Member Info for rossannan

For almost everyone who posts on here it is a two way street. More for some than others, perhaps. Posters like ab76, che7win, Johnoxxx and John2727 have certainly had an influence on my investments.

Supersport - you may think that, but John2727 is a greater danger to your wealth.

What did I miss?

Nothing. Absolutely nothing.

But it is worth remembering where we were a couple of weeks ago. John2727 had just given us the update set out below. When PB finally puts his head above the parapet, it will be interesting to compare reality with the scenario John2727 painted on his behalf. John2727 will likely be somewhat embarrassed.

“Quick Update for Everyone – Please Read Carefully

I’ve had a direct reply from the company regarding the funding and next steps.

Here’s a plain summary of what was shared:

Portillion/Oak Situation

The company still considers the Portillion funding agreement to be legally binding.

They are not moving ahead with any other placing until this is resolved one way or another.

Equity Raise

Because of the unresolved Portillion situation, they cannot confirm or deny whether an equity raise might happen in the future.

However, they made it clear there is no plan to launch a fresh raise right now while the Portillion discussions are still active.

Alternative Funding

Management confirmed they are exploring other options (like royalty financing, mezzanine debt, or offtake deals) as a backup if Portillion doesn’t come through.

These options are not finalised yet - they are contingency plans.

Operational Update

They will issue updated guidance on production, cash flow, and development plans once funding is clarified.

The call and response was measured, and they understand the frustration. They appreciate that uncertainty is hurting the share price but are limited in what they can say publicly while this process plays out.

In plain English: the focus is still on getting Portillion/Oak sorted. No immediate placing is planned while that’s underway, but they are preparing other funding options if needed.

If I receive any further updates I’m allowed to share, I’ll post them.”

“This is a critical reassurance from PB of no immediate fund raise.”

“Suspect a rise to 16p today after the company squashes the scaremongering of any immediate fund raise.”

“Yip exactly and do we have a placing....if it was going to happen it would be done by now IMO”

The party line has been well received by the faithful. I wonder what Portillion’s legal advice says (just a thought).

What will the landscape look like when I’m back in a couple of weeks and will John2727 already be regretting his role in all this?

Off to pack. See you in August.

Johnoxxx

“currently you’re slating others that have actually bothered to put calculations behind their opinion”

When Tobin put calculations behind his opinion you didn’t even bother to check his working:

“Based on how stupid that factual post from Tobin has just made you look Rossanan…”.

The only problem was that it wasn’t a factual post - he got his calculations badly wrong. You seem to be at the mercy of your confirmation bias. On AIM that is bad for your wealth. I could give you a string of worrying debt ratios but you would just fall back on rosy jam tomorrow scenarios. But I will happily stick my neck out and say that TXP’s current and potential lenders are more interested in today’s debt ratios than tomorrow’s jam. That placing is a lot closer than John2727 (shame on him for letting them use him as a mouthpiece) would have folk believe.

John2727 - do you think it is wise being the mouthpiece on here for an outfit who themselves probably already strongly suspect that this will end in a placing?

Tobin - just admit that you got it wrong. The very RNS you have just quoted back to me, that covers the first 120 days of this year, blows your $68K per day out of the water. I explain exactly how it does this in my post. What is it in that post that you disagree with?

Should take account of context.

what tobin has done there is to forget that heritage gets 35% of everything. oops. but taking that into account you still have that figure of $6.4m net for those 120 days. so not $68k per day but still a respectable $53k per day. or is it? what else has tobin missed? yes, that $6.4m is only net to touchstone after heritage’s share. it is still actually a gross figure, in the sense that “sales volumes are subject to a 12.5 percent state royalty and applicable plant operating costs”. and the rest. that $68k per day is way off the mark.

and this is the problem with rampers. they spew *** packet calculations that folk want to believe and those folk end up taking silly risks with aim crap.

Thought as much.

Tobin - and did you check your figures against this?:

“From January through April 2025, eleven LNG liftings (including associated liquids) were completed, totaling 2,207,696 MMBtu. An additional 11,065 MMBtu was sold into the domestic market. These volumes generated gross revenue of $13.6 million ($8.9 million net). After transportation and processing costs, gross revenue totaled $8.9 million ($5.8 million net). The Central Block also generated $1.0 million in gross revenues ($0.65 million net) from condensate sales at the facility, resulting in total gross revenue of $9.9 million ($6.4 million net) for the period. All sales volumes are subject to a 12.5 percent state royalty and applicable plant operating costs.”

Tobin - and the capital?

Tobin

“With clear cash flow something will be sorted”

The current cash flow is insufficient to balance the unsafe level of the current debt, let alone any additional debt. You may be looking towards a future wall of cashflow. Good luck with that. In the meantime, it seems unlikely that any bank, however sector focused, is going to step up and take on an equity type risk for a lender’s return. The obvious substitute for the failed placing is another placing. Once that painful dilution is out of the way, this could easily rerate, at least until the next reality check.

Classic silver today. But you have to zoom out from the tariff rollercoaster. $40 is coming, even if it is via $35.

Hardolestation - blackmail? Really? Where is the threat? If people don’t want to see my take on TXP they can just block me, like janedoe. If it helps though, I’ll be in the Med from Friday (but back raring to go in August, I promise).

Smart move.

Sorry, unless the rampers change their tune I’m here for the duration.

John2727 - Genuine A - because TXP is a bit of a poster boy for AIM O&G crap. I do not have a blanket view - there are ones on AIM that I like and am invested in (PTAL, SQZ) but I would argue that if you were fully aware of the sector risk you would not in fact be in TXP.

Sturm - so did you.

Love

Jane

John2727

I am not belittling anyone, just criticising people’s takes on TXP. PIs like yourself put far too much time into outfits like TXP, get too close to them and cannot, as a result, see the wood for the trees. How often are the scenarios, formulas and estimates that PIs like yourself so carefully assemble actually then reflected/validated/vindicated in the real world financials, months or years down the line? Almost never. It is an exercise in confirmation bias. It plays well to the gallery on here, but it does not help them, even if they think it does. I do not want any part of the silly risks that folk take with their money on AIM crap. Yes, it can very occasionally pay off but those rare exceptions prove the rule that the risk is not worth the reward and failure is almost guaranteed. This one really is uninvestable until the funding issue is resolved and even once it has been resolved it is still AIM crap and should be handled accordingly.