Member Info for reggie72

reread looks like funds will be coming in as outlined in rns

RNS out - game over??

one of very few oilies on aim/ ftse that carry no debt, significant cash position (vs mkt cap), fully cost carried for offshore drilling(JV deal) and funded for onshore drilling at 100%. Expect onshore and offshore blocks to be drilled in 2016 after a v long wait.

what are the best oil companies out there with low debt?

cash postion is worth more than the current market cap - P50 offshore is 2.2bn barrels- basically assets are in for free as they are carried for drilling!

lovely mm's drop the price and don't let you buy!

Still here mate but like everything else in this market it's for the back burner!

This is huge news for TXO is it not?

Has anyone phoned their PR company Lothbury Financial and talked to Michael Padley?? He will know the score. Not happy at all with Tim Baldwin!.

rigger.Have a look at BOIL- they have cash in bank = to current mkt cap and fully funded to drill onshore at 100% this year and fully cost carried to drill offshore when they can get a rig in- JV partner is paying for all three phases of development and will drill next as seismic complete and reviewed at P50 2bn barrels. still to drill key assets starting this year onshore. They are in a different position to TRP now in the way that they have yet to drill main projects to see if they contain hydrocarbons. Both blocks on/offshore are surounded by high production areas oil + gas.

reckon nice little farmout or disposal for cash!

and why cant you buy onlime when you want to!

still can't buy any?

loads of buying- bring on the farmout!

try fill or kill at 0.2

can't buy online now 18-19.

If nothing else these guys can do a deal so I would expect one or two decent ones with the projects in the not too distant future as outlined by the bod statement.

Still have some exciting plays and can see some decent farmouts and disposals in the months ahead- build more cash and take away capex commitments for which there are non on the drill side so something to build upon.

someones confident taking those placing shares at 0.66p!.

what is the corporate notification alert?