Member Info for tidd83

Having read Greg’s post and modas operandi I would suggest not to engage. I have reported the posts/vendetta to admin to review.

Chinook is now close to total dept, with the existing discoveries values already dwarfing the MCAP and an announcement also due imminently around the gas contract with State owned NGC revenues will do the talking.

TXP fully funded both for Chinook and Cas Deep.

Besides which, the half yearly are historic - this is monthly up to date.

There should be a trading update issued before the end of the month, I expect it to be positive.

Maybe the same as Cas corpse, the reflective deeper zone masking out the gas.

As we all know, there was no interest in gas back in the 60s, this I firmly believe are what TXP are chasing with oil as the added bonus now.

*Why is it out of the realms of possibility...

I would very much disagree, given the hype over at GGP pushing on to an MCAP of £910m.

Why are the realms of posibility for a £35m MCAP to rally strongly in a surging copper market with the right news behind it.

The SPT reform has been talked about for years the significance for the proposals to actually announce a change as early as October should not go unnoticed.

It will be huge for T&T and yet another perfect result for TXP.

Up to around 74p

Irrespective of the result at Chinook what they have achieved at both COHO and Cascadura is already not reflected in the share price.

When Cascadura comes online with the additional well also in tow they will be printing money all of which will be coming from the supportive government as and when the NGC deal is announced (which doesnt sound far away).

The bonds refinancing have been discussed as far back as June.

A discussion around the bond structure ahead of a covenant test post COVID for a company that has since returned to normality is no different to ANY other company that has been affected during the pandemic.

In regards the going concern comment, that is standard and expected practise. Most small caps post an emphasis of matter statement periodically - the difference here is, IPF actually has a business that is clearly generating cash. The pay down of existing debt and increased headroom on lending facilities signifies just that.

No reason to doubt they won’t refinance and it sounds from the interview they are already months in to the discussions.
Business has retrurned largely to normal and a great collection rate - they’ll certainly weather the storm. Flush this seller and it should begin to lift.

https://www.touchstoneexploration.com/wp-content/uploads/2020/09/September-Presentation-FINAL.pdf

The recent announcement of the consortium shows a wealth of bluechip farminee partners.

An announcement of the development plan and full farm in will rocket this. At present LOGP are sitting on a proven 2C resource of 340m barrels with 20% net ownership. That is some 68mbo at 2C and a market cap of just £9m.

Cash burn is miniscule and institutions and brokers plus BOD are holding over 50% of the stock.

We know what will happen next - complete re-rate.

I think you will find my calculations are bang on the money but if I am wrong please feel free to post yours.

Post rights issue and pre-consolidation the shares are worth around 4p.

Why would I want to buy at 50p let alone 60p?

Must admit I don’t post here but have been holding for years.

Finally the news we have been waiting for, a huge portion of debt to be secured for project financing is excellent.

This should trigger a complete re-rating now.

Indeed 1750, good things come to those who wait!

Opened at 80p

Oops wrong group

Opened at 80p