Touchstone Exploration Share Discussion Threads

[che7win] 10/10/2017 10:23

Yep, That's my buy from earlier, I've bought some more just now, that's me for now.

[sleveen] 10/10/2017 10:22

80k trade @ 9.1p now shown.

[someuwin] 10/10/2017 10:21

Chart didn't seem to work in the other thread.

[someuwin] 10/10/2017 10:20

"Our goal is to become the largest onshore producer in Trinidad"




LSE:TXP




TSX:TXP

[someuwin] 10/10/2017 10:18

"Our goal is to become the largest onshore producer in Trinidad"




LSE:TXP




TSX:TXP

[che7win] 10/10/2017 10:17

Mount Teide, I agree, the market is definitely waking up to this one, hence I bought a second tranche quickly.The 80,000 I had to go to limit order twice to get them, they didn't show it up in the trades so definitely a shortage of stock now.Well done on your quiet accumulation, good to see you and Zengas here.

[jungmana] 10/10/2017 10:13

Well we seem to waking from our slumber. Compared to cerp or trin today we should be at least 40p.

[mount teide] 10/10/2017 10:11

che7win - looks like things may be turning here - over the past three months despite the decent fundamentals, encouraging prospects and low valuation relative to its regional peers its been totally unloved - a friend and i were able to build up a holding of 0.75% each.

[che7win] 10/10/2017 09:51

Bought another 80,000, very hard to buy here.I should have stayed quiet on this one, market had caught on.

[che7win] 10/10/2017 08:50

I've bought an initial 50,000 shares here.TRIN and CERP going nuts this past week. The tax changes to come surely should benefit.

[zengas] 03/10/2017 12:04

Worth waiting on imo because sooner or later it can't be ignored on pure value level. It's doing exactly as the others in terms of forward plans.

Cerp 5.75p = £32m m/cap.
11.8 mmbo P2. 550 bopd target end 2017 - 900 mid 2018.
-------------------------------------
Trin 15p = £42.5m m/cap.
18.7 mmbo P2. 2,395 bopd with 3,000 bopd target.
-----------------------------------
TXP 8.6p = £8.9m m/cap.
15.68 mmbo P2. 1,500 bopd with 2,000 bopd target.

On a comparable M/Cap to CERP = 31p (yet TXP having 25% greater reserves and nearly 3X production). To Trin = 41p as it closes the production/reserves gap.

[divmad] 29/9/2017 11:42

I'm in DGOC and looking at this one. But I really struggle to see how the typical AIM investor will get behind it, without a stronger news flow. After all, it's been around in Canada for quite some time, without getting the locals excited.

[zengas] 28/9/2017 23:10

Div, I did. They look ok but just nothing to really excite me other than the dividend. Biggest percentage of production appears to be gas. The only thing that put me off was the production relative to the thousands of wells and the manpower to look after them and trying to keep costs down as low as possible.

[divmad] 28/9/2017 14:54

Zengas, have you taken a look at DGOC, as another overseas managed, AIM listed, value play in the O&G sector? Paying a well covered 5%+ dividend yield too.

[zengas] 21/9/2017 17:22

It was listed in the aerospace sector until yesterday. Sooner or later I believe it will get noticed. Built up a holding of 1.05% so don't know how much free float there is but been fairly easy to acquire this past 8 weeks. Once they get in and around 2,000 bopd from the current 1500, it should get interesting when they look at the exploration potential on top of the existing reserves and production.

Polar Asset Management 14.3%, City Financial 6.7%, Directors 6.3%, North Energy Capital (Norway) recently added to 5.1%.

[wheniamfree] 21/9/2017 17:00

TXP looks rather favourable, I thought it were in a better position. I actually wonder if it has just been missed?

[buffythebuffoon] 21/9/2017 14:42

Been doing my own investment research for nigh on 43 years Zengas.

My post was pretty lighthearted. You could have just said you came up with the wrong figure in the original post.

Buffy

[zengas] 21/9/2017 13:49

Not hard, read it relavant to the price/shares in issue and you might find it easier. Dyor.

[buffythebuffoon] 21/9/2017 12:43

The equivalent minimum was 22p when I read it earlier. Now I read its 23.5p.

Hey, this share price appreciation stuff is easy.

Looking forward to rereading the post tomorrow evening.

Buffy

[zengas] 21/9/2017 09:03

Columbus M/Cap £24m @ todays 4.3p (559.5m shares in issue).
11.8 mmbo P2 .
Exploration Opportunities in Goudron deep & S.West Peninsula.
Production target 550 bopd by end 2017 to 900 end H1 2018.
Debt $1.344m end June and cash remaining £1.684m. Plan to drill 10 wells at $500k each = $5m so debt or dilution will rise in line and $750k being advanced this coming quarter from a total funding facility of $8.6m.
Revenue to end June £2.46m (circa $3.2m).
==============================================
Touchstone M/cap £8.9m @ todays 8.625p (103.13m shares in issue).
15.68 mmbo P2.
Exploration upside in Ortorie block with 4 known oil pools.
Current production broke 1500 bopd last month and on target for 2,000 bopd with 4 wells to drill by year end - then onward drilling programme of some 10-20 wells.
Debt end June = $14.7m (from $15m loan) reapayable at $810k/qtr commencing Jan 2019 with principle due in 2021. Cash $9.925m. Decommissioning transparent at $16.17m over next 25 years and $738k paid into govt abandonment fund in June.
Half year revenue to June $14.827m.

On an equal m/cap rating then TXP should have equivalent minimum 23.25p share price never mind greater revenue, production and reserves.

[wheniamfree] 20/9/2017 14:20

Why does it carpadium aren't their production rates lower and less reserves too?

TXP is also one third of the price.

[mount teide] 17/9/2017 22:55

Proactive Investor Interview - Key discussion comments:

Stabilised production from the 4 wells just drilled exceeded all expectations, coming in at close to double the 50 b/d they thought they would do, putting them ahead of where they expected to be with regard to the 2,000 b/d target.

Next four wells drilled will include the last of the commitment wells. Freeing them in 2018 to move around the blocks and be more selective with the drilling campaign.

2017/18 Well Drilling/Workover Plan

2017 - 4 further wells drilled before year end and ongoing programme of 2 well workovers a month

2018 - 10 to 20 new wells drilled and 2 well workovers a month

[carpadium] 16/9/2017 08:25

A well run company BUT, when it comes to future growth prospects in T&T, CERP stands head and shoulders above TXP.

[wheniamfree] 16/9/2017 07:57

Xxxx = p r o a c t I v e I n v e s t o r s

[wheniamfree] 16/9/2017 07:56

Look st the interview also.

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