RE:TXP must be running low on cash1. The last presentation confirmed £7.5million in cash reserves at present
2. current production covers most of the day to day running and exploration costs. Accounts from 2019 show TXP made a loss of $5.6million despite spending $10.1 million on exploration. If you take out the exploration costs profit would be around $5million. This could be higher at present due to the higher Brent prices
3. PB has stated in numerous interviews they do not need to raise funds. We can see from pictures that Coho is close to completion and will bring in an additional $6million per annum.