Member Info for sirmark

Anyone else have a sneaky feeling that Trump might just so happen to be in Alaska this week for other pipeline matters maybe as well as Putin ... just saying !!!

Level 2 just ticked and and the offer went from 3 to 2 so also improved there as well.

Many forgetting the noise and looking at the business and taking a different view to many on here !!! I'm in the camp that this is set to fly !! those looking in 13p will look a bargain in a few months time... could look a bargain in a few days time also to be fair !

100000000000% This Dubhe well unlocks the whole package and derisks the company in one RNS.

Get you tickets now :)

You're right Jono... the payback is roughly 4-6 months ...which is incredible and from them the cash just hits the bottom line... for the next 20 years !!! not a bad business model to be fair.

Nice delayed BUY

13:18:47 13.45 400,000 53.80k O

Exactly .... all negatives priced in.. so can you imagine the SP this week if they say they no longer need to raise addition capital to suit the bank... hang on to your seats !!

Very surprised at the recent drop ... we have maintained a solid base for a while now and the news has only improved.. Let's hope some of my other holdings improve so I can grab so more shares.

This is exactly what makes a market — differing views. Some see value, others see risk. Right now, the market’s pricing TXP at around £33 million — but in my view, that significantly undervalues the assets, cash flow, and growth potential. I’m buying accordingly.

It’s worth remembering that just a few weeks ago, with no material change in trading fundamentals, the market was debating whether £5 million was raised too cheaply at 20.5p. That tells you how quickly sentiment — not value — can swing.

We’ve got new fundamentals coming next week that should help shape a more informed outlook. If, as I believe, operational performance and cash flow have improved, then sub-13.5p will soon be a thing of the past.

Let’s see how it plays out — I’m positioned for the upside.

I do agree I think as you rightly say if he was a football manger would have be sacked a long time ago, the problem is many moan but don't use their voting rights and vote accordingly.

As you you rightly say the performance from £1.78 - £0.13p is 10000% shocking.. however selfishly I'm looking from where we are now and is this a time to invest and make money from here? .the answers for me are 100% yes buying now should generate huge returns, and those that bought in on the placing at £0.205 will also make great returns. I'm more forward looking than looking in the past (although of course the past performance should be included in that decision)

I understand the frustration — especially in a small-cap energy name like TXP, where volatility, delayed execution, and inconsistent communication can test even the most patient investors. But assigning all the blame to Paul Bay ignores the broader context and, more importantly, the substantial value that has been created under his leadership.

Let’s be clear: the current share price is not simply a referendum on the CEO. It reflects a blend of sector-wide sentiment, the perceived overhang of financing conditions, and yes — communication missteps. But this should not overshadow the significant strategic progress TXP has made in the past few years.

Under Bay’s tenure, TXP transitioned from a high-risk explorer to a fully-fledged producer generating free cash flow of $10–12 million annually. The company made multiple discoveries at Ortoire, brought Cascadura and Coho online, and crucially — acquired the Central Block assets from Shell for $23 million. That acquisition was transformative. It now positions TXP as the largest onshore natural gas producer in Trinidad. That’s a significant milestone, and it opens up infrastructure, cash flow, and scale advantages that most small caps only dream of with the LNG pricing which will also transform the outlook.

Yes, timelines have slipped. Yes, communication can be certainly be improved. But we cannot ignore the scale of what’s been built — and what’s now being monetised. The platform is there. The assets are producing. The debt is manageable. And if the drilling program is accelerated as planned, cash flow will only increase, the wall of cash is coming....finally !

Leadership changes may boost sentiment in the short term, but in my view, the real driver of value here is cash generation and operational delivery. TXP is sitting on an enviable asset base, generating cash, and trading well below intrinsic value. That spells opportunity for me and those who look past the noise.

From my perspective, Touchstone Exploration is a classic case of market mispricing driven by sentiment rather than fundamentals. Many retail investors appear to be overlooking several critical facts that, in our view, support a much more bullish outlook.

Firstly — and this cannot be overstated — TXP is generating free cash flow from existing operations, to the tune of approximately USD $10–12 million annually. This level of internal cash generation provides clear evidence that the business is self-sustaining at current production levels. There is no requirement for an equity raise to fund baseline operations — a key point some seem to be missing.

The recent dialogue around raising additional capital is being misinterpreted. The bank’s request for a potential raise is not about solvency, but about improving the optics and structure of the existing loan facility. Lenders are, of course, privy to operational data and forward cash flow models — and they know full well that TXP has the capacity to service its debt comfortably while still producing free cash.

What we expect is a pragmatic solution: an amendment or extension of the funding window, likely 6–12 months, which allows the company to raise capital under more favourable conditions — if at all. Importantly, the capital raise is not earmarked to repay debt, but to accelerate drilling and unlock further production — a move that would rapidly lower the debt/revenue ratio and expand enterprise value.

The current share price reflects pessimism that, in our view, is disconnected from the underlying revenue profile and asset base. There is a significant "perceived burden" (PB) effect at play — but crucially, revenue is not the issue here. On the contrary, TXP is delivering, and the market is slow to catch up to the improving operational reality.

In short: TXP is generating free cash, strategically positioned for production growth, and trading at a material discount to intrinsic value. For me, that spells opportunity. But hey what do I know lol

I am not forgetting the debt, that is serviceable and the company generates FREE cash flow ... lots of business have debt especially in the O&G space this is nothing new. They don't have any CB death spiral loans all at sensible and manageable rates.

Let's see the position next week, there will be decline as EVERY well does so that will be nothing new. The cash on hand could be interesting however if they only report cash on hand till the end of June that will be skewed as we was only able to sell the VAT bond at the end of July also we was still sorting the relevant accounts etc for the Central Block funds so they may not show until Q3's figures.

I can see this doing a 50-100% day very soon.... we're so undervalued when you look at the assets, production numbers... and all for £33 mln ....it's honestly mental.

Just drilled Cas 5 Cas 4 to complete and they;; both be adding to production numbers and the flush rate means they'll pay back the costs within a matter of months and then produce for the next 20+ years .... very easy to scale and quickly and with an excellent drilling team on site as demonstrated with Cas 5 lets keep them busy and let the cash roll in and production sky rocket.

Nothing today... the Q2 figures are next week and they will included the newly acquired Central Block 2,000 barrels a day added (not all of the quarter will have the new additional increase reported but from an accounting point of view we got the money but the production wouldn't be included until the deal completed so production numbers are only form that dat... Q3 will be great and even more so if we get Cas 4 and 5 hooked up Intime although more likely Q4.

MrH_m well done ... I missed this mornings move I said yesterday I had a buy set up for 35mln shares but move that at the last minute to TXP (which will move massively with Q2 figures next week(added again this morning).. anyway enough of that)

I just wanted to say well done on the move today !

I do see this as a great little stock and wish you all well... I will be back to buy again when it weakens. (or not of course)

And another add from me :)

Just added another 92205 @ 13 cheers my market .. you can have them back when were over the 30''s (maybe)

There’s no RNS due until next week Q2 figures

We should hear then where there at and update on various issues.

I do share your pain GGG and believe you have a million shares as you was posting when you was adding and that aligned with the trades at the time.

Serious question, we have clearly hit a bottom with a 33mln market cap and with revenues 50-60mln and profits of 10-12 (we await confirmation of the 2,000 barrels a-day we’ve just added) why aren’t you adding at this level to get you average down to say 16/17p

Then first bit of decent news will propel this back well into the 20’s as not much has been bought at these low levels so not many profit sellers on the way back so seems a great strategy unless you feel PB can’t achieve anything to move the sp upwards and if that’s the case then no offence you should sell.

Was just the closing auction 1.6m UT

Of shock I saw 2 250k buy orders jump on the book at the close that went into that mix so at least 500k was buys so IMO bodes well for more lift off tomorrow !

They just done a raise with my largest holding PANR and all went well. I believe it wasn’t with them themselves or Kam but with their clients who didn’t fulfil their obligations. Not saying he hasn’t made errors along the way but to keep saying this was his fault is incorrect and very unheard of situation so it’s not like you could point t and say this has happened before using them with other raises with other listed companies. Anyway not expecting anything tomorrow however next week I am !