Member Info for tidd83

Just printed. Looking better now

Look at Baays previous history. Done this before.

Nice gap to full.

Playing a blinder here, people will be paying over soon to buy these back at these levels.

Due to volume thunder, see how it tightens up with an increase during the day.

Should see a correction here imho. Sentiment took over and stops were clearly hit on the way down, distressed seller offloading into the mix didn’t help. Volume picked up into close with plenty of buying pressure to tick back up, if seller is flushed this should recover a decent way.

Morning Kums

Is very tight, looks like prior to some sells yesterday you could only pickup 20k orders. Tells you all you need to know, demand is certainly outstripping supply. Price has consolidated nicely and heavy money in around 15p range, next leg up should tag 20p

Causes today was due to the trading update coming out with bad news so close to the previous statement which is a little odd since they must have known something at the time. Perhaps they believed it would be resolved earlier but things ran on so needed to issue the update, regardless the drop is a typical over reaction. As I said the news isn’t the best but it’s more than been priced in, people taking placing shares bsck in August at 160p we’re obviously happy at the time and whilst there is delay the contracts remain in the pipeline. To come in at 50p now for me is worth the risk. Let’s see how it develops, sell off seemed to lift at close so if distressed seller is actually clear this should see a blue day once people have calmed down and slept on it.

Here for more than 10% personally babbler. Someone’s soaking up the slack wait for the late prints

Just sit tight

A distressed seller exiting. Id imagine this has caused the overshoot - let it clear and it should pop.

AL aggressive yes, however as things stand and until we know more the market has priced in for a large portion of failure. Interesting they didn’t take so much risk into consideration 2 months ago at 160p

Yes Babbler

To secure $30m NPV - sounds like a no brainer to me. The current MCAP still does not value in existing 1P reserves as they stand today. 1P NPV (10% discount after tax) of $72.7 million with a reserve life index of 15.1 years 2P NPV (10% discount after tax) of $130.7 million with a reserve life index of 24.0 years

And very pertinent, see below: “$3.5m of investment on recompletions unlocks $30m of P1 reserves. Love the prospects here.” “Spoke to a friend who lives in Trinidad and knows the sector. They prefer TXP to Trin, although agrees both are good prospects, but 1 reason is that Trin management have no great incentive to make money for shareholders as they have made their money already (Venture selling to Centrica) whereas TXP management are heavily invested, mostly at much higher than current price, so need it to succeed for their personal wealth creation.Senior management's personal motivations are key to look at in small companies.”

Still a big piece to do with lack of awareness from the wider market I feel. The O&G presentations lined up in London shortly will help a great deal but does no harm for each of us to spread the word with friends and on social media. Generally how the story travels.

Some pressure in and this should really move this afternoon.

The right type of Company to be in and at the right time. Undervalued fundamentally already offers a nice discount especially against peers. Influx of news expected near term on drilling and additional production. A good board with a decent track record and riding a positive uptrend. The huge discount for entry on getting to a realistic valuation is a bonus. What other companies especially in the O&G sector a cash flow positive, in production with an MCAP of sub £20m?

About to crack then should run on nicely..