RE:Raising cash on LSEMight be missing something but the listing in UK was by way of pp in Feb 2019 "On February 26, 2019, the Company completed a private placement directed toward United Kingdom institutional investors, whereby gross proceeds of $5,013,000 (£3,800,000) were raised by way of a placing of 31,666,667 new common shares at a price of C$0.21 (12 pence) per common share."
TXP are going to need cash as their current prodn is falling and zero revs will come from new finds until well into 2020, and these finds (and planned drilling) will entail significant additional expenses.
Saving grace is that term loan amount was increased to $20MM in Oct 2019 so they have what shud be sufficient wiggle room under this to complete new production and undertake possibly both additional drillings.without equity raise. My only caveat to all this is that actual prodn capability from oil find has still to be proved out.
All in all seems that this current sp will need confirmation of progress with gas prodn and then the oil finds actual feasibility to move substantially, but this is merely MHO