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Share Name Share Symbol Market Type Share ISIN Share Description
Touchst EX Di LSE:TXP London Ordinary Share CA89156L1085 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.20p +1.54% 13.20p 12.50p 13.00p 13.00p 12.75p 13.00p 521,799 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 18.8 3.3 -0.6 - 17.02

Touchst EX Di Share Discussion Threads

Showing 4551 to 4573 of 4575 messages
Chat Pages: 183  182  181  180  179  178  177  176  175  174  173  172  Older
DateSubjectAuthorDiscuss
20/1/2019
19:07
zho - post 1465 is one example and also on the Trinity and JTC threads. The global shipping fleet which represents 5% of global oil consumption is currently the last outlet for low cost, high sulphur 'dirty' oil. Although shipowners have two options regarding compliance, the least expensive over the short/medium term is likely to prove the capex free route of switching over to low sulphur fuels.
mount teide
20/1/2019
17:11
>>Zho - i have been writing about this since the shipping industry early last year ..>> This is the first I've heard of the new rules - I must have somehow missed your posts.
zho
20/1/2019
16:12
From "Jan. 1, 2020, new clean fuel rules go into effect for all cargo vessels and ships mandating that they switch out dirty bunker fuel for cleaner low-sulfur fuels" ... which will boost the oil price, according to: hTTps://www.washingtonexaminer.com/policy/energy/oil-prices-could-soar-heading-into-the-election-year-as-new-clean-fuel-mandate-kicks-in
zho
18/1/2019
18:19
Brent or WTI? Brent - maybe. WTI - seems unlikely.
rossannan
18/1/2019
17:36
Oil breaking recent highs. I dont expect oil to climb in a straightline, dips along the way but we are in a solid uptrend now. $70 within 8 weeks imo.
ileeman
18/1/2019
15:50
Oil price looking a little cheerier so have put a couple of toes back in the water this afternoon. Will see how it goes, but it has already become clear that I paid 0.2p more than I needed to!
rossannan
17/1/2019
23:22
"If all goes well" RRL will enter the FTSE 100 this year.
rossannan
17/1/2019
21:07
He said in recent interview if all goes well they can easily add 10000 barrels a day production from these fields ontop of current production. If that is not transformational for a £15million company I dont know what is lol Great news today, great operational update earlier in the week...oil price holding expect it will break higher soon enough. Price not reflecting fundamentals, opportunity.
ileeman
17/1/2019
18:54
..'So a 50% uplift if the best estimate resources are converted to 2p reserves.' - That's good, but is it 'Transformational'as suggested by PB! ..'The above confirms Ortoire is a good addition to TXP.' - Agreed, but is it 'Transformational'! ..'There is also the chance the high estmate comes in, which would mean $300m extra NPV..' That may be Transformational, but what is the COS for that!
red rook
17/1/2019
18:01
ZENGAS, thank you for the further clarification. On a net risked basis, Ortoire adds about 9.2 mmboe best estimate resources to TXP's 18.5 mmboe 2p reserves on 31/12/17. So a 50% uplift if the best estimate resources are converted to 2p reserves. TXP's 2P post tax NPV10 was $157m in the 31/12/17 reserves report. The Ortoire best case net risked NPV10 is $108m, so a 60% uplift. The Ortoire report has a more aggressive price curve (e.g. $73 Brent in 2020 cf. $69 in the 31/12/17 reserves report) so the % NPV increase is a little less than 60% in reality. The above confirms Ortoire is a good addition to TXP. There is also the chance the high estmate comes in, which would mean $300m extra NPV - an outcome that would surely lead to a big rerate if TXP keeps a high ownership stake. I'm still surprised by the low recovery factors though.
mr. t
17/1/2019
15:51
In place is what is estimated to be there. Unrisked is the amount they estimate to recover on low-mid-high basis if all parameters met that they are using to work from. It's then risked for a percentage of that.
zengas
17/1/2019
15:42
Buffy, thanks for your comments. You're right it is 93bcf gas, not sure where my 84 came from.I think I'm comparing unrisked in place vs. unrisked recoverable, which is why I think the data infers recovery factors of
mr. t
17/1/2019
15:35
And what else were we expecting?
rossannan
17/1/2019
15:23
"This independent prospect evaluation provides confirmation that the prospects that have been identified by the Touchstone team are of a significant size and provide an excellent opportunity for a step change in reserves, production and net asset value of the Company"
ileeman
17/1/2019
15:14
iLeeman"With the report today the company is significantly derisked"In what way does the report today significantly derisk the company?
rossannan
17/1/2019
14:30
Aside from the fact I made it 93bcf of gas gross, are you looking at unrisked in place v risked recoverable? Buffy
buffythebuffoon
17/1/2019
09:12
Although I'm no longer a holder, I'm still interested in TXP. The Ortoire independent report has lower numbers that I expected - am I missing something? Adding together unrisked gross contingent and prospective resources in the announcement today, the best case is about 9 million barrels of oil, 84 bcf gas gross, and 2.7 million barrels of natural gas liquids - or about 27.25 million BoE total. In comparison, the Nov 18 slides on the website have P50: Herrera gas in place - 40 bcf shallow + 32 bcf deep Balata oil in place - 74 million barrels North + 361 million barrels South Ortoire Central gas in place - 440 bcf If those figures are still true, that would give a recovery factor of <20% for gas <5% for oil. That's surely too low? Have I made an error in the numbers or calculations?
mr. t
17/1/2019
08:59
Yes posted one of the key points. Added a few more this morning, CEO stated drilling will start Q2. With the report today the company is significantly derisked, valuation is way off by the market.
ileeman
17/1/2019
08:49
During the online presentation there was a great bit where something along the lines of "The issues is not finding oil in T&T it is finding out how much you find". If that applies to Ortoire, which the comment would seem to imply, then that is nice. The independent valuation looks very positive for large quantities.
lauders
17/1/2019
08:34
iLeeman - ref 3628 - I think you pulled the most important nugget from a dense document. AIUI It's pretty much saying that for this category, the only risk is not getting a licence. Obviously I haven't seen the data that they have considered, but that chance is higher than most development wells that are drilled around the world, so I think it's optimistic. Nonetheless, it's pretty comforting that an independent group states that a number of these Ortoire structures are at least appraisal wells, if not development wells.
spangle93
17/1/2019
08:34
Other timeframes are also available...
rossannan
17/1/2019
08:07
S/P relative performance - 2018 summer high to end of December oil price drop lows: -56% / TRIN (27p doen to 12.0p) - plus 40% dilution -45% / TXP (21p down to 11.5p) - no dilution
mount teide
17/1/2019
07:58
Looks great news to me. As I said, current price is a buying opportunity. If it doesn't react to the news today an even better chance!
lauders
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