From British chat group --- email to TXP
Taken from FB and ADVFN.
«That's exactly what I have done cfc. I emailed him on this very issue today and I have just had this prompt response from him directly. I have his agreement to pass this on.»
"Thanks for the email and your interest in TXP. Myself and The Board share your same perspective on funding. We are fully funded to test the Cascadura well and tie-in coho so no immediate need for cash. If we do need further funds we have a number of options ahead of equity. We can do a prepay on the natural gas, extend the existing facility, and finally wait for cash flow from the two projects to fund further drilling. Please feel free to pass this response along to whoever you feel appropriate. Cheers Paul"
I think this knocks on the head quite firmly any idea of a placing or rights issue. Thank you Paul.