Touchstone Exploration Share Discussion Threads

[redartbmud] 27/9/2024 10:25

11_


No point in getting your knickers in a knot.

We know that we are dealing with a dysfuncional company and a scatterbrain as a CEO.
It would appear that his attention span is limited and that he is prone to flitting from one project to another at the drop of a hat, such that little is satisfactorily concluded within an acceptable timeframe.
It would also appear that the plan is not to have a functioning plan and getting from Point A through Point B to Point C in a timeline isn't a regular feature within operations.

That said we can only sit, wait and pray that despite the best endeavours of managemant that EVENTUALLY we do have a robust business that produces sufficient revenues that pays for the overheads, new projects, maintenance of existing wells and gives a return to long suffering shareholders.

SO, until then I am not holding my breath. Had I done so 18 months ago, or earlier, I would no longer be breathing.

That isn't much to ask, is it?

red

[dunderheed] 27/9/2024 10:12

38189. Yes apologies thanks for your comprehensive reply.
My concern is that the FOMO volume has only really been created by the confirmation bias/fan club and is pretty much fully loaded now and we will need new blood for price uplift.
The "BoD issue" will continue to put off big players unless the next two wells/weeks are truly exceptional? IMHO.

[sleepy] 27/9/2024 09:58

11_percent - thank you for my laugh of the day

“To be fair......many of the big falls in the share price occurred when PB opened his gob in the presentations”

PB should add it to his CV!

[awise355] 27/9/2024 07:17

Xavier has posted a picture of a rig on FB..assume it's at one of the wells

[dunderheed] 27/9/2024 06:20

Yep, that FOMO really building up now?! Under any comments regarding your charting stuff?

[johnoxxx] 26/9/2024 09:49

11% - perforations already started maybe even complete?

So hopefully in next couple of weeks as I imagine they are waiting on sign off of pipeline (but could already be done..)

[arlington chetwynd talbott] 26/9/2024 08:53

"Much better to be in TXP with fixed gas prices which will shield us."Yes, and you are debt free too. Wait, what?

[dunderheed] 26/9/2024 08:37

38183, I sincerely hope you're not right under but absolutely, you have been more right than wrong here, so would not be surprised but very (very) disappointed!!

[11_percent] 26/9/2024 08:23

Cass 2 and 3 wells on production.

Ok...lets see what people think.

I will go for mid November.

[dunderheed] 26/9/2024 07:52

Che7 agree 100% the reasoning behind acquisition was good and robust, the timing (and subsequently payment method) awful to the extent, especially after what looks like an awful waste of money (again) it was certainly a(nother?) questionable strategy?
Here's hoping all our faith in the Casca asset finally finally starts to get reflected in slightly better share price.
I am (probably stupidly) hoping they will actually deliver as scheduled (!) in first place, 100% on time. The reason I say 100% is because let's face it, this schedule is hardly taxing.
All IMHO, DYOR. Best of luck all.

[awise355] 26/9/2024 07:33

Just me I'm afraid buying back my position

[bigalan3] 26/9/2024 07:32

Buyers starting to appear.

[che7win] 26/9/2024 07:13

I'm glad to leave TRIN takeover to LOL, now with oil prices collapsing and Saudi going to pump at will.Still a real risk LOL walk away when the see the macro economic oil backdrop.Much better to be in TXP with fixed gas prices which will shield us.

[kaos3] 25/9/2024 15:01

here on the balkans there is a business

one gets paid to quit at auctions. car, real estate.... a profession. paid in cash

so only one bidder remains.

just an info and not txp related

[dunderheed] 25/9/2024 14:58

Agree K, I'm waiting for them to explain why no divorce settlement. Any refusal from the counter party to agree, would be a very very red flag to a "normal" negotiater would it not? They obviously were risk covering by requesting irrevocables so why not divorce settlement as well?
IMHO.

[kaos3] 25/9/2024 14:48

jse was at least bid a little bit before atakara

here, the spirit is completely dead. no one believes anything any more

[dunderheed] 25/9/2024 14:27

Yep they'll (TXP) probably let us know next week sometime?

[arlington chetwynd talbott] 25/9/2024 14:22

You are now free of TRIN anyway.

[dunderheed] 24/9/2024 11:36

Which is probably one of the many reasons that the BoD received such little share holder support last AGM?

[ballymoss18] 24/9/2024 10:45

They have never been good at relaying news to us, I don't expect it to be any different this time.Delayed, good or bad they will inform us when they want. Events may happen in September but I wouldn't bet against it been another month before they see fit to tell us.

[arlington chetwynd talbott] 24/9/2024 10:01

Not a problem, you have to expect some slippage.

[bigalan3] 24/9/2024 09:40

we are nearing the end of September and nothing from them.


Over on LSE they say perforations have begun and they seem very optimistic
About the linkup.

[arlington chetwynd talbott] 24/9/2024 08:17

This is an interesting set up. With an update as long-awaited as these flow rates (looking likely to slip into October now - what a surprise), "sell on news" would usually be a risk, but the TXP chart is not really a "sell on news" chart - you can't see where any significant anticipation has built up. So it really is all about the flow rates. They could go either way, whatever the che7wins think, which is why TRIN shareholders are well out of all this, but if they are decent there should be an uplift, at least until declines become an issue again.