Touchstone Exploration Share Discussion Threads

[captainfatcat] 09/1/2019 07:42

Some related info in Columbus update this morning.

[buffythebuffoon] 08/1/2019 22:48

Thanks for that rossannan.

MT is a respected poster, and I value his input.

Cheers.

Buffy

[gabrieloak] 08/1/2019 22:26

Hat tip on the sale price...I wondered about the TXP placing. I think the company seems to be ok. Maybe significant scaling of activity will require a placing to provide a buffer. I am not sure any of these Oil co’s in Trinidad can afford to not be active with the Fiscal regime as it is.

[buffythebuffoon] 08/1/2019 20:54

Rossannan,

Sarcasm, what the hell are you talking about?

It was not a slight on MT; it was just meant to be humorous. Those of a certain age will remember the cut and paste of yesteryear.

She? Fan of the Vampire Slayer were you?

[gabrieloak] 08/1/2019 20:04

rossannan...do you still hold here? If not, what level did you sell at (if you don't mind me asking?) Do you still think there will be a placing here having got the timing off a bit for last year?

[ileeman] 08/1/2019 17:06

Dont be such a hater rossannan xD

PS oil is charging ahead again, my GKP holding well in profit now just need TXP to follow.

[buffythebuffoon] 08/1/2019 10:37

..and not a pair of scissors or paper glue in sight.

Buffy

[ileeman] 08/1/2019 07:57

Wouldnt call it ramping maybe a couple posts a week.

Yes you are correct bought around 20p and late teens but bought more lower, nothing has changed fundamentally apart from oil price I am bullish oil price longer term so was happy to average down.

[ileeman] 07/1/2019 12:34

More wells coming online any day now should bring us comfortably over a stable 2000bopd.

Great strength on oil I am glad I picked up a bunch of shares between 10.5p-13p...I dont expect oil to continue straight up but do expect it to uptrend higher over the next 6 months.

[awise355] 07/1/2019 12:19

What do you estimate current production, hopefully should be a couple of hundred barrels over 2k which should give us some upward momentum

[lauders] 07/1/2019 11:05

We should see an opertaional update by mid-week next week at the latest if last year was anything to go by. Thought we might have had something by now but can't be much longer.

[mount teide] 05/1/2019 12:03

OPEC To Cut More Than Expected - OilPrice.com

'OPEC’s January production is likely to come in lower than anticipated, a former Saudi Aramco executive said in a statement to CNBC.

The oil cartel agreed last month to shave 800,000 barrels per day off its October production levels, with its non-OPEC allies agreeing to cut 400,000 barrels per day, for a combined 1.2 million barrels per day. But Sadad al Husseini, former executive vice president of Saudi Aramco, told CNBC that OPEC is likely to cut in January about 1 million barrels per day off its October production levels, adding that it is possible that the cartel could cut as much as 1.2 million bpd — that’s in addition to its allies who promised to cut 400,000 bpd.

All signs from OPEC this past week, following a brutal oil price slide, have all indicated that OPEC was aware that the 1.2 million bpd in promised cuts would not quell the market unrest.

The United Arab Emirates Energy Minister said on Tuesday that a market rebalance should take place in the first quarter of 2019; he also added that OPEC would cut deeper if it turned out to be an insufficient volume of oil taken off the market.

Then news came in that Saudi Arabia’s exports had fallen more sharply than expected, and indications are today that fewer OPEC barrels — the fewest in five years, in fact — made their way to the United States in December.

Most analysts agree that oil prices will stay low if OPEC and it's allies fail to make good on its promise.'

[ileeman] 04/1/2019 15:12

Oil back towards $65-70 would be most welcome, I dont see why not with OPEC cutting and as they say they will do what ever it takes to prop prices up.

[sleveen] 04/1/2019 14:26

TW comments, I'm not a subscriber so can't access the premium content:

"Touchstone has production and exploration upside, although funding could prove to be an issue - speculative buy

These days I tend to avoid oil companies at the bottom end of the AIM market as usually the risks aren’t worth the rewards, and the majority of them do nothing but fleece investors over a number of years without ever achieving anything of note"

[awise355] 04/1/2019 11:35

Solid buying within the last 45mins