Touchstone Exploration Share Discussion Threads

[brasso3] 09/7/2018 15:10

What a lovely chart.

[deeppockets] 09/7/2018 14:48

If they find as much as they think at Ortoire, Paul B suggested that Shell would almost certainly buy it - if they got a big sum would they do a special dividend as they don't need extra funds to pay for their exploration programme?

[captainfatcat] 09/7/2018 14:34

A sniff of success on TXP's Ortoire exploration programme early next year and this has ten bagger potential.

[che7win] 09/7/2018 14:31

Agreed, 30p is my short term target, but fully expect 50p within 18 months

[rafieh] 09/7/2018 14:27

I meant the very short term target. In 6-18 months, who knows how high the share price could go. Doubling up in one year is not totally out of question.

[mount teide] 09/7/2018 14:14

With a current market cap of circa £22m - TXP would hardly be expensive at 24p (equivalent to a market cap of £31m)

[2prsimo] 09/7/2018 14:13

Yep, clear blue sky now - psychological 20p in quick order and then onwards from there - incredibly cheap when compared to its peers.

[rafieh] 09/7/2018 14:10

Inevitable breakout towards 24p target.

[lord gnome] 09/7/2018 14:09

Added again. Bit the bullet and sold elsewhere. 7th and final purchase this time. Every time I have added I have had to pay more, but I finally have all I want. It can now rise all it likes.

[mount teide] 09/7/2018 14:05

L2 - 2 v 3 / 17.0p v 18.0p

[someuwin] 09/7/2018 14:02

Difficult to buy many.

[mount teide] 09/7/2018 13:26

TXP will become T&T's largest onshore producer when they announce the production performance of wells 4 and 5 of the 2018 programme probably during this month.

With another 5 wells to be drilled over the next 4 months and up to 20 scheduled for 2019 along with 4 low cost ultra high potential exploration wells(2,000+ bopd targets scheduled for drilling in H1/2019) - the onshore production gap between TXP and TRIN is likely to grow significantly over the next 18 months and possibly by a large margin if any of the huge Ortoire gas exploration prospects with up to 2,000ft of potential net pay prove successful - each gas prospect is potentially larger than Shell's adjacent Central Block gas fields which have direct pipeline access to T&T's world class LNG export terminal, where Shell recently became the largest shareholder.

TXP have clearly stolen a march on TRIN who are now playing catch up - a mistake which has cost many of us dearly by resulting in a huge dilution of our TRIN investments at a 45% discount to recent highs - not that it will probably worry the Trin management and their friends, who have benefitted hugely from the placing at our expense.

[mount teide] 09/7/2018 11:28

For the record i modestly reduced my TRIN holding following the rather surprising huge placing at a near 45% discount to the recent highs and have been re-investing it here.

[lord gnome] 09/7/2018 11:25

And me. Added a few, but as usual I prevaricated over selling something else to buy more - and didn't!

[mr. t] 09/7/2018 11:21

Some by me!

[someuwin] 09/7/2018 11:11

Lots of buying today.

[mount teide] 09/7/2018 10:23

L2 strengthening: opened 1 v 1 / 16.0p v 17.0p = now 3 v 1.

[awise355] 09/7/2018 09:22

Txp is coming home

[lord gnome] 09/7/2018 09:00

Indeed MT. The only issue for Shell would be the price.

[mount teide] 09/7/2018 00:54

I hold a large long term position in CAML and have been building a position in Kaz after the sharp recent pullback.

Anto has a 5.8% short position currently running.


'Very much an if though...' We will know more in Q1/2019 - Shell bought the Central block gas fields and tied them into the LNG terminal - it would be almost inconceivable for them not to be interested in any similar or larger sized gas finds, with low development costs alongside their existing fields.

[fardels bear] 09/7/2018 00:39

As an ex-smoker I have to go with KAZ.

[mount teide] 08/7/2018 22:05

If an AIM oiler discovered large gas reserves within 5 miles of Shell's Central Block Gas fields and its direct pipeline access to a world class LNG export terminal, it would be very well positioned to benefit from the 'dash for gas' LNG operating model major oil companies like Shell and BP are now following.


AIMHO/DYOR