Touchstone Exploration Share Discussion Threads

[kaos3] 26/4/2024 16:24

well - my gap got closed today btw

[dunderheed] 25/4/2024 16:08

It was probably the best ever meeting of Clowns life with the ("major") share holders / investors but I'm confused, the market doesnae seem to think so?
I'm assuming they (II's) are all waiting for the first one to blink.
All IMHO and dyor of course.

[11_percent] 24/4/2024 09:21

Ok.....we need a tune........"Slip Slidin' Away".



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


Long term......its still down.

If the pattern persists......its going under 40.5p


free stock charts from uk.advfn.com


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

Gap filled.....No news any time soon......its going under 40.5


free stock charts from uk.advfn.com

[dunderheed] 22/4/2024 13:00

Exactly redartbmud 37141- and people genuinely wonder why there has been no new II investment and some selling?!
So many complimacated conspiracy theories about why the share price is so low considering what wonderful assets we have! One of the “better” ones being that TXP management have been intentionally "acting" lower quartile and incompetent (so as to get a cheap private take-over (?!)) - another - it's the governments fault - hey why not the whole population of Trinidads fault - they seem to get blamed quite often elsewhere?
Of course then it's North's fault - for selling shares!
Now (again one of the “better” theories) it's PW's fault for selling shares in a very limited time space that is the "real" reason for no new II investment - some were so annoyed by this "behaviour" - instead of looking at it pragmatically and realising (generally all) II's look at such issues in the same cold hard manner - simply as how it solely affects their respective business cases - have transferred their own personal "annoyance and anger" in the blame game (and supposedly really should know better considering their “relative professional experience”) as to why the share price is so "low".
I prefer the simple explanation - the Calgary based bloated (over paid) BoD (why on Earth do they need such a large team?!) have significantly under-performed in comparison to their RNS'd and "informal" guidances historically - and the market and hence II's just don't trust them - simple!
I only ever bought this share for Casca - I just hope that a team who came up with the (time honoured) "novel" approach of re-visiting previous historic exploration assets and getting "lucky" - have the "nous" and experience onboard - to plan, cost efficiently develop and maximise the reservoir evolution, of what could be a relatively large on-shore gas asset.
As ever all IMHO best of luck to all and DYOR folks!

[sirmark] 22/4/2024 12:13

Level 2 well poised for a tick-up with level 2 current 6 v 1 so last stock left at 44p IMO

[redartbmud] 22/4/2024 09:56

John

Seismic change in circumstances since PB announced an imminent $200m wall of cash about to explode on the scene and that no further borrowing would be required as all drilling would be funded from revenue streams.

Or was I dreaming about 'somewhere over the rainbow?'

red

[11_percent] 22/4/2024 09:17

"Wall of debt"......lol.

This is going to make new lows........come back in 9 months time.

[che7win] 22/4/2024 08:07

Excellent, full development, aggressive growth.

[redartbmud] 22/4/2024 07:55

Is this latest Rns the 'wall of cash' promised by PB some time ago?

Thought it was meant to be an inflow, from sales of O&G, instead ir is a 'wall of debt' owed to the bank.


red

[fireplace22] 22/4/2024 07:11

TOUCHSTONE ANNOUNCES CLOSING OF EXPANDED BANK FACILITIES



CALGARY, ALBERTA (April 22, 2024) - Touchstone Exploration Inc. ("Touchstone", "we", "our" or the "Company") (TSX, LSE: TXP) announces that, further to the announcement on March 4, 2024, Touchstone Exploration (Trinidad) Ltd., our wholly owned Trinidadian subsidiary, has entered into the third amended and restated loan agreement with our Trinidad based lender (the "Amended Loan Agreement").



The Amended Loan Agreement provides for an additional $10 million five-year non-revolving term loan facility and an increase to our existing revolving loan facility borrowing capacity from $7 million to $10 million under the terms previously announced.



As a result, Touchstone's credit facilities currently consist of our unchanged seven-year term loan facility, the new five-year $10 million non-revolving term loan facility, and the increased $10 million revolving loan facility. The existing seven-year non-revolving term loan facility has a current principal balance of $19.5 million, with thirteen equal and consecutive quarterly principal payments of $1.5 million outstanding through to the June 15, 2027 maturity date. We have $7 million drawn on our revolving loan facility, resulting in an aggregate $26.5 million in bank debt principal currently outstanding.



We intend to fully draw the new $10 million non-revolving term loan facility to finance our 2024 capital program as previously set out in our December 19, 2023 announcement and expect to use the additional revolving loan facility credit capacity for general working capital purposes on an as needed basis.

[eggchaser] 22/4/2024 07:09

What's the RNS say Zxie as for some reason it does not show in the ADVFN app until later in the day?

[the_gold_mine] 18/4/2024 19:17

TXP is making progress on the road & flowline project from our Cas C surface location to the Cas facility. Clearing of the flowline right-of-way is complete, and the roadway & culvert crossings are progressing, which will provide ease of access throughout the Cascadura field.

[dunderheed] 18/4/2024 12:57

EDIT as is the other two attendees I believe S93?
I also believe the nomenclature for said meeting is actually "an alley".
I try and learn something new every day, I do, me.
I'll get me coat and as ever all IMHO, DYOR, mumble mumble.

[spangle93] 18/4/2024 12:30

I can't see Malcy asking that question, kaos.

His technical knowledge is legendary ;-)

[kaos3] 18/4/2024 11:59

having my bad mouth running - we need the interview to fill my lower gap lol

well - there can not be many new facts told

i wish they would explain why the work over did not work as hoped for and what is going on with the licences ... the present situation

[zho] 18/4/2024 10:28

"Malcy, Will the interview be recorded and shared, if so when will that be please?"

Malcy: "Yes, I met with him and James Shipka COO yesterday. It was a detailed chat and we talked for over two hours, I will write up my notes soon."

[zho] 17/4/2024 08:25

FWIW, it seems that Malcy is meeting Paul B today:

[leoneobull] 12/4/2024 21:25

1000 investors thank Pro for his diligent research.

[eggchaser] 11/4/2024 17:24

lol I have now....

[chessman2] 11/4/2024 15:34

EC, Surely most posters have ashkv filtered.

[eggchaser] 11/4/2024 14:26

Dunder apologies, when using the ADVFN App and replying as I did to the poster referred to (as I have done with this reply to you) means that above the post number, the site presents my avatar with an arrow pointing to the name of the person being replied to - so clear to those using the App whom my comments were aimed at. The App also provides the ability to view the conversation which obviously removes all the other posts between.

That said, I would expect at least an apology from you within a reply regarding the misunderstanding as a fair trade to my detail provided and whilst I don’t suggest you down load the app, I’ll note instead your request or name the poster to save any confusion. The post has been edited to maintain status quo.

Like you, I would be more than happy to convey my displeasure in someone referring to me, in person as you have in your post… which I am sure you didn't mean given the context?

[kaos3] 11/4/2024 11:27

remember for what i was getting it
double boTTom