Touchstone Exploration Share Discussion Threads

[mount teide] 08/11/2017 11:41

ADVFN's charts are way behind today

L2 is currently 16 v 16.5p - 2 v 2

[mount teide] 08/11/2017 11:37

Getting quoted 16.8p for just 50k.

[shrewdmole] 08/11/2017 11:23

Full ask for any size at all.

Seems like there could be a squeeze if there's any volume.

[che7win] 08/11/2017 11:18

A nice move up today, an update from the company can only be days away.

[mount teide] 08/11/2017 01:31

121 Oil and Gas Investor Presentations - some interesting comments from the TXP CEO

"The 4 new wells after 120 days are currently producing a combined 325 bopd"/(average of 81 bopd per well - ALL from the deeper plays).

"Cost of drilling each new development well(inclusive of the deeper play) has dropped by 30% over the last 14 months and is now below $1m. Remarkable considering the productivity were are getting from them."

"If you look at the performance of the first 4 wells targeting the deeper plays, that has now given us the 'proof of concept', we think that getting to that 2,000 bopd in early 2018 is not going to be a big issue"

"This is a posiive cash flow business currently generating circa $500,000 to $600,000 per month."

At current oil prices - "at about 2,000 bopd we can consider paying out a dividend because of the cash position we will have on the balance sheet going forward'

"Four of the 20 wells planned for 2018 will be exploration wells drilled on the Ortoire Block."

"Q3 Results reported on November 13th will be more reflective of the performance of the last 4 wells(compared to Q2)".... "and will see the cash flows start to ramp up"

"As far the the work programme goes, although many people are focusing on the next four wells we drill, what i really would like them to get focused on is the continuous well drilling programme that will start in 2018 - the 20 wells targeting the deeper plays utilising the new pump technology that we have"

[brasso3] 06/11/2017 20:49

Quarterly production update next week?

[mount teide] 06/11/2017 18:39

Brent powering ahead, up over $2 to $64.1

[mount teide] 06/11/2017 12:08

Encouraging to see Brent has again started the week strongly - up 0.5% to $62.6

[bad gateway] 04/11/2017 16:22

Getting a bit sneaky aren't we roseanne? Knocking these whilst listing the stocks you have the biggest interest in?
If you want trin and sqz deramped suggest you do it yourself rather than spending the weekend winding up others to do it for you or at least do it in a less obvious way.

[zengas] 04/11/2017 15:05

Will get a look Div thanks. Been busy this past few weeks and haven't had much time to look in.

[mount teide] 04/11/2017 12:31

'Economics of the business is still based on projections?' Sounds like the comment of someone who needs to do a little more research.

The deeper plays are in ADDITION to the shallow plays and are turbocharging the economics of a business that is already cash flow positive below $50 oil from just the proven shallow play production.

At the current market cap, with $62 oil the cash generation from developing the deeper plays in 2018($150k extra cost per well), has economics equivalent to lighting the afterburners on a jet engine.

If the 2018 self funded 20 well drilling programme mirrors the performance of the deeper plays in the last fours wells and the POO continues to gently appreciate, the company valuation could see the management and shareholders putting themselves at risk of requiring medical treatment for re-entry burns on their foreheads.

[marvelman] 04/11/2017 11:56

"Under the terms of the Transaction, Range has agreed to deposit the full consideration of US$4.55 million into escrow to be released on completion"....only delay might be T & T bureaucracy if that was what you meant Sleveen.

[sleveen] 04/11/2017 11:41

Which makes me wonder if TRIN will receive the $4m from RRL by December.

[divmad] 04/11/2017 09:32

Zengas, if you are around,

Can you cast your eyes over HNL in the light of their Engie-backed N Sea deal whilst they are still in suspension-mode? I am particularly interested to have your perspective against the TXP, and TRIN valuation metrics above.

Comparing HNL's P2 reserves of 12mm and bpoed of >2500 then it is surely worth at least £20mn, if not much more with all the development potential. The only reason why it might not be valued correctly upon day one of relisting is because absolutely nobody is aware of the company. Though, the low share count, tightly held shares and zero dilution from the deal is the perfect recipe for a huge move when it relists. 24mn shares o/s at suspension, MC was £2.4mn.

Thanks,

Divmad

[che7win] 04/11/2017 08:41

It just shows how investor bias can really hold back investment returns when a statement like that is made, especially as Rossannan bought TRIN at 18.5p yesterday.I think TXP has a higher breakeven price for oil than TRIN.That means as the oil price rises, the expected growth in cash flow is a higher percentage here.

[mount teide] 04/11/2017 00:31

'Share price here becoming a bit more realistic'????

TXP down 11.7% from its recent high (17.0p offer down to 15.0p)

while

TRIN is down 16.8% from its recent high (20.75p offer down to 17.25p)

Using your logic, TRIN's current share price would be described at becoming much more realistic by comparison!

At $62 oil many would suggest TXP is better value at 15p, than it was under 10p when oil was $50. Since TXP is cash flow positive below $50 oil, the current £15m market cap is totally ridiculous considering the economics of the business.

TXP annual revenue at $62 oil, after adjustment for oil sales brokerage and royalties is greater than the current market cap!

[che7win] 03/11/2017 19:37

Oil rocketed tonight, what a week for oil Bulls!

[mount teide] 03/11/2017 16:44

The Shares Investor and AJ Bell Media evening event on 28 November 2017 provides an opportunity for board directors from ANGLE (AGL), Royal Road Minerals, ThinCats and Touchstone Exploration (TXP) to talk about their companies and update existing & potential investors on their business plans.

Novotel Tower Bridge, 10 Pepys Street, London, EC3N 2NR
Registration: 18:00 - Presentations: 18:30

Touchstone Exploration (TXP)- Paul Baay, CEO

Touchstone Exploration is a UK listed but Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders. In Trinidad, the Company's interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad. Touchstone holds over 8,700 working interest acres of onshore producing properties that have known crude oil reserves as well as over 55,000 exploration and undeveloped working interest acres that are being evaluated.




Have registered to attend - the networking opportunity these Shares Investor events provide with the various speakers at the drinks reception, immediately following the presentations is usually very useful and can often be more informative than the presentations for existing shareholders, already familiar with most of the content of the presentation.

[che7win] 03/11/2017 09:15

Oil up another 50 cents, oil sentiment is getting very bullish, I think we are in a sweet spot here with a lot of investors looking to buy oil assets.

[wheniamfree] 02/11/2017 21:06

121 oil conf

[mount teide] 02/11/2017 19:23

sleveen - i agree but doubt the consolidation will last long.

As a result of the CEO's excellent presentation and hugely informative Q&A session, considering what we know now, combined with oil up 20%+ since the summer to over $60, TXP probably offers better value today than it did sub 10p .