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Well done Andrew. Let's start a legal battle over taking an offer that is 30% lower lol. I'm actually baffled

They said they are suspending the court approval meeting indefinitely so how can the TXP deal ever be ratified? Also the board have been advised on this too by Houlihan Lokey and consulted key shareholders. I'm just upset you are trying to whip up some issue with a bid that is clearly better on all counts. You can buy touchstone afterwards with your proceeds..granted you would have no more exposure to TRIN but really it's not on this. I think you will be disappointed to find the non elibigle votes are just with Lease Operators related parties as outlined. The board are still able to make resolutions that can be voted through so I think you will find your idea of touchstone stealing this for 45p-50p equivalent will end in disappointment but really why you want this is bonkers to me. Negotiations started and terms agreed when TXP was 50p which means it's worth well north of 45-50p you seem to be happy to take!? It's lunacy. Sorry I can't see where you are coming from with this and I don't think many others will either.

"In light of the existence of the Touchstone Offer and in order to seek initial feedback from key Trinity Shareholders on the potential for a substantially higher offer in cash, on 24 July 2024 the Trinity Directors considered it to be in the best interests of Trinity Shareholders to release the Rule 2.4 Announcement. Lease Operators has now satisfied the pre-conditions to the release of this Announcement."

Makes it pretty clear key shareholders were consulted and are supportive of the cash offer. Clearly you are not a key shareholder, which is a relief given you fail to grasp the basic laws of economics and maximisation of shareholder wealth. The cash offer is materially value accretive Vs the prior bid and is far superior in terms of risk/reward. Suggest you have some dignity and cease with the nonsense you are spouting.

The txp situation. I honestly got spooked when he said they would not flow test the two new wells and just hook them up...I think he knows they will decline just as fast and is kicking the can down the road to try and grab TRIN. When I read that negotiations started with txp in 50s it just confirmed to me that it got far too cheap in the end...letting it go for 45-50p equivalent when cash is at 8m is stupid. I honestly think TXP is a potential basked case as it sells gas on fixed price and takes on a load of risk with declines and opex given it's debt position. Always wary of people issuing shares to take over companies with net cash.Oil is far more profitable and there is no debt in TRIN. Could defo run it down for a return higher than 68p with possible sale of offshore assets not even considered. I still think someone could bid more.

Before you blow you own trumpet two hard if it were to be October my prediction would be closer than your 6 months haha. One name I am still wondered if we will see emerge in Perenco. I find it funny how much people are skating TRIN saying it's not worth anything...but if you sit down and calc the NAV and discount cash it's insanely cheap

Surely you are not advocating that taking 45p equivalent in shares would be better than 68p cash!? Lol really. I think it's still too cheap but TXP cannot afford TRIN and it shows badly. TRIN has superior oil assets and proven production..TXP just wanted to take TRIN and blow the cash in more wells that decline in blink of an eye..when cash was burnt they would fundraise you. So really stop with the nonsense.

68.05p currently, but there are other players who could use the tax losses I am sure of that. Given the reserves and net cash is 8m this is still very very cheap

I would not rule out a higher cash bid from a new entrant. But yes, holding from back then it's a tough one to swallow, but if the two deals presented the cash was better.

I picked it up from london stock exchange official website, typical that RNS feed seems to be down on here today

Glad the board have made the correct decision to back the cash offer, also a nice return from current SP subject to regulatory approval which I expect will follow given Lease Operators already work in T&T. Great news.

He lost me by changing the timeline fairly dramatically this year...drills going way out to mid 25 now was not inkeeling with what he said. Also surely they said final bids expected for Guyana mid July now there is no deadline...can't be trusted so I sold. Good luck all

I think there are a lot of inexperienced investors involved here. The price of TXP takes the decision out of their hands. You take the cash and buy TXP afterwards if you do chose...far cheaper. Honestly haha

They really would if logic prevailed...Touchstone is completely unproven and trading far below the value when the deal was agreed, TRIN board has to take cash offer, the only precondition in the RNS that was not waivable was the acceptance of the board..so thry need to accept the bid terms, and formalise. If you want to go buy TXP afterwards for far less go ahead. But it's very basic company stewardship stuff this now.

Just think it is truly shocking what has happened here all based on a government that does not understand economics or business...importation of oil and gas does not mean emissions are any lower and infact will be higher. Additionally crippling the UK oil and gas industry will lead to a lower tax take...and damage trust across all sectors of business. Are the government actually thick. Hope this still comes good for you guys.

Should the cash offer be forthcoming on terms disclosed this absolutely has to be accepted by the board noting that touchstone has slipped sub 30p now..it's pretty clear they should be looking to call of the touchstone bid either way imo.

Well they are running on fumes from a cash perspective so now clearer why they took the cash for 3b/4b rather than higher % I hope they give more detailed update on Guyana...they said final bids mid July now it's..of we had big players in the data room...can they be a bit more concrete and confirm if anyone actually bid!?

I find it astonishing that some people think this isn't a good deal, it's value accretive now and in the future, if you can't see that you shouldn't be investing in shares imo

Investor presentation tomorrow I hope they confirm bids have been received for Guyana farm out then we are looking good

Decent transaction that IMO, also values the remaining 3b/4b carry at about CAD 58m plus the circa CAD 30m cash received for the farm out is basically in excess of current mcap... And this excludes Guyana and Namibia...so yes, expect this to be well received news

The potential new aquirer already operates in Trinidad...so I don't think it would take long personally, maybe a month