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TXP Touchstone Exploration Inc

50.50
0.00 (0.00%)
18 Mar 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% 50.50 159,023 08:00:18
Bid Price Offer Price High Price Low Price Open Price
50.00 51.00 50.50 50.50 50.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 28.35M USD -3.2M USD -0.0136 -65.44 208.45M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:15 O 25,000 50.35 GBX

Touchstone Exploration (TXP) Latest News

Touchstone Exploration (TXP) Discussions and Chat

Touchstone Exploration Forums and Chat

Date Time Title Posts
11/3/202410:36Touchstone Exploration37,009
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
2024-03-18 16:20:1650.3525,00012,587.50O
2024-03-18 16:19:0850.60989500.43O
2024-03-18 15:13:4150.302,0001,006.00O
2024-03-18 15:00:4150.301,000503.00O
2024-03-18 14:49:4350.1025,00012,525.00O

Touchstone Exploration (TXP) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 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 50.50p.
Touchstone Exploration currently has 234,212,726 shares in issue. The market capitalisation of Touchstone Exploration is £208,449,326.
Touchstone Exploration has a price to earnings ratio (PE ratio) of -65.44.
This morning TXP shares opened at 50.50p
Posted at 04/3/2024 08:43 by dunderheed
Thanks red, thought you were piling me into the confirmation bias club there!
I do like TXP but we have to be honest here, it is hardly a "genius" play or "new" strategy to go and re look at previously uncommercial but interesting historic wells?!
I have only ever been here for Casca and there were times I thought they could even f this up as well!
Some of the ludicrous commentaries znd share price predictions without tempering the risks involved have just been downright "rampy".
However best of luck to all, that's what makes a market and, here's hoping we can all make a nice profit now.
IMHO.
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 08/2/2024 17:56 by spangle93
If history in TXP has taught us one thing, it's that the RNS announcing logging results has, for all wells since Casc-1, been the high point.

Post 36836 suggests "Highly productive sands extending significantly to the east". Not in the RNS. It doesn't mention productivity. It doesn't mention what portion of the 525ft is pay (or if they equate sand to pay then what proportion they will perforate). It doesn't even mention that they've found gas - just "hydrocarbon". You have to infer that because there are plans to connect it up to a gas facility, and that it's in a field that has previously tested gas (when they expected oil). But in two wells so far, the liquid announced has changed between logging and testing, and in other wells, flow has not come close to that imagined from the logs - whether it's water, or cement, or skin, or ...

So while I'm delighted that the share price has for once closed higher than it started, and I'm pleased that we've drilled the well underbudget, it is not a case of "all risk off", just a fair number of risks off.

I'm sure that this will attract the usual red thumbs, comments such as "oh, just trying to get in a lower price" and all the other standard fare. But it feels that we're getting just a little ahead of ourselves.
Posted at 02/2/2024 13:26 by 11_percent
Ok.....we need an other tune.......TXP..... "I'll Never Find Another You....Extended Fan Version"......for all those TXP fans......of a certain age.....of which I suspect there a few around here.


One of the most beautiful voices in music history. Her timbre, tone and power, was unmatched at the time. She sang brilliantly up until her passing.....Judith Durham.



===============================

Arrow is the reaction to PB presentation.....not too bad....down the next day...and bounced off the recent low....not a bad outcome....with no new surprises......the way we want it.....concentrate on the Casc 2 drill.....dont want anything else mentioned....no distractions......just leads to endless speculation.

Get a core story for the share.....keep the punters focus on that....not all the past speculation.

Focus on the Casc B pad drills.


Now going sideways on VERY LOW VOLUME.......the "fans" still hold......but no/few new buyers.
Problem is anyone new takes a look at the share price graph...and does an immediate....runner.


free stock charts from uk.advfn.com
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 10/12/2023 09:50 by worraps
As far as I can see, investing is a concept that existed in the past good old days. You could put your money into stocks and investments, and simply leave it there to grow. In the current modern world, the stock exchange has become a corrupt casino. Hedge funds have enormous power to swing stock prices like a pendulum. Unexpected rises and falls in share prices that have no logical explanation. No matter how extensive the research to select a good stock with prospects, it’s all a waste of time. Other powers are out there to determine which way a share price goes, to their own ends and profits.

It has become a gambler’s paradise, and an investor’s nightmare.
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..
Posted at 20/11/2023 23:06 by swallowsflysouth
For those of us who have retired, we have the problem of hanging on to our spare cash and making it work for us. the potential risk of inflation is now apparently receding There is a contracting pool of shares in companies who still reward their shareholders with reasonable dividends. One of the best bets left to us is to invest in companies that have the potential for impressive rates of long term growth such as TXP.
Irrespective of what type of investor we are we are all here to make money.
Lockdown has been testing in many ways to a greater or lesser extent for all of us. While i can understand boredom kicking in and tempers getting frayed we have arrived at an important point in the history of TXP and i for one would like to see a more friendly forum. There has been many delays along the way some of which were probably caused/worsen by covid caused issues.

I have found some incredibly informative posts on here, others are funny. Many are of interest, others leave me wondering on their mental capacities. However, these forums are for pi's therefore one should not expect the level of knowledge you would expect from professionals. There will be a mixed bag regarding knowledge and the ability to research, just as there will be different styles of investing. People make genuine errors, we may get concerns over our investment, or overly enthusiastic about them. Its all part of being human.

The following 12 months should correct the share price and clarify progress of TXP.
Touchstone Exploration share price data is direct from the London Stock Exchange

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