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TXP Touchstone Exploration Inc

43.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Touchstone Exploration Inc LSE:TXP London Ordinary Share CA89156L1085 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 43.50 48,171 08:00:00
Bid Price Offer Price High Price Low Price Open Price
43.00 44.00 43.50 43.50 43.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 35.99M USD -20.6M USD -0.0879 -8.42 173.32M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:16:52 O 2,779 43.40 GBX

Touchstone Exploration (TXP) Latest News

Touchstone Exploration (TXP) Discussions and Chat

Touchstone Exploration Forums and Chat

Date Time Title Posts
18/4/202419:17Touchstone Exploration37,133
04/3/202413:56Touchstone Exploration - Production and High Impact Exploration1,607
21/11/202308:19Touchstone Exploration - TXP - Charts and more...136
10/11/202315:00TXP - Further Exploration8
18/12/202200:15Touchstone Exploration - 2014 - A new dawn895

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Touchstone Exploration (TXP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 15:16:5343.402,7791,206.09O
2024-04-19 14:04:2443.2623,12610,004.31O
2024-04-19 12:14:1443.661,117487.68O
2024-04-19 09:22:3343.5010,0004,350.00O
2024-04-19 08:12:1343.501,149499.82O

Touchstone Exploration (TXP) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Touchstone Exploration Daily Update
Touchstone Exploration Inc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TXP. The last closing price for Touchstone Exploration was 43.50p.
Touchstone Exploration currently has 234,212,726 shares in issue. The market capitalisation of Touchstone Exploration is £173,317,417.
Touchstone Exploration has a price to earnings ratio (PE ratio) of -8.42.
This morning TXP shares opened at 43.50p
Posted at 10/4/2024 13:51 by ashkv
I am of the view that TXP will not be meeting even the low end of 2024 Production Guidance.

The below Assumes that both drilled Casc wells come online on 1 July 2024 / and the Boe/d TXP will have to be averaging for H2 to meet 2024 Mid and/or Low Guidance

Total H1 2024 Production (Boe/d) Assuming Q2 Same as Q1 2024 (7,015 Boe/d): 1,283,745

TXP 2024 Low Guidance -> 9,100
TXP 2024 Mid-Guidance -> 9,400

H2 Production Total Boe/d Production To Meet TXP 2024 Low Guidance: 2,046,855 or 11,124 (Boe/d) H2 Production Average

H2 Production Total Boe/d Production To Meet TXP 2024 Mid Guidance: 2,156,655 or 11,785 (Boe/d) H2 Production Average
Posted at 10/4/2024 09:45 by redartbmud
Txp updated today - and the share price is down.

All I can comment is that in future PB doesn't sign off the Rns with his name, instead he should use:

'Clueless in Calgary'.

red
Posted at 10/4/2024 07:23 by buffythebuffoon
I held three company’s shares; SAVE, TXP & AXL in order of purchase. I wanted to raise some money and my clear favourite to sell was TXP. I sold, dribbled out, my whole investment in TXP and am completely out of them now. Of course, I only had two options in the first place and I wouldn’t sell any AXL.

Paul Baay has been a real disappointment but my bigger disappointment is in not listening to my gut which just after his ‘wall of cash’ interview was telling me I should revisit a comment that a fellow bulletin board poster told me about the Calgary type mentality of the man. He shared his time between living in Blighty and living in Canada and knew what he was talking about. Invest in the man only became a number one criteria for me slightly after buying TXP.

So what is the Calgary type? Paraphrasing his words it’s basically a man who flies by the seat of his pants whether he is wearing a suit or not. Think trying to herd the stampede. That’s the image I had. Even while talking with an even tone sitting at a desk the heart of the man at crunch moments is to grab what looks like an opportunity without seriously looking at the downside. Of course, maybe the upside for him was far greater than the upside for investors and he would always do well out of it. Good for him.

I’ve never really bought into the mantra of Buffett that the best holding term is forever. Look at the constituents of the old FT30…

The CAGR of an investment in TXP from the the start of the Ortoire acquisition has been and always will be very poor whatever happens.

I won’t be looking back.

Buffy
Posted at 21/3/2024 14:33 by ashkv
TXP has been a wonder share for me with an average entry price of 18-19p on my medium time frame trade which I exited around 100p on average as I sold out.

I track it and will continue to do so - if you go back and review on this very chat I highlighted Coho production concerns when it was not popular on this board!!! (If I recall correctly over a year prior)

Also appreciate perforations were underway - that is why I asked about January 2024 production information - was that provided prior? No info as to perforation operations results in recent RNS - which doesn't speak well as to reservoir performance!!!! The holy grail for any E&P firm!!!

I glanced through TXP's 2024 RNS and I couldn't spot the Jan 2024 Production figures on a cursory review!!!

If Cascadura turns out to be a Coho in terms of production profile - that Casc 2, Casc 3 etc - will only be a process of running to stay in place....

I am rooting for TXP and wish it success - but PB has not been straight... from way back (Chinook), Royston raise etc.

And has PB been buying TXP shares in size?

TXP Directors Buying?
Posted at 21/3/2024 13:58 by ashkv
Why the massive decrease in Cascadura production in February 2024?

JAM Tomorrow!!! Production Increase H2 2024 / End 2024.....

I am very concerned that Cascadura is another Coho :( Coho continues to decline steeply and now well below 500 boe/d as per Feb 24 production numbers.

Did TXP provide January 2024 production figures?

Paul Baay has not LEARNED - OPENESS INCLUDING ADVERSE DEVELOPMENTS SHOULD BE BROADCAST TO INVESTORS!!!

DODGY GUY DODGY COMPANY!!! FULL OF GAS!!!

TXP SHARE PRICE: 47.50p
TXP share price vs 52 Week low of 40.5p on 6 Feb 24: 17.28%
TXP share price vs 52 Week High of 94.5p on 7 Aug 23: -49.74%
Brent: $85.70
Shares Outstanding (From FY 2023 Update): 234,213,000
Market Cap (GBP): £111,251,175
GBPUSD: 1.27
Market Cap (USD): $141,288,992
Production Average Q4 2023: 8,504
Production Average February 2024: 7,081
2024 Mid-Guidance For Production: 9,400
2024 Year End Exit Production Guidance: 14,500
Net Debt (FY 2023 Results RNS): $22,581,000
Enterprise Value (USD): $163,869,992
Enterprise Value Per Barrel (USD) Q4 2023 Avg Production: $19,270
Enterprise Value Per Barrel (USD) Avg Production Feb 24: $23,142
Enterprise Value 2024 Mid-Guidance For Production: $17,433
Enterprise Value 2024 Year End Exit Production Guidance: $11,301
2P Reserves (Boe) Year End 2023: 67,379,000
EV/2P: $2.43
Posted at 12/2/2024 09:14 by dunderheed
I'm not going to get into waste of time arguments on free bbs che but (do have some limited spare time now and) if you look over the years at some of the ridiculous share price predictions constantly made and revised (next year Rodders) I'd say there must be quite a few people surprised at share price now but just my opinion.
A lot of other stuff has gone under the bridge to lead TXP to current valuation (downtrend set a couple of years ago in reality) as well as market conditions and I think a lot of lessons could be learnt here, especially in areas of continual positive bias.
This then affects people who may have over leveraged and hopefully that lesson will be learnt?! Often what people post on free bbs is in conflict with their private messages and opinions I can assure you but i have been pretty consistent with both, I'd say!!
I do personally think though, we are finally about to turn a corner and as stated I wait to buy more soon?
All IMHO and best of luck all.
Posted at 19/12/2023 16:03 by ashkv
TXP DATA POINTS

TXP SHARE PRICE: 45.00p
TXP share price vs 52 Week low of 45p on 19 Dec 23: 0.00%
TXP share price vs 52 Week High of 94.5p on 7 Aug 23: -52.38%
Brent: $79.00
Shares Outstanding (From Q3 2023 Update): 234,213,000
Market Cap (GBP): £105,395,850
GBPUSD: 1.27
Market Cap (USD): $133,852,730
Production Average Q3 2023: 3,391
Production Average Nov 2023 including Cascadura: 8,268
2024 Mid-Guidance For Production: 9,400
2024 Year End Exit Production Guidance: 14,500
Net Debt (Q3 2023 Results RNS): $29,919,000
Enterprise Value (USD): $163,771,730
Enterprise Value Per Barrel (USD) Q3 2023 Avg Production: $48,296
Enterprise Value Per Barrel (USD) November Avg Production w/Cascadura: $19,808
Enterprise Value 2024 Mid-Guidance For Production: $17,423
Enterprise Value 2024 Year End Exit Production Guidance: $11,295
2P Reserves (Boe) Year End 2022: 75,100,000
EV/2P: $2.18
Posted at 19/12/2023 09:59 by ashkv
JSE Share Price: 35.00p
Brent: $77.50
JSE Current Share Price vs 52 Week low of 21p on 18 Aug 23: 66.67%
JSE Current Share Price vs 52 Week High of 93.2p on 8 Mar 23: -62.45%
Shares Outstanding: 540,693,017
GBPUSD: 1.2650
4 Dec 23 RNS Revised Upward Range Q2-Q4 2023 Average Production Mid-Guidance (14,500 - 15,000 boe/d from APR 23 to DEC 23 ): 14,750
Jadestone Production Average from 1 Jan 23 to 4 Dec 23: 13,500
Current Production -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): 20,000
Production Average for 2022: 11,487
Debt (USD) (USD 200 Million Reserves Based Lending (RBL) Draw) as of 30 June 23: $111,000,000
Cash (USD) 30 June 2023: $118,782,000
Net Cash (USD) 30 June 2023 : $7,782,000
Available Credit (Remaining USD 200Million RBL Available + USD 35Million Standby Facility): $124,000,000
Market Cap (GBP); £189,242,556
Market Cap (USD): $239,391,833
ENTERPRISE VALUE (Market Cap + Debt - Cash) (USD): $231,609,833
EV/Barrel(USD) Revised Upward per 4 Dec 23 RNS Mid-Guidance for Q2-Q4 2023 Average Production: $15,702
EV/Barrel(USD) Jadestone Production Average from 1 Jan 23 to 4 Dec 23 (Montara Offline Q1 2023): $17,156
EV/Barrel(USD) -> Nov 2023 last 2 weeks Avg Production (As per 4 Dec 23 RNS): $11,580
EV/Barrel(USD) 2022 Actual Average Production: $20,163
EV/Barrel(USD) 2024 Forecast Production Mid Guidance (24,000 Boe/d): $9,650
Decommissioning Expense (Asset Restoration - HY 2023 Results): $574,656,000
EV/Barrel (USD) Top Guidance + Decommissioning Expense Including NW Shelf: $40,313
2P Reserves (Boe) as of 31 December 2022: 64,800,000
EV/2P: $3.57
Bloomberg Analyst Summary -> JSE Target Price (Avg of all 5 Analysts Reviewing JSE per BBG) as of 18 Dec 23: 75.25p
% Upside to 12 Month Analyst Target Price: 115.00%
Posted at 19/12/2023 09:59 by ashkv
AIM/FTSE in the gutter as far as valuations - Jadestone Energy / JSE a much more compelling valuation play.

Largely an oil producer at present - oil is sold at a premium to Brent in low tax jurisdictions.

In late H1 2024 high fixed price / high profit gas project comes online in Indonesia (unlike low gas price TXP deal with Trinidad for Cascadura) with a forecast amount of 5,000-10,000 boe/d which could take JSE to 30,000 Boe/d production in 6-9 months.

Current JSE production of 20,000 Boed with an ENTERPRISE VALUE OF USD 232 million at a share price of 35p!!! UNREAL

JSE has had a year of missteps but the Enterprise Value / Upside case is compelling. Some analysts have the target price nearly 3x current JSE share price levels of 34-35p!!!
Posted at 30/11/2023 14:37 by homebrewruss
Arguably it's been amazing that the TXP share price had stayed 'so high' for so long and it's actually the best value it's been for a long time right now..
Touchstone Exploration share price data is direct from the London Stock Exchange

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