Member Info for tidd83

Summarises precisely why this company is ludicrously cheap. 121 Oil and Gas Investor Presentations - some interesting comments from the TXP CEO "The 4 new wells after 120 days are currently producing a combined 325 bopd"/(average of 81 bopd per well - ALL from the deeper plays). "Cost of drilling each new development well(inclusive of the deeper play) has dropped by 30% over the last 14 months and is now below $1m. Remarkable considering the productivity were are getting from them." "If you look at the performance of the first 4 wells targeting the deeper plays, that has now given us the 'proof of concept', we think that getting to that 2,000 bopd in early 2018 is not going to be a big issue" "This is a posiive cash flow business currently generating circa $500,000 to $600,000 per month." At current oil prices - "at about 2,000 bopd we can consider paying out a dividend because of the cash position we will have on the balance sheet going forward' "Four of the 20 wells planned for 2018 will be exploration wells drilled on the Ortoire Block." "Q3 Results reported on November 13th will be more reflective of the performance of the last 4 wells(compared to Q2)".... "and will see the cash flows start to ramp up" "As far the the work programme goes, although many people are focusing on the next four wells we drill, what i really would like them to get focused on is the continuous well drilling programme that will start in 2018 - the 20 wells targeting the deeper plays utilising the new pump technology that we have"

Wordog id agree a cash call may come down the line however I do believe that there will be an issuance of news prior to any raise is considered and I’d expect it to be positive and show that the company has made progress at turning the Business around. The SP should react positively and they can take the cash with added sentiment and volume.

Kums this is excellent news for TXP I can’t believe the price isn’t moving. Perhaps another SB addition for me shortly ahead of results which I expect will give the market a jolt when they’re published.

Background buying

Now at $62.50 All going through to bottom line, this has to be the cheapest profitable oil producer on AIM!?

I think the Q3 update is going to look rather tasty, we may also get news on operations for the next 4 wells for the 2000bopd target

To take some more of this drops again..

Spread tightened up, this will see a correction north and I’d imagine pickup steam as it does. As always sentiment returns and right now this has been massively overdone. Recovery plays that are dropped heavily on minimal reason (in this case a delay) always overshoot. I made similar purchases of CMBN at 60p, NCC at 90p, PFG at 440p. Look at those charts now.

HUM and TLOU and here older, all three are extremely undervalued and about to transform themselves.

Change of hands, nice base to move up from. Get the weaker panicked sellers out and pass to the more patient and comfortable holders. Never sell yourself short of fair value, too many people lose money this way and those some ones then go on to pay inflated prices for overcooked junk.

Pushing north, this should be moving higher on fundamentals - opportunity here

A drop came to 13.8p and was moved back north to blue and a new high of 16.5p. Could see the same again here

MMs are really going to have to move this up north to induce liquidity nobody is going to sell here given the low value, another great post by MT. “TSX - TXP 28c/16.5p Brent now up to $61.3 - as i understand the CEO, above $50 Brent the 2018 programme of 20 well drillings and 24 well work-overs is self funding. Currently, for every $10 rise above $50 Brent, TXP is generating an additional $5.5m of annual revenue/cash flow(less taxes) at 1,500 bopd, which would rise to $7.3m at 2,000 bopd. At $61 Brent, TXP at 1,500 bopd is probably generating a ridiculously high percentage of the current market cap in positive cash flow.”

At the current POO, on 1500 bopd, TXP will be generating $6m more revenue per annum and probably a very high percentage of that in additional cash flow, than earlier in the year, where the POO was averaging $50 Current market cap of £16m makes little sense.

We should already be at 30p even before any further production. The NAV on booked oil alone excluding the revenue stream is worth more than £16m.

To see how the investors attending the conference today digested the presentations given by TXP against its peers CERP and TRIN. I’m sure well get a good idea tomorrow.

Good evening, good to see you over here..

Cannacord was the seller, volume should kick this now. Good opportunity to load up cheap, I’ll be taking some more this morning.

The drop last week was taken up well, the MCAP here is still only £16.5m again too low and why stock was heavily bought up. Only way to shake selling will be to move this up, if they don’t the market will stagnate because it’s already nigh on impossible to get a buy quote. We all know the value here.

Sparky let’s see if they start buying in on market and take a controlling 30% stake. Whatever way you cut it, the upside from here is much more significant than the down. Market was clearly p...ed off and with good reason however when toys come out the pram on a knee jerk reaction there will always be an opposing view to pickup the pieces. 80p target.