Touchstone Exploration Share Discussion Threads

[che7win] 11/12/2024 09:51

Spawny, Quite simple really, look at the political view of the ruling parties and opposition.UK is one of highest political risk, they have destroyed North Sea and introduced retrospective taxes which rules them out for my inevestment in O&G there.Trinidad and Tobago are pro Oil & Gas, and that goes across all parties so low political risk.Columbia is medium political risk, President Gustavo Petro's decision to end new oil and gas exploration raises concerns over the country's future energy.

[spawny100] 11/12/2024 09:30

How do you quantify political risk? A few years ago who would have regarded the UK as a politically risky country for O&G investment?

[che7win] 11/12/2024 09:29

You should include the political risk in your comparison (I own both).

[ashkv] 11/12/2024 08:21

Was undertaking a brief comparison - net cash (25% of AXL share price at 21p), high growth, highish decline with new wells (similar to TXP) highly profitable super growth firm Arrow Exploration (AXL) is trading below EV/Flowing Barrel as compared to TXP at TXP 52week lows yesterday. And this when AXL is a 100% oil producing firm!!!

Even Jadestone Energy currently trading below EV/Flowing Barrel of TXP when it produces 70% oil and 30% higher priced gas!!!

And so on....

Disjointed markets - superb relative value opportunity....

Where would I rather have my funds if allocating to the AIM E&P sector?

[che7win] 11/12/2024 08:04

I'm particularly excited by the gas export LNG update, see last paragraph:hTtps://newsday.co.tt/2024/11/27/young-trinidad-and-tobago-earns-us2310m-from-tax-on-lng-exports-2020-2023/Trinidad need more gas - we will have higher prices going forwards as a way to fairly reward and incentivise accelerated production. That is unquestionable for RIO and other new licences, but Cascadura also would make sense.

[john henry] 11/12/2024 06:57

Excellent presentation.

The Land is secured, the Asset is there, drill to fill.

Its simply down to Management delivering i believe finally they will deliver.

Massive potential bonus with the LNG off take

[sleepy] 10/12/2024 23:30

Thanks King

[king suarez] 10/12/2024 22:44

Not usually released until a day or two after the event..

[sleepy] 10/12/2024 21:41

Has anyone a link to the slides or a recording please?

[ashkv] 10/12/2024 16:16

It doesn't matter if along the way equity holders get diluted to oblivion... or worse!!!

And this "fresh start" has been a recurring chimera for PB!!!

[kaos3] 10/12/2024 15:55

it is my take - of course

they started cca decade ago

got the land pack

got local connections and the team running

got to the first meaningful cash production.

now it can start

1/3 time behind us

[dunderheed] 10/12/2024 15:53

Kaos rest assured such a field does not take decades to develop lol.
Was that what one of the presenters said or a small jest on your behalf?

[ashkv] 10/12/2024 15:39

Informative presentation - net net "Jam Tomorrow" And that too if all goes well!!

2026 looks to be another year where likely no funds for exploration drilling!!!

Farm-out on some blocks being discussed internally - but it appears not a focus at present.

Interestingly TXP only have environmental clearance for another 8-10 wells on Casc and will have to through the prior long delayed process to permit further wells at Casc per my understanding.

Would have liked to drill all 4 wells in Q1 as the rainy season picks up going into year end - however, even with the 10mn credit increase that is underway - it would have become financially precarious to front load drilling to such an extent.

Final Casc well for 2024 delayed to early Jan 2025 as bridge to enable shift of rig not ready - though bridge will be ready by Mid-December. However, holiday roster is light and staff to man rig / drill not available into Christmas holidays.

Didn't rule out an equity raise when share price is higher - but ruled it out for now/upcoming Casc wells.

TXP appears open to further Trinity type / would have allowed further drilling - however, my take that none are anywhere near announcement / if any!!!

TXP fairly priced where it is!!!

Show me the money!!! TXP got empty pockets!!

[kaos3] 10/12/2024 15:38

well - to summ it up - it is a huge land pack full of HCs. such a field takes decades to develope. today it is the lovest point... imho

like in the mining S curve

investing now could create generational wealth

[redartbmud] 10/12/2024 15:33

WTF is Engage Investor?
Can't ther clown act lioke a normal person and engage in a proper manner with the people who support his existence?

Answer - Once an idiot always an idiot.

red

[kaos3] 10/12/2024 15:33

from 2026 on 80% cash goes into production drilling, 20 % into exploration

[dunderheed] 10/12/2024 15:16

Does the "processing" fee include transportation?

[dunderheed] 10/12/2024 15:15

How do they transport the gas to the point of sale or is it sold at wellhead and the purchaser negotiates the transportation tariffs?

[kaos3] 10/12/2024 15:13

7.5 minus export processing fee of 1,5 usd is what can be coming soon from the new blocks ... eg not in the next year as far as i can get

[che7win] 10/12/2024 15:11

Gas price at 7.50, a tripling for the new licences likely,.

[kaos3] 10/12/2024 15:01

shale decline trajectory as i commented on yesterday .... it is about being patient

[kaos3] 10/12/2024 15:00

superb news - no more just one gas buyer in trini - access to the world gas price has been opened

[che7win] 10/12/2024 14:56

potential higher gas prices...... game changer

[che7win] 10/12/2024 14:39

fantastic deep dive by James Shipka, this company knows the geology really well