11 pc we will, we will, in time.... they are in the process of repairing the pump as domus would say - week 5 probably and ongoing
but the cash of wall awaits and the future is bright and esg targets are met |
HD, thanks very much for taking the time to reply, I know you're not saying this but I've long suspected the days of the the Petro dollar are numbered (perhaps wrongly, ahem) and the potential impacts that could have on the USD per se.
So interesting that you give weight to this gold tie-in theory.
In all honesty I think, considering the fixed aspect of TXP revenues that is the least of their worries but of course, as low and "good value" as it is now (!?) that is not to say, it cannot be dragged down significantly further (due to the "reasons" it is already such good value) even if not directly related.
Best of luck all!
PS ticked up kaos post az well! |
No way is the US going back to any kind of gold standard or even a gold underpinning (and I say this as a goldbug). It is simply engaged in the near impossible task of sorting out its balance sheet. Gold can only be a very small part of this. And while the BRICS may be de-dollarising, that doesn't mean that they are going onto a gold standard or anything like it. Gold is simply the standard by which all their efforts are judged. And that is its appeal.Sorry for going off-topic. TXP is awful. Avoid. Trinidad is an awful place to invest. Avoid. Okay now? |
We need some news from the Casc 4 well being drilled on the B pad......and it better be good. |
Dunderheed - I think something major is going on with global economies as deliveries of physical gold and silver are hitting unprecedented levels despite seriously high prices (gold hit 3000 for the first time on Friday). My personal suspicion is that the US is trying to put a gold underpinning to the dollar as debts are now so high they can never be paid back. The BRICS are certainly planning a new global currency underpinned by gold and their central banks have been building gold reserves very quickly for a while. Whether or not this is the case gold and silver miners have got seriously left behind by recent price rises in the metals and I expect many of them to double, treble or even multi bag this year as they play catch up.Apologies for off topic post! I promise not to do it again! |
 i am observing general sell out in the HC sector - above all by the smart stupid money. why I say smart - because selling is relentless eg. big money selling and it makes little sense eg stupid regarding the present HC valuations and cash flows...
i ask my self - why - the only reasonable answer that i came up was - cheaper oil coming, some of the companies operating with thin margins and/or debt will have huge problems, still expanding and not having critical mass, with high capex needs etc
why will oil be cheaper - drill, baby drill /regulation above all, not actual drilling/, keystone pipeline probably opens up alaska and its vast reserves, qatar will be opened to europe via syria, russia will come to the free market after ukraine is settled and so on on the supply side. on the demand side possible recession/depression, tarrifs etc
i even expect second vawe of panic selling of the stupid smart small investors like myself, pushing shares even lower - when the smart will be stupid again and buying in at the low value, low profit HC producers |
HD - Wish you the best with your new investments. Could be a case if selling at the lows IF, big IF, the BOD actually deliver some decent results in the next few days. You may be correct that things will get worse before any improvement appears, but I still have some hope. Fingers, and everything else, crossed! |
39363 Gonzo has been saying exactly the same for the last number of years now.
Has he not SM?
IMHO. |
Is there any danger of us getting some news......when was the last material news. |
It looks like you are not the only to give up.......peeps selling up today.
Looks like we are headed for the teens....and 15p. |
Any particular reason at this time hidden? |
That's a shame mate, seems we're not too far from actually achieving something decent with the Central Block coming into our hands along with the lucrative LNG pricing that brings which is 3-4 times our current pricing which dramatically changes the revenue & profits of the business.
Agreed though Gold and Silver look like nice little safe havens at the moment. |
FWIW I finally gave up last week and put the proceeds into silver and gold stocks.I wish you all well and really hope the company finally delivers on its undoubted potential. |
Seriously? Have you followed his career or are you just reading from a Press Release? Ask old TRIN hands about him. He is one of a number of reasons why TRIN is no more. Even the local rampers cannot dispute that. |
 This Monday, Stuart Young takes office as the new Prime Minister of Trinidad & Tobago! As a strong advocate for the energy sector, his policies aim to enhance investment, drive exploration, and secure a stable regulatory environment.
For Touchstone Exploration (#TXP), this leadership transition could mean greater support for oil & gas projects, improved gas pricing negotiations, and a boost to long-term growth. 🌍
With a focus on exploration, LNG expansion, and energy security, Young’s leadership is set to create exciting opportunities in the O&G sector.
🔹 Central Block Acquisition Closing Soon! TXP is set to finalize the $23 million acquisition of the Central Block from Shell, a move that will increase our production base by over 25%! This aligns with Young’s goal of boosting domestic energy security and strengthening Trinidad & Tobago’s gas supply.
🔹 LNG Pricing & Market Expansion: With Young’s push for improved gas pricing and LNG export market access, TXP’s increased production from Cascadura and the Central Block could position us to leverage global LNG prices and improve revenue potential.
🔹 Active Drilling & Growth Strategy: TXP’s ongoing development well programme at Cascadura is set to increase gas output in 2025, directly supporting Young’s vision for stable energy supply and investment in high-return assets.
🔹 Strategic Infrastructure in Place: With two operated gas plants, expanded production facilities, and newly drilled wells, TXP is poised to contribute to T&T’s role as a regional energy hub while benefiting from Young’s investor-friendly approach to O&G.
💬 What’s Next? As Young takes the helm, TXP is well-positioned to thrive in a pro-growth energy environment. Stay tuned as we drive forward with exploration, production, and a vision for a stronger, more sustainable energy sector in T&T!
Stay tuned as we navigate this evolving landscape! |
Yes there's always that. But we do know production for January, so we know it can't be worse in the final months of the year, only PB could pull of that miracle ;) |
That's great to hear, here's hoping after that TXP isn't an even more compelling super bargain to buy!! |
Full year results out next week... |
Annual results are coming - not long now. Still time to switch to PTAL though. Or BP. Or anything. |
I'd prefer £7.50 or 15-20 cad.
I believe "they" have "Exxon" in their sights now. |
Cavendish reflects on TXP's reserves statement.
The report reflects the revised production outlook for existing and future development wells presented at TXP’s Capital Markets Day (CMD) in December 2024, and is in line with our assumptions updated at the time of the CMD. Despite a headline 26% reduction in gross 2P reserves, evaluator GLJ estimates a producing reserve life index of almost 13 years (2P case), and a post-tax NPV10 of US$308.5m (104p/share). We had already accounted for this revision in our forecasts, and our valuation therefore remains unchanged at 53.1p/share.
53p?? oooh, go, go TXP, £5 by Christmas |
39349, "leadership"?!
Whatever gave you that idea? |
Perhaps an iceberg sell from the past few days? |
Yes you are correct, I think I meant late showing :) |
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