going to happen, versus what is currently happening. You can go back further in my posting history (and that of others) to see what we were all expecting at this point, which was a long way from 23p. I do hope this will come good. But it's now more about hope, as my confidence in mgt is very low. AIMHO GLA

well we've got 3 days to go. yhal i'm assuming you have bought back in given you're not spouting the same level of **** as previously.

mkt doesn't have much faith in the next production update. as mentioned if it was good they would have released it. for such a large bod it's incredible how poor they have been in hitting production targets let alone engaging investors.

johno, i don't believe the company have released any numbers on gas prices, production costs, opex, capex etc...? if you combine all these things and allow for debt repayments plus interest i reckon the acquisition will pay itself off in 5 years. so not great. and certainly not the 2 years that is being touted on various forums. it's an ageing field and we also don't know decomm costs. and then you need to consider that production execution is not the fat bod's strongpoint.

as always there's a lot of question marks over the company and this mgt team also have a habit of springing **** surprises. hence with all this 'potential' the sp is now into the 23's. i'm not one to talk up a company that has underwhelmed so consistently. there's reasons for the sp being in the doldrums and mgt need to pull their heads out of their @sses and start delivering on their words the past few years. mkt is fed up with them, as am i.

I have similar suspicions Christo. If production is singing they would release the news.

I think the most important rns that may (or may not) significantly shift the share price is the debt funding being secured. This unlocks the extra wells in Casc, and pays for the Central block acquisition. Folks need to remember they can't drill Casc quickly without the funds being made available. From there they should have enough runway to start paying down debt, and build out production at a steady rate. How big the build out happens to be depends entirely on them consistently delivering 15-20mmcf per well. Plus having a better grip on how to manage decline rates. Central will just slowly pay for itself and provide a bit extra for exploration. Drill to fill can't start until funds are secured. This could take months btw. Ultimate rns would be they have re-negotiated the gas price with TRIN. That could add 50% in a few days. GLA

SS, I don't disagree with what you have said. The potential here is significant at today's sp, but it's down here for a reason. Until they can show evidence of execution that meets guidance the mkt is going to remain unconvinced. As mentioned I'm more of a buyer then seller atm, but won't be surprised if PB drops a stinking production rns in a few weeks. Additional funds will free them up to execute Casc only. Providing the wells payback as Shore has suggested then sp should be much higher. But they will also be carrying a decent amount of debt that needs to be serviced. And unless they have better control of decline rates they will need to be drilling wells to the declines i.e. not growing production. Upside significant but PB and his fat bod are a long way from convincing the market of the hockey stick scenario.

Anyone know anything about the additional financing? Was there an update on when to expect it, or is it just overdue by a few days and nothing has been said...?

thanks sm, so one can expect the sp to bounce unless they drop another ****show rns in the coming days.

johno, what they have planned and what they deliver are two entirely separate things. they've had a lot of things planned over the years. not that much delivery to date. they also need debt funding to progress casc at the rate you have mentioned. to date we don't have those funds for casc or central. so 'planned' effectively means nothing until they have got the funds. the minimum 4 casc wells this year is your opinion, and will not happen until they have the funds that are yet to be secured. expansion of central requires more funds, which will be required to pay down a fairly chunky debt profile for a minnow with a patchy track record. broker reports are best used in the lav, especially house brokers for a company that desperately needs support (as evidenced by the sp).

for what it's worth i'm more likely to be a buyer in this environment, but that doesn't change the fact these guys need to start backing up their words with results. market has zero faith in them and that can be seen in a ridiculously low valuation if they are to be believed on potential here. all talk and no results = no confidence. good time for those with a decent risk appetite, which may just be me if tig ends up with a firm t/o offer in the next week. i've got potentially £800k to release from that investment. but to say i have high confidence here would be a stretch. gla

Thanks for the update fellas. Is the link provided just now by Shareinvestment the interview / investor meet from yesterday?

Lots of 'I don't knows', but certainly very positive for the next few weeks. Resources almost certainly going to be upgraded given he mentioned hole depth increasing should have a significant positive impact on resources. JS1 has already been proven to have significant He levels at depth, perhaps even higher than the initial 14%. If JS2 comes in at similar levels then it's the depth that will add to resources. So JS1 great news. JS2 could make this really move.

Also said that resource size looks extremely promising.

We have JS1 depth results and JS2 deep hole in 4-6 weeks. PEA in another 5 months.

I didn't hear anything about additional financing in this interview - when is it expected?

Overall happy with what has been shared. Another $5.5m should give us leeway to drill another couple of wells and have working capital for the year. This of course assumes they don't raise any more funds (hopefully at a much higher price).

Good points Dartron. It's an absolute steal for 125p when you consider they can bank BBs in future. This all goes toward debt repayments or acquisitions in future. Divis they may increase but there's a big chunk of cash they can call on in future.

SP desperate to break upwards but getting pulled down same time each day by what looks to be a concerted effort to keep a lid on it. Not sure what to make of it. Only one more week before we get a formal offer (or not). GLA

SM, I haven;t seen a 150k sell pop up. How were the sells split this morning? Would be good to know how many of the 75 / 50 / 25k blocks were yours. At least then we can gauge how much of the sp drop was driven by your sells.

Complete f'ing shambles this company. I also don't believe a single thing that has been said by PB until I see it in black and white. All I know is Casc 4 has been drilled. There's no evidence of Casc 5 or 6 being planned. And there's no evidence they can get the cash to buy Central and/or expand Casc. I'm also not convinced we're getting a particularly good deal on Central given the debt we need to take on. We have no idea of decomm costs as well. For all we know Central is a sleight of hand job by PB and his fat useless board to take attention away from their failure to monetise Casc. Production and timings guidance have never been met the last few years. It will take a few successes for these clowns to regain any trust and confidence in TXP. Until then we will spike and drop on news between low 20's and high 30's. Talk of 60p is dreamland stuff given the number of things they need to deliver and their track record of under-performance v guidance (expectations).

SirMark, not a great look btw. Fine selling down but you should lay off the daily ramping if that's the case. AIMHO GLA

Hi Stas, what is this meeting? Did you attend? Any key take-outs?

Has the company confirmed that Casc 4 has been spudded and Casc 5 is coming next? If so it's quite odd to see the sp back down here.

Why would they instruct not to buy Dartron? The shares would be cancelled and have no voting rights so would make the major holders even more important in any decision making. Some f@ckers are having fun here making their 5% every few days. We've got another week before we find out what's what. BBs should continue unabated until a formal offer is made. Hopefully they kick in over the next hour to account for another odd drop (unless there's a leak). GLA