Touchstone Exploration Share Discussion Threads

[jamesiebabie] 29/4/2015 15:55

The boss has bought some more, filed yesterday.

[jamesiebabie] 29/4/2015 15:33

I understand that TXP are likely to be looking at EOR later this year, aeromag has been done and results are due soon. If the PoO goes somewhere north of here the drill action could be interesting. Remember from the presentation that no drilling to date has used the 3D seismic, so they should be able to target better areas from now. Other 3D seismic has been done, so lots to look forward to on other blocks not been really drilled on yet by TXP.

[johnsmithmmxiii] 27/4/2015 20:14

Lots of small trades going through and all showing as sells at .31 but bid not dropping, so somebody is mopping them up.

[johnsmithmmxiii] 26/4/2015 15:54

Nice to hear he is still adding. Lookin good, very good imho

[blik] 24/4/2015 19:45

Director buy, John Wright bought 50,000 @ $0.300... $15k CAD

[lazarus2010] 24/4/2015 09:19

I note the comments concerning the increase in RF of 1% equates to +11m bbls of recoverable oil on key assets . OOIP of 1Bln bbls and average 8% RF to date. If RF got anywhere near 15% that would give another c.80mln bbls recoverable oil, with upside for the as yet untested blocks.

Anybody have any data as to expected/typical total RF for fields such as these and what if any RF that TXP are forecasting?

[lazarus2010] 24/4/2015 08:40

slight typo, but quite apt...'increase recovery factory'...the oil is there and it's just a question of it being economical to extract and then creating the necessary production factory to extract it...

Step 1: Infill drilling and well optimization
Step 2: Enhanced oil recovery technologies increase recovery factory beyond primary potential

[dosser2] 24/4/2015 08:24

Especially if the oil price recovers

[carpadium] 24/4/2015 08:14

Terrific presentation, huge value to be unlocked here.

[dosser2] 23/4/2015 22:33

So good you posted it twice!

[jamesiebabie] 23/4/2015 21:30

ps.

New presentation.

[carpadium] 22/4/2015 07:54

Jb, thought the AGM was set for May 20th (?)

[dosser2] 17/4/2015 19:09

Up at last!

[jamesiebabie] 17/4/2015 17:51

JB - AGM is next week, so I suspect the next presentation will be out before then.

I also note that there may have been an insider buying last week, I'll ask the question.

[carpadium] 17/4/2015 16:24

Climbing steadily this week, plus strengthening CAD adding positively to UK holdings.

[jamesiebabie] 16/4/2015 21:06

The boss hasn't bought any more recently, nor has he been buying another stocks; he normally buys in two other companies at the same time.

The negative for Canada is a 'one-off', as they were trialling an innovative idea which failed, so they cut their losses and wrote it off. They are now concentrating on 'conventional' drilling which is why in the last 6 months they appear to turning a corner, but also remember the 'new' Viking assets look better than EME's EFS in terms of returns if you do your research.

There are tremendous gains to be had from the 'Viking', but I suspect they will be sold at a good profit to fund the proven T&T onshore plays.

[johnsmithmmxiii] 16/4/2015 20:05

JB, as txp doesn't yet seem to be rising along with the PoO I thought I would take a look and see what are the prospects here for some decent gains.

Just looking at the financials, I see that they had net funds flow from Trinidad ops of C$9.587mln but -ve C$9.197 from Canada. Do you know if the Canadian costs are either a one off cost of development of their in situ extraction method, or is it likely to be repeated this year as well? If they can eliminate or at least reduce these costs substantially then they should have decent Q1 earnings, if not then it could be quite a loss.

I see they have a 12m hedge for c.800bbls at $70 which is decent considering they took it out in 12/2014.

Cheers for any response if you have time.

ps Is their boss still buying?

[carpadium] 08/4/2015 08:33

Repsol probably a more likely bet.

[jamesiebabie] 08/4/2015 07:45

TRIN will be interesting to watch and you never know TXP maybe involved; a possible merger would give TXP easy access to the UK market and TRIN would benefit from a possible cash injection by using the $50M debt facility that TXP have access to.

The joint company would then have over 5,000bopd production, plus some excellent acreage.

Let's see what happens.

[blik] 06/4/2015 18:30

Touchstone Exploration (TSE:TXP) had its price objective cut by Mackie from C$0.75 to C$0.70 in a report released on Wednesday. Mackie currently has a speculative buy rating on the stock.

Shares of Touchstone Exploration (TSE:TXP) traded up 7.41% on Wednesday, hitting $0.29. The stock had a trading volume of 31,690 shares. Touchstone Exploration has a 52 week low of $0.25 and a 52 week high of $1.09. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company’s market cap is $24.10 million.

Separately, analysts at Canaccord Genuity lowered their price target on shares of Touchstone Exploration from C$0.85 to C$0.60 and set a buy rating on the stock in a research note on Thursday, February 26th.

[jamesiebabie] 31/3/2015 13:32

I understand TXP have been in London this week or so; it would be interesting to know what they were doing; I'm sure we will find out in due course.

I know I have encouraged them to go for a dual listing to gain further interest; I just hope they can do something.

[jamesiebabie] 31/3/2015 13:19

dosser - I'm not expecting anything special, although it would be good. When I compare this company to many others including LGO and CAZA to name but two, there are others, TXP looks good, it looks very good.

I missed this presentation from earlier in the year.