Touchstone Exploration Share Discussion Threads

[someuwin] 09/4/2019 08:55

Yup - clearly in new uptrend now.

[awise355] 09/4/2019 08:54

Steady buying and steady incremental moves up...just like last year when we when up and over 20p

[lauders] 09/4/2019 02:06

“We’ve never drilled a dry hole. We’ve drilled about 65 wells in TT but never a dry hole. We have wells that have produced 30 barrels a day and others up to 300 barrels a day and that’s the one thing about Trinidad. You’re not gonna get a dry hole. It’s gonna be somewhere in between there,” he said.

You have to like this information which PB has repeated from previous interviews. Never get tired of seeing it and has to bode well for the drillig in Ortoire in the not too distant future.

[captainfatcat] 08/4/2019 18:30

Nice find rossannan

[sleveen] 07/4/2019 19:45

About clucking time!

[homebrewruss] 07/4/2019 07:31

No problem.
Nothing that new in there but a few new snippets around the exploration wells timing and seismic I thought.
He also mentioned that they plan to report all in $US going forward which would be welcome.

[captainfatcat] 06/4/2019 23:16

Thanks for the heads up on that homebrewruss

[homebrewruss] 06/4/2019 21:16

Paul Baay at the oil capital conference:

[mount teide] 03/4/2019 13:42

ross - '$4.375/MMBtu at the end of March.' That is below the US cost of production and shipping to a nominated Chinese/SE Asian Port and around 50% of the costs of Australian suppliers.

The LNG spot market is in fact very tiny - circa 95% of LNG shipped on world markets is under 20-25 year contracts due to the circa $300 million upfront build cost and 3 year lead time of a new LNG vessel.

It took decades for the oil market to develop a fully functioning global spot market - its likely to take even longer to develop a global spot market for LNG since its a much smaller market by volume and the ship build costs are circa three times that of an equivalent sized oil tanker(VLCC).

[mount teide] 03/4/2019 13:30

Brent Average Prices US$:

$39.25 - H1/2016
$48.25 - H2/2016
$52.25 - H1/2017
$56.25 - H2/2017
$70.75 - H1/2018
$70.25 - H2/2018
$64.25 - Q1/2019
$70.00 - Current Spot Price

[captainfatcat] 02/4/2019 21:14

Brent has finally after several attempts pushed through $70 this evening.

[captainfatcat] 02/4/2019 21:14

Brent has finally after several attempts pushed through $70 this evening.

[sleveen] 02/4/2019 11:05

Indeed. At lease TXP were able to offset about half of the SPT.

Just spotted the net current liabilities of C$ 4.6m, which might have been a contributing factor as to why the placing was needed in Feb.

[sleveen] 02/4/2019 10:01

OMG

TRIN's results are chucking terrible.

Shocking SPT charge.

TXP next.

[lauders] 02/4/2019 08:04

TRIN's results don't look too bad. Not sure there will be any impact/knock-on effect here.

[eggchaser] 01/4/2019 15:40

Desperate times eh Dross when you have to post the credibility of your companies CEO all over other threads? There are some other companies that have no debt you know but out of respect to holders of this share we shall refrain from posting that here. It's just a shame for people to get sucked into your world of tips and opinion - we think your posts should come with an investment health warning!