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
  +0.00p +0.00% 11.75p 11.50p 12.00p 11.75p 11.75p 11.75p 217,792 07:32:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 12.12

Touchst EX Di Share Discussion Threads

Showing 1476 to 1500 of 1500 messages
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DateSubjectAuthorDiscuss
11/12/2017
15:56
Brent up 1.92% to $64.4
mount teide
11/12/2017
15:19
Thanks for putting up the Proactive video che7win, positive soundings from the CEO..
grannyboy
11/12/2017
15:18
So Paul wants the company paying a dividend 2019.Going above 2000 bopd, a positive outlook.
che7win
11/12/2017
15:07
Proactive video: hTTps://www.youtube.com/embed/D_eo5fydtpA
che7win
11/12/2017
13:46
Mount Teide I’m talking about TXP, not TRIN. You need to re-read what you were posting when TXP was 17p and also what I was posting. I was correct to be cautious, not least now that there has been a placing, and my point about whether TXP is cash flow positive is about what Q3 and Q4 are going to look like in the rear view mirror. Whether a company is cash flow positive at a particular point in the past is irrelevant once you’re in the midst of some hefty CAPEX.
rossannan
11/12/2017
13:02
ross - lol, you're continuing to come across as disingenuous - as explained at the time your comments were clearly coloured by seeing people taking profits at TRIN to put to work in TXP and personally missing out on the huge upside to 17p. To be asking other people whether TXP were cash flow positive after having bought and sold the stock, when a very basic level of research would have confirmed they were to the tune of $6m a year spoke volumes about the quality of 'research' you conduct prior to making an 'investment'. I along with many others were merely pointing out the level of undervaluation of TXP then as i do now relative to its peers like TRIN, where i also hold a large six figure position. Its interesting to note the percentage fall back in the s/p's of TXP and TRIN since both recently doubled is almost identical. Something you conveniently forgot to mention. If things go according to TXP's operational plan in H1/2018 and the current POO stays broadly where it is or increases then, i would expect to see returns from my TXP investment materially outperform TRIN's, due principally to the current valuation differential combined with TXP's expected 50% - 75% increase in production in H1/2018 from the continuous 10 well drilling programme. AIMHO/DYOR
mount teide
11/12/2017
12:15
Sounds good, but folk probably won't get excited about it until nearer the time the first results are due, that's just how it is. In the meantime they have to digest the placing.
rossannan
11/12/2017
12:08
Fair enough..but they are going to more then double the number of the well drilling program. And as Shore capital say, if they crack on then they can complete the ten wells in the first half!!. Sounds very good to me.
grannyboy
11/12/2017
11:01
grannyboyI was talking about the placing dropping, not the price dropping. The price only ticked down a little when the placing was announced. I guess what I'm saying is that 12.5p was beginning to look attractive with steady production just having been confirmed but even at 12p the immediate attraction has gone with a placing now in the mix.Mount TeideI certainly regret taking my profit just shy of 11p, but when this was at 17p and I was arguing that it had got ahead of itself and you were arguing that it was about to explode, who was right?
rossannan
11/12/2017
10:48
Ross is probably still smarting from selling out of TXP at circa 10.5p!
mount teide
11/12/2017
10:34
"until that dropped it was begining to look attractive but now there's clearly no rush" DOH!!!! If you thought it looked attractive at an higher price?, yet when it fell you've now come to the conclusion it's no longer attractive!!!
grannyboy
11/12/2017
08:27
che7winI didn't say that TRIN was valued fairly by the market, only that TXP appears to be, not least because of the recent placing - until that dropped it was beginning to look attractive but now there's clearly no rush. Things are going to get busier here, but not yet.
rossannan
08/12/2017
19:32
Shore Capital Note today: “Given the very high rates of drilling success achieved in the year to date, and resultant incremental production additions, we are delighted to see this planned expansion of activities and continue to believe that Touchstone has emerged as one of the most interesting relative value plays in our small cap E&P coverage universe.” By targeting a continuous 10 well drilling programme focusing on the deeper plays in 2018 - TXP has been able to reduce the average cost per well by 20% compared to the rate paid for the previous 4 wells, effectively getting the final two wells for free. Additionally, by carrying out a continuous 10 well drilling programme, it is possible that ALL 10 wells could be completed in H1 2018. The previous 4 wells took a total of 63 days to drill(average of 16 days each). Suggesting that a continuous 10 well drilling programme commencing at the beginning of Q1/2018 could be completed in H1/2018: Q1 - 5 wells (80 days) Q2 - 5 wells (80 days) Offering the exciting prospect of a continuous avalanche of production increase news during H1/2018 and, the strong possibility that production volumes from the entire 10 well drilling programme could be realised as early as Q3/2018.
mount teide
08/12/2017
13:50
Well the only right ones are those that inform us that the drilling has been a success and oil is flowing...And more the merrier, which should he fairly regular if the company keeps To it's plans.
grannyboy
08/12/2017
13:38
grannyboy What's most important though, more RNSs or the right RNSs?
rossannan
08/12/2017
11:43
Ross, Don't know why you think TRIN is valued fairly, to me it's undervalued.TXP is the cheaper valuation of the two, I think both will reward over the next year.
che7win
08/12/2017
11:32
No I didn't say that exactly, but TXP is inexpensive, so is trin..and the markets not looking any favourably towards trin either..but the news today puts TXP into overdrive..and so there will be plenty of news coming out!!
grannyboy
08/12/2017
11:25
I'm saying that the market has got it about right. So if you think I'm biased, you presumably think that the market is undervaluing TXP and overvaluing TRIN. Or is it just one of those, and, if so, which one?
rossannan
08/12/2017
11:11
In what way?
grannyboy
08/12/2017
11:09
grannyboy If it's bias, why does the market seem to share it?
rossannan
08/12/2017
10:24
With an increase in the drilling program and 24 recompletions here in 2018, rossannan your bias in favour of trin is obvious..
grannyboy
08/12/2017
08:22
Shame, was beginning to warm to the idea of a reload here but for me this placing does cast some doubt on how robust cashflow currently is, however they choose to explain it away. No rush now.
rossannan
08/12/2017
08:02
Ask your questions Monday:#TXP are holding an online investor presentation and Q&A session for investors on Monday 11th Dec to discuss the announcement of the private placement. Please visit the following link to join:
che7win
08/12/2017
07:51
Yes looks the reason why the share price has been in a moribund state for a week or so.. Will look to top up if the share price drops to the placement price, but 2018 looking very exciting, and there will be a constant news flow throughout...
grannyboy
08/12/2017
07:44
The Private Placement includes a subscription by North Energy Capital AS, a 5.41 percent shareholder of the Company. Following Admission, North Energy Capital AS will hold 12,879,250 Common Shares, representing 9.99 percent of the enlarged share capital of the Company.
wheniamfree
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