Member Info for Thunder2040

You and potentially other TXP holders stand to personally gain at the detriment of Trinity shareholders by advancing your personnel agenda here...I would also like to ask a certain other poster if he now also holds TXP shares as it's all becoming very clear why certain people are saying what they are.

TRIN only. I have no time for people owning TXP coming on here urging TRIN olders to take lower offers. In my life I have never ever seen a lower offer recommended in a takeover as it shoulder be. The jam tomorrow argument holds very little weight with me and larger investors. I am also disgusted by some other shareholders here trying to influence the board for their own ends rather than the greater shareholder base. We don't all want to gamble on TXP and it's very unfair to try and force people to go along with it just because they fancy a spin on roulette.

Your maths is out

Do you own TRIN or TXP or both out of interest?

Huge upside? So why not take the cash and buy more TXP than you'd get from their low ball offer? Also all the upside but the price languishes so it seems the market doesn't concur. Furthermore all the upside is TXPs gas nothing to do with TRIN so again these illogical arguments about favouring lower offers is just lunacy imo

Would the regulator really like to see touchstone make us 'wait' 6 months? I think not. You need to realise that the txp offer is worth currently about 47p in shares...the LO offer is 68p cash and likely backed by anyone with half a brain lol.

When the TXP deal was first announced many TXP shareholders thought they were overpaying and thought it was a bad move...now they change their tune. They are not entitled to anything. TXP are outbid. This is business.

The point that has been lost on many I feel is that the irrevocable undertakings were made before the other offer was known...if the two were now voted on side by side hardly anyone would rationally chose txp...the price of which has also slid further down since too making the deal even worse.

Important point...there was no alternative offer in public domain when the 90% vote was taken

How about we just reset the vote count and let shareholders pick the deal they prefer...if we do that I think it will become pretty clear that the board are entirely correct to take the action they have. The LO was expected to complete in Q4, now it may be Q1, I'm not overly bothered...although given TXP operate in Trinidad I think obstructing the deal for 6 months would not reflect favourably on them and their director must be well aware of that too.

Interesting that there is talk of a deal in good faith now rather than legal terminology of yesterday...I think the penny has finally dropped that in under 6 months the company will most probably be legally sold to the highest bidder. In the meantime I assume they will just continue to produce oil and the world goes on.

For transparency the long stop date is 31 Jan 2025, so just under 6 months time.

Thank you to Nick Clayton and the Directors for the statement today. You are doing absolutely the correct thing is standing up for the maximisation of shareholder wealth through support of the material higher value, lower risk cash offer of 68.05p. Also correctly highlighted that eventually the TXP irrevocable support will lapse and the court hearing, which is company driven, will be indefinitely postponed, meaning there is no way the TXP bid in it's current form will be chosen over the current higher cash offer, which is entirely the correct decision for myself and all other rational shareholders.

Only way I would go anywhere near TXP is if they up the offer to 2.5 shares and they can't afford it...so the value argument is entirely and completely redundant...receiving 46p equivalent Vs 68p cash is a complete no brainer and as I have said people are making fools out of themselves trying to say otherwise. That is my position and I respect your right to yours.

I've tried to explain why I think TXP want TRIN for paper...because they have insufficient free cashflow to fund wells in the face of potentially uncommercial decline rates. They will blow what cash is left then fund raise you all for more...so before you call me one dimensional I am well aware of why you would be best in cash or taking cash and then buying into TXP later far cheaper obviously excluding TRIN assets. TXP has significant leverage already..so this idea that LO doing a deal with debt is somehow not ok is feable...LO are a bigger oil producer than TXP I believe and that is where to profit is..TXP is a bad idea. Why did they not flow test the new drills?

I fail to see how you are rational investors. There is no rudeness just disbelief at what you are doing. There will be no court meeting it is suspended indefinitely. TXP will allow the agreements to lapse. The company will be sold for 68.05p cash. I'm sorry that upsets you.

What are you even talking about..the market just told you what the implications of rejecting the higher cash offer are..the price is well down. I think some investors here don't have a clue what they are doing it's very worrisome.

Why is the clause in there then? Typical lawyer arguing over semantics over something that will cost us all 30% or more loss lol...I think you would sit there arguing with yourself if you could Andrew.

In the undertakings filed on the website there are clear clauses where the undertakings shall lapse. A competing offer being declared unconditional or being advanced by scheme of arrangement is one of them.

If anyone wants more shares and votes you can buy mine for 68.05p, should be on the book as such