Member Info for tidd83

John yes that’s why CERP is circa £40m wirh less

Now only £13.5m You couldn’t make it up, no wonder people lose money on AIM.

John I think the market is catching on fine, the fundamental value of this company is strong. If people wish to sell out that’s fine by me, I’ll be around for the longer term as there is a clear reason to hold the stock in my opinion. Further weakness will just present further opportunity. The results were good and as I requested below, find me a cheaper E&P with similar figures.

John it doesn’t matter I’ll expect they’ll do that in a couple of weeks with the commencement of drilling. Whatever way you look at it this is a profitable business, with good reserves (booked on a portion of their pay zone) They have a good business model and are expanding their well program all for £14m as I said, find me a cheaper and profitable E&P on AIM - no chance.

They are also profitable the loss reported this quarter is solely due to exploration costs. If they sat still for a quarter perhaps people would be able to see the obvious? They are making money!

So they are materially higher.

Funds flow from operations for the three months ended September 30, 2017 was $1,387,000 ($0.01 per basic share) versus funds flow from operations of $1,567,000 ($0.02 per basic share) recognized in the third quarter of 2016. Funds flow from operations decreased in comparison to the prior year comparative quarter largely due to the material income tax reversal recorded in 2016.

Older it explains Q3 16 in the RNS “General and administrative costs increased 45% from the prior year third quarter, primarily based on additional fees associated with the Company's AIM listing, a $179,000 onerous lease reversal recorded in 2016, and less capitalized costs in 2017. Third quarter 2017 net finance expenses remained consistent with the prior quarter. In the third quarter of 2016, the Company reversed a $1,169,000 interest expense balance that was waived in relation to a tax amnesty.” When did they divest their loss making assets I believe that was just before listing on aim?

Operating costs reduced by 4% So we commence on an additional 4 wells in a few weeks ahead of a +20 well self funded campaign next year.

Generated quarterly funds flow from operations of $1,387,000 ($0.01 per basic share) compared to $438,000 ($0.01 per basic share) in the second quarter of 2017 and $1,567,000 ($0.02 per basic share) in the prior year comparative period. -- Realized an operating netback of $24.46 per barrel, representing increases of 25% from the second quarter of 2017 and 29% from the third quarter of 2016. -- Achieved quarterly average crude oil sales of 1,437 barrels per day ("bbls/d"), representing increases of 8% from the second quarter of 2017 and 13% from the prior year comparative period. -- Successfully drilled one well and recompleted three wells. -- Subsequent to quarter-end, the Company secured bonding to support its cash collateralized US$2,150,000 letter of credit relating to East Brighton exploration work commitments. -- The Company's Board of Directors approved the drilling of four additional wells on its Coora 2 and WD-8 properties; Touchstone expects to commence operations in December 2017.

Off for a gander

. I expect the results to also give a nice uplift / this is now capped at £14m. Not even half it’s realistic valuation so full 100%+ upside on my calcs.

Be patient, you buy on value and fundamentals and eventually it will come.. It took a while for TRIN but that’s circa 3-4x this mcap. TXP is a standout buy.. especially given the run Brent’s had. Some people don’t have a long attention span it seems.

Next week..

Of course!

Spreadbet

For another SB ahead of news.

The Q3 results. I expect them to be very very bullish and show clearly just how profitable this E&P is even ahead of the further well campaign. At £16m MCAP with strong reserve base there is only one way TXP will be going and that’s up. You should never sell what you can’t buy back and those dropping out now will struggle to get back in. It’s impossible to buy in size without premium the stock is exceptionally tight.

Using the various channels of forums and social media to just share the facts here. If we all make a concentrated effort the story will get out. You don’t need to even ramp it the figures are obviously strong enough to bag this from current mcap on the existing fundamentals.

Will shift this, moving up on little