Member Info for Sundayroast

Ticking up nicely :)

Jesus give it a rest 1111
You said 0.3 last week. Where is it?

Dated the 14th, I wouldn't worry about it.
I see good gains to be made from this level.

Looking forward to the presentation tomorrow.
Does anyone know what the 4th prospect is PB talks about?
Are they drilling 2 oil wells before the final large gas play?

Strange that it was NT for so long.
Buy order being filled probably.
Expect some after hours trades.
Looks like bottom has been reached and sentiment has returned.
This could move north very fast over the coming weeks.

Its only been a month since they announced the drop in production due to the 2 wells being off line. They will probably let us know current production at the same time as they announce the spud

Ross, TXP's focus is now on Oritore.
PB has an interview on the 20th so you only need to wait 2 days to find out about current production.

Should be this week or next.
Not too much longer to wait.
In the mean time PB is presenting again on the 20th
https://www.proactiveinvestors.co.uk/companies/stocktube/13749/lookahead-to-proactive-s-one2one-forum---20-june-2019-13749.html

If all 3 are successful I think it would be closer to 100p SP. But I agree it's going to be quite exciting next few month and I expect to see some large gains. I dont think there is a seller. The sells today more or less match Fridays buys. No real volume at the moment until we spud and I think we will get increased volume until the results of the spud. Now is the time to load up though while its quiet.

The 3rd prospect could be massive!!!!! The skys the limit regarding SP if we do find gas there. But I'd be more than happy if we hit the 1st 2 prospect. Would defo multibag if it does

You really have to question his motives.

Ha ha I see Ross is on here too giving his words of wisdom.
He did the same on TXP then suddenly went quiet (probs after he got the buy in price he was looking for)
Filter, filter, filter

I agree with dealer, if you truly think that it's that bad sell up and cut your losses.
At these levels the only real downside is if the company goes bust.
I don't see that it will due to the recent good news flow so a lot of upside at 0.345p
This is also a big support level, SP hasn't been this low since May 18.
The trend and sentiment could change very very quickly here.
Could test 0.3 next week but could easily rally to 0.8p.
I'm happy with my 0.35 top up, but it takes balls to buy when sentiment is so low.
Thats why most people get burnt on the spike/ramp, it's easy to jump on the band wagon when everyone is ramping a share to death.
Once the SP starts going north again people who sold out will get FOMO and pile back in again.
Seen it loads of times.

Could be the start of something very special for TXP.
They have been gearing upto this moment for years now so very exciting.
Hopefully see some new faces on here when we spud :)

I've topped up. I'm not in this for a day to day trade. As a long term investment i still believe in the tech.
Only a very small percentage of my portfolio though as this is now a high risk high reward trade.

Golden,
Yes which is great when you're invested in oil :)

There are a lot of exploration companies out there, some have the potential to find huge resources.
The good thing about TXP is that were already producing circa 2000bopd.
The exploration drills are high reward low risk 95% COS
Also very cheap to bring on line.
1st spud gas play will only cost around £1mil
2nd spud oil play they can pump straight onto containers and cash in from this straight away.
3rd spud well this could be a monster but higher risk than first 2.

Why much needed?
Surely the troubles in the gulf will have a positive effect on oil prices?

Spud date should be over the next 2 weeks.
Strong possibility next week. All the groundwork is done, just waiting for the rig.
The current SP is based on current production only. Non of the Oritore frills are priced in yet.
Should be a very exciting few months.

https://twitter.com/TouchstoneExp/status/1138124434831659008?s=20

All looking good.
This is going to be a very exciting share to be in over the next few months.
Good luck everyone.
The drill must be almost on it's way.
2 exploration drills back to back. 95% COS for both.
The kind of thing people love on AIM. Very little downside. Huge upside