Member Info for PhotographerTLP

Morning Sunday, all good here and the near term future. As for 2020, this is going to be stunning!!

Morning KUMS, I agree, once we hit 20p (pre-August....despite my 18p prediction from months ago) the rises will hopefully be 1.5p / 2p a day, or between 8% & 10% a day. This will put us on the radar for the traders/herd to appear. The only shame of that being, this board will become the same as the rest, a slanging match. Ol well, if it's 25 to 30p, I can always use my filter button.

Every day that passes brings us closer to the end of each individual drill and of course, the combined 10 well drill programme. Shame that the SP has taken a bit of a drop the last two weeks but hey ho....that's dealing for you. The end result moves closer as I type..... Still hoping that my prediction of 18p by August is smashed....

I only have two shares, TXP & JOG, both are going to be brilliant this Summer!! I'm not looking to add RRL, just wondering why they are so low with 800bpd coming out of the ground? I did smile when �1,000 dummy buy on Range got me 300,000+ shares!! I let my mind do the 'what if this goes to �1?' thing...... What a feeling that would be!! Ol well, not investing there so I'm not thinking about it.....much.....

Literally as your post arrived FatCat, I was thinking to myslef 'better to be flat lined at 14.5p bid than 11p'. Excuse the off-topic please.... I saw Malcy had a write up on Range Resources and thought to check them out. I was a little surprised to see their share price below a penny and thought that looked quite nice. Afterall, they are producing 800bpd. But then....7 billion shares in issue!! Question is, why are they so low if they are producing 800bpd?

It’s strange this share for me in as much as I know this current SP is nonsensically low, but I do not doubt for a second that this going to rise and rise considerably once the complete results of the current drill campaign are finalised and released. I have no idea how much by the way as I don’t know how to work these things out. Happy to wait, the results will be here at some point, maybe September for all of them? Guessing....

Ron - Spot on with Dick’s contributions. Somebody mentioned top slicing or gambling the whole lot on the results but for the life of me I can’t find who wrote that earlier (tricky whilst sitting on the beach in Newquay to be fair...other priorities). I have never top sliced but I have a shed load in here, well a shed load for me anyway, and I can’t help but remember the sinking feeling of the first drill results last year. However, we already have 25m barrels around the drill head and surely with the amount of money Statoil and JOG are spending on the next drill, they would be very confident in an increase on that? I’m not sure how to guage risk on these matters, other than every investment is a risk. Anyway, the shed load is going the whole nine yards for me.....gulp..... My only question is, what happens to the SP if the volume of oil stays at 25m barrels?

Loving that answer FatCat!! I seem to be having a modest holding compared to a lot on here but hey ho....if this reaches £1.50 /£2 a share then I shall also be a very happy investor!!

Thanks All, very inetersting answers. Have a good weekend.....sunny here in Cornwall so all good.....

I guess am aiming this at holders not in this for a 10% profit but rather they are here for the longer term. No problem with the 10% investor by the way, nice work if you can do it. Persoanlly I feel terrible when I sell a share to early so I am not a 10% investor. Normally I invest in shares that have a 'singular' target. For example, JOG. We know what they are aiming for and when that happens I will sell. Not plugging another share here, just using it as a current example. However, with TXP, I am finding it really tricky to say what my plan is? With so many wells and so much news to come, I can't find a future point and think that that will be the point I will sell at. It's both a nice situation and a little strange at the same time. I don't think I've had a share with so much good news waiting to be released and even the thoughts of having a share with dividends. I've never had that before. So, eventually, my question is, has anybody else thought of their exit point and target price as yet? Just curious as to how others are thinking?

I reckon there will a lot of news before mid-August FatCat. I think as you mention, it will be details of the new wells and possibly the 2,000 bpd? Regarding well number two, I am pretty sure that update is coming very shortly. Well number three should be end of July (60 days or so from now). Then there is the spudding of well six and myabe spudding of others. Updates on wells four and five to come. I would be very surprised if the next RNS was only here in mid-August? It's got to be before then......well I hope so?

Welcome GhostTown, like the name.

This company is too good to be this low when all of the results are in. When are we due the next news? I can't remember when the second well went operational? I think the bpd results on that are due quite soon? I'm pretty sure the third well goes into production sometime about now. So in 60 days or so, we will have three wells from this campaign delivering oil. 2,000 bpd are going to be flowing very soon (by the end of this drilling campaign latest....very latest) and that is just a milestone on the journey PB has outlined. It's all good as far as I can see. I'm hoping the 2,000 bpd will appear with the first five wells. No knowledge on why this should happen by the way, I am just hoping that will be the case. Happy to be here.....

Unless you need to sell at this point in time, there isn’t anything to worry about. If it drops, hey ho, top up or wait with what you hold until the end of the drilling campaign this Summer. By September or so, the 10 wells should be complete and the results showing in our bpd. Personally, I don’t worry about daily fluctuations in any SP. if I’ve invested in a company then I believe whole heartedly in the prospects they have shown to me and the wider market. It stands me in good stead with my dealings generally.

Also.....our current gains of .5p and .75p are going to appear very small soon. Once we get to 20p we will hopefully start to see 1p increases and who knows, maybe even 1.5p? Like all good, steadily rising shares, between 5% and 8% a day. That will be nice!!

In the grand scale of things, I’m not sure that much patience is needed here? We have results from just one of our 10 planned wells at this moment. That has helped take us from 11p up to 16p in what, two months was it? We have the second well now producing, but in true PB style, we won’t have wished for results, we will have factual results when 60 days production are complete. Then we have another theee Wells which are complete or completing. One of which is going into production this week I believe? It was this week wasn’t it? Then....there are another 5 to be drilled in close succession. Then there is the possibility of a new campaign in Q4. Then....PB has mentioned that he would dearly like to pay dividends. How much patience is needed, three months? Maybe five for all the production results of this campaign? This is a beauty of a share. As for the retrace, I thoughts this would have happened last week already, or Monday just gone at the latest. It’s here today and maybe tomorrow as well? Who knows? What we should all remember is that we have 9 wells, some with significant pay zones, waiting to have results published, drills completed or drills commenced. For me personally, patience is short term with this one....realatively speaking. Kums....did I enjoy London? Not really. I did see Buckingham Palace as I drove out so that was a pleasant, unexpected surpise.

Bloomsberry Park today. I'd rather be in Cornwall though Kums. London is not what makes my soul happy. I'm an 'under the stars' fella myself. Ol well, work is work.....

I have to say that this is quite refreshing. Normally I seem to have shares that seem to go up like a rocket and fall as quickly as their stage 1 booster, after a bright, explosive moment. TXP seems to be a slow riser, but a riser all the same. I like it I have to say, no need to judge the high point on a daily basis, and then catch the falling knife. Anyway, back to the real world today.....I have to leave Newquay shortly, drive all the way to North London, hold a corporate shoot for three hours and then drive back again.... Good job I love taking photographs.... As for excited Nevo, I can't wait for all the news flow. So many Christmas days this year!!

Thanks again, Simon. There are a lot of big players holding a lot of shares. Hopefully with PB stating recently that he would like to pay dividends as soon as is possible, they might decide to keep their holdings rather than sell off. We shall see at some point on this one I guess? One thing for sure, this company is going to be good for all holders, large or small. Like Tidd also just mentioned, it looks like TXP's current bpd is only showing the inclsuion of one of the wells drilled in this current campaign. That is really good news!! 9 more to come to add to the daily amount and some with considerable pay zones. All good for TXP....and us holders.

Nice summary Tidd. You could be right and some of those pay zones are quite a bit bigger than we currently have.