This company has KNOWN oil deposits in the ground which have been independantly valued at $12 million.
Now that oil is increasing in value and a world shortage this valuation must now be worth considerably more. THE SHARE PRICE IS TOTALLY UNDERVALUED and will have to be re-rated upwards. Any views or up dates on this suggestion.

Bruce Rowan's Sunvest Group have a stake of 8.000.000 million shares or 10.8% Bruce Rowan is involved with Share Shop PLC An investment company I beleive.

Texas Oil and Gas are making real money.

nearly 2 monthes no news,how many bopd,any one knows,only have some knowledgeof no.of wells in production.

From my forraging through their web site, it seems that their annual production is circa 24000 Bo ( 65 bpd ) With revamping of older disused wells this will increase. I read on another site that the average production on these sites is 5 bopd. Check www.texasoilandgasplc.com

Thanks solipa,still a TXO holder at 17 slid down since i bought.

Thanks solipa,still a TXO holder at 17 slid down since i bought.

Thinking of buying in for a fairly rapid (6 months) doubling in price. Have emailed FD for news of when March 2005 accounts to be published. Recommended by Tom Bulford in May RHPSG after meeting with Mike Chandler - seems very positive about low risk prospects for making shut in wells economic at $30-50 per barrell. At $60 should start to see some action.

My guess is these shares are below the parapet of most investors currently. Anyone know who holds these in volume?

Looks like we may have hit a bottom, but we could drift further back to the 11-12p suport level of 2003. I'd love an RNS with an update on production/proftability.

sd

Anyone still in TXO ?
I'm thinking of buying some this week.... Finals are due in Aug. should be some potential for the SP to rise ?

Anyone still in TXO ?
I'm thinking of buying some this week.... Finals are due in Aug. should be some potential for the SP to rise ?

Watching them closely since RHPS recommended them - like the proposition, simple easily understood business. Get an old well with 40% of its contents removed under natural pressure, install a submersible pump and pump out another 20-40% into a $60 per barrel oil price. Nothing fancy, just profitable - and he has a couple of hundred or so of them.

sd

BTW - I got a reply to my enquiry whiuch I forgot to post. Here it is.

TXO will be issuing their year end results towards the end of this month, which will be followed by the publication of their annual report.

Kind regards,
Yvonne


Yvonne Bate
Aquila Financial Limited
90 Long Acre
Covent Garden
London
WC2E 9RZ

Big question - buy now on spec - or wait for results and risk missing the first jump in SP??

Any suggestions?

sd

stockdog.... thank you for the information about the results timing - likewise I have been watching them closely as well since RHPS recommended them -
I'm not going to wait..will buy in next couple of days... SP is near the bottom of it's trading range so downside ought to be minimal... however,,, when i go into a share it normally goes down fo a variety of reasons I hadn't reckoned on... so ... in for a penny in for pound as they say !

I got a dummy trade quote of 15.19p this morning - I think that's as good as it will get, although it would be aesthetically pleasing to get under 15p.



Forget all that - just checked the price and bought at 14.7p!

sd

If TXO are posting their end of year results soon, and the share price at this stage is at its lowest, I feel that it may be a fair indication that the results may not be that great. What do you think?

They will not be brilliant for last year, since they have only started to bring their newest acquisitions into commission late in last trading year. But the trading update for the first few months of this year should be highly encouraging.

I am keeping to a tight stop loss on these in case you are right.

sd

Well, I'm in ! had to pay .155p... as always, the offer ticked up as I made my mind up to buy in ... this is normal for me and the stocks I go in for...Also, another warning.!!!!.. the shares i buy that are tipped to double..... usually loose 50% of their value in the first few weeks/months and then do nothing ! don't know why I bother most of the time...
Let's see if it's different with this one ! :)

Thanks Skyhigh for that encouraging commentary - would you mind if I made my profit before you bought in and jinxed them next time please!

This is a bit of a speculative one for me - I like the story and, at $50-60 a barrell, makes good money. But can't read the market in these shares which is very thin most of the time as to timing. If we do fall through the recent 14p support on results then we could go back down to 11.5p, but I set my hopes on a bog standard expected result for last year and healthy forward looking prospects for the current year which may well lift the SP back up through the 200dma to the 17-20p trading range where it may mark time until the half year trading update at end of September before moving higher towards double its current price within 12 months from now. Any intervening good news will accelerate this process.

Anyway, that's my game plan. My actions will be governed by the deviation of reality from it.

BTW don't fret about paying 15.5p - the extra .5p is irrelevant to the broad success or failure of your investment. Enjoy the ride.

sd

What's happening today?

Spread widened to 18%! bid stays the same at 14.5p, offer goes up to 17.5p - don't MMs want to sell whilst we wait for results in next few days (end July I was told by both the company and their PR co - that's today, but I don't see it yet - probably Mon or Tue)?

Any ideas?

sd

Can't be bad... bid has now moved up as well ! looking good since i went in last week.... hoping for big leap in SP on results release... :) also oil socks strong today...

nice end to the week on a strong note, ready fior action next week on results, I hope. Chart looking perky too.

stockdog,

well i think id like to see the downtrend pierced before any purchase!!!

on the watchlist for now

aimtrader - agree these are quite speculative at present. But the downward pointing triangle - bounded on top by the March peak to the recent July peak whilst the lows have fallen less fast - was technically broken upwards in the last couple of days.

I guess you could wait for the SP to break decisively up through the 200dma and the 25dma to break up through the 50dma for a more certain signal.

The forward looking statement(s) in the results will tell all soon enough. I'm optimistic, but impatient that they missed publication in July as promised in their emails to me. Can't be long now, though.

sd