Member Info for MoneyDan

I can't make my mind up if he is purposely downplaying this stock or if he is genuinely out of touch with this stock. He is correct to state that the money it's being spent on the third well, but he forgets to mention the 4th well which might now be drilled simultaneously.

Just topped up another £2k @ 42.9p couldn't resist at these prices...just wish I had more free cash available... we all know where this share price is going in the short term so its a no brainier. Can't wait for the next RNS which should hopefully add roughly another 5000 boed to future revenue.

Great post danawinner. The placement was obviously coming, what with PB in London stating that he wanted to accelerate the exploration, whilst not wanting to fund it with debt. Personally I'm happy the placement is now out of the way without too much dilution. I've seen many a share increase in price after a placement, so long as it is for the right purposes (accelerated exploration) and I feel this could well be one such case.

Now we're cooking: https://www.instagram.com/p/B8PIdiOhVJZ/?utm_source=ig_web_copy_link

WTF... are you on the wrong board as these shares are ~41p and no matter how much I squint my eyes looking at the trade page they are still ~41p

haha I was just joking, it was obvious that it was just a typo. As for Groover I'm lost on his latest post.

Can you both please buy a calculator?

Groover: "Photo / SP retracing to 36 now. You may have opportunity. Even 30,000 shares is only £150. If they hit £1 each it's a good return"
MoneyDan: 30000 shares at 36p = £10800 ... but I agree if/when they hit £1 that will be a good return ~3 times your money

Kontiki: "£150? / Grover. Er , do the math. 30k @39p=£1170.00"
MoneyDan: Closer than Groover but still no cigar 30k @ 39p = £11700.00

Groover: "Kontiki / We're talking 0.36 here, not 39p"
MoneyDan: F**K me can you buy me some for that price please, as it’s less than a hundredth of what they are currently selling for.

I've been a big fan of Malcy over the years. However, I'm starting to think he isn't acting in the best interests of his blog readers.
He seems to rave on about shares that are high risk gambles at best and down play companies with real steady momentum in the right direction like Touchstone. I now pay no attention to his recommendations and just use the blog as a informative guide to results and upcoming drills.

Not sure if the link will work, if not head over to Touchstone's twitter page to see a photo of the flare... it's massive!
https://twitter.com/TouchstoneExp/status/1225321492440920064/photo/1

Opps hit the wrong key :)
No one seems to have touch on the point that we already have permits for two more wells to be drilled in this play. Just think what another two wells of this magnitude will do to the share price....

No one seems to have touched on the su

This company will now produce at least 8300boe/d and even at currently subdued oil prices and taking in to account current net backs (that will now improve) this equates to ~£63m profit a year. How the mcap is only ~£65m is pure madness in my view especially when there is still another pay zone to test and two more drills ahead.

Couldn't agree more, I think Paul is trying to keep a lid (until testing confirms) on something that he believes is massive. I personally think they have found a 100BCF+ play (in keeping with other big finds in the area). It wouldn't surprise me in the slightest if we have a 5000-10000 boed well.

Wow even balanced rational posts get jumped on, what gives? FYI I'm already invested and have no plans to enlarge or dilute my holding. I have only mentioned that it will be interesting to see how TXP fares with both potentially good and bad news on the horizon.

Think its going to be a sea of red on the stock market tomorrow, as the coronavirus epidemic is bound to spook investors.
It will be interesting to see how TXP fares with good news hopefully in a week or so and bad news with commodity prices falling sharply :/

If the "operational programme" means te10 and that is going on until the end of H1, that bodes well. Why else would te10 carry on until the end of H1 unless there was something to test?

Thanks for the help, the company deffinetly looks like it is going places. I'll look to add it to my portfolio once I have done a bit more research.

I've been keeping a loose eye on this company for a while as on the surface it looks way undervalued and was wondering if anyone could provide me with a BALANCED view on the company fundamentals. A couple of things aren't adding up for me and I was wondering if anyone could shed some light. 1. Why is a company with ~2k bop/d (my est £25 netback ie £18m/yr income) trading with a mcap of ~£16m . 2. Why is the company having to come to market for £3.5m today if they are producing my est £18m/yr. 3. What is the company debt? 4. Are there any outstanding warrants of note? 5. Any other negatives/positives worth mentioning? Thanks in advance for any help given. Dan

Bug

Good spot..... that's going to buy me now