Member Info for tidd83

I therefore imagine bondholders will be privy and made inside to information they feel comfortable with that satisfies them enough to issue. Perhaps a government signature and/or schedule to conclude the Oman transaction.

AIMHO

£50bn of investment waiting to be spent on the North Sea if the EPal

Is removed.

The rise in energy prices is a reason to expedite not defer its removal. Investment and job creation but most importantly national security whilst creating natural tax revenues from companies from in country profits. And that’s not to mention tackling the green counter intuitive argument of carbon reduction since localised production is far better than import - not that a typical NIMBY would consider this.

Results look pretty solid, think quite a lot of stops have been hit on the way down - expecting a bounce around the 4000ish level so have taken a fair chunk now.

Coming to the UK 2026. Think market share will be stolen in short order if they push the free ads like they have in the US.

A new sales route for the current dealers via a new challenger with an even bigger budget.

Exceptional as always, 9000boepd, 25.6m 2P reserves and an effective date of 1/1/25 so circa 12 months of cash flow included.

UK news

https://www.thesun.co.uk/motors/37274006/uk-biggest-online-car-seller-mass-protest/

I have mailed admin at LSE regarding the barrage of abusive and nonsensical posts from the village idiot. I would suggest others do the same. Consistent rule breaker that has been left to air his repetitive and libellous rubbish for too long.

Aligator, I’m not sure reading extracting phrases from an investors handbook is always the best way to calculate a companies valuation. A valuation is often based on past, present and future performance (or potential).

Thus as potential is proven then this can be applied forward to the valuation. Your glass half empty post again coincides with your agenda with TXP. If you there were no bias, why not post the same extract on similar blue chips, Tesla comes to mind?

When the usual suspects appear trying to spin a negative on anything despite the fact the market has lifted the stock 25% and sentiment has turned.

GGG instead of acting like a petulant child with your insessant name calling and regurgitation of your views that we are subject to read each day. Why don’t you do something meaningful and contact IR and report back with your response?

Your attempt to rally the troops whilst proclaiming to be a large holder doesn’t make an awful lot of sense. My view here is that you have sold out and are now looking to cause as much noise and mischief as possible to breathe constant negativity towards all boards. It’s becoming a bit transparent and is purely the actions of someone who is suffering from complicated grief disorder.

Cashflow positive with Cas5 drilled and waiting to come on stream at the crest of the structure with results exceeding expectations in known producing sands.

Cas4 half drilled and all the facilities in place for a quick tie in. Bottom dollar price to pickup stock here before the development program goes underway at both Cascadura and the newly acquired central block. Assets alone dwarf MCAP and substantial reserves already booked.

TXP has blocks to explore even beyond the existing development drilling with a toe dipped into Rio Clara showing both a potential expansion of Cascadura as well as a new prolific oil pool.

Not sure if anyone else feels the same, but I have asked the moderator to address the tone of the messaging below aka GGG. I would suggest others do the same and report as much. This is a public bulletin board not an area for one poster to air his continous emotional outbursts.

Yet you did not see it rise from 8p to 175p under the same BOD?

There are two sides to each story crl. Let’s leave it there for now.

You don’t speak for everyone here (me included).

Whilst you may be angry, control your temper and take up your own actions without venting slanderous statements on a public BB trying to create a witch hunt.

I would rather let this play out and leave the BOD to focus on the task at hand. Something I firmly believe will be dealt with in due course. This is not a “last one here turn the lights out” situation. It’s a stall to an expedited drilling campaign. One which can be self funded whilst also running the business and servicing liabilities.

My advice to you would be take your gripe privately and seek your own reperations legally and/or otherwise else you may find yourself not only banned but in hot water.

WP - If it came to it, I would expect it highly likely that there be an extension or rengotiation.

The debt for CB was the right thing to do and imho a master stroke which will pay for itself with its own production whilst opening the door to a more lucrative market.

The raise to expedite production, debatable but if it fast tracked the development of the assets I can see a benefit. As SS suggested nobody could have foreseen that portillion would drop the ball. That being said, I don’t believe this a “lights out event” that many are talking about. The company are capable of generating cash at current levels and servicing debt. There is also no debt payment on CB due for 11 months and no reason why the terms of the amended covenants can not be amended. I do believe the company have delivered on many fronts however delays and over enthusiasm in some cases have caused uneccessary pain. The over scoping of Cas facilities and subsequent expansion was not required and the company acknowledge this. Other than that however, I do think TXP are positioned (with its production, land base and assets) to do very well. This blip will be a learning lesson but it is far from game over as many of the posters will have you believe here. Production figures will be somewhere in the region of 6-7k with CB. The marketcap and EV of the company does not reflect all of the assets and production as things stand and is being punished by the uncertainty which hopefully will be remedied in the very near term. PB does not need to issue an RNS hand holding - we know what has happened and the next news should hopefully address this when a resolution is in place coupled with CB figures and Cas5 results.

Holdandhope to give some perspective to your post. The wells pay for themselves in a number of months, whilst there is indeed a decline the wells bottom out to produce a steady income stream for years. Additional wells being drilled in this fashion is a signal to growth and highly profitable. Your post suggests that the wells tail off and new wells are needed to grow the production base, this is NOT the case. Each well is an additional increase to production with its costs retrieved in the first few months via flush production. There is absolutely nothing wrong with this model as your posts suggests.

A further take up by Oak and its existing placees to raise the shortfall would take the shares back to the original placing price to bolster and stabilise their existing subscription.

Let us see what unfolds.

Touchstone currently has $33.5 million in outstanding debt across its two term loan facilities and revolving loan facility. On May 12, 2025, TETL executed the Amended Loan Agreement, which includes the following key terms:

· a new $30 million six-year non-revolving term loan facility, with no principal payments due in the first eleven months, followed by twenty-one equal quarterly repayments;

· revised financial covenants; and

· a two-year extension of the maturity date of the existing revolving loan facility, with optional two-year renewal periods subject to mutual agreement.

-- Nobody is privvy bar the company and lender (or those made inside) to what the revised 2 covenants were so perhaps the 4th revision included the equity element. Nothing sinister on this part, more the short comings of Portillion and its execution.

Long await news and a perfect storm.

Oil and Gas both up and a waive of the majority of bonds makes this an even more lucrative deal.