Touchstone Exploration Share Discussion Threads

[che7win] 27/12/2017 10:24

Another 25123 for me.

[che7win] 27/12/2017 09:32

Think they w right to push this up though, I might buy more.

[grannyboy] 27/12/2017 08:17

Yes about time we started catching up...:)

[che7win] 27/12/2017 08:16

Wakey, wakey, TXP up in Canada 11%, UK price well behind.

[che7win] 26/12/2017 18:02

Yes, a Libyan oil pipeline has been blown up, transports 90,000 bopd.Suddenly, oil supply is looking vulnerable, the oil market hasn't priced in supply disruptions, but Forties and today's news should show the vulnerability alongside a very volatile Middle East.As I said last week, I've been adding here to an overweight position while TXP remains at these prices, I'm confident in the company delivering multiple times its current price over the next year.I will want to add this week if the price stays low.

[mount teide] 26/12/2017 16:41

Brent up 2.38% to $66.96

$20 a barrel more than in mid July when the 4 well drilling programme was completed. At current level of production that's equivalent to $10.5million additional revenue per annum compared to when the POO was $47.

Timing of the continuous 10 well drilling programme to commence Jan 2018 is looking prescient.

[mount teide] 22/12/2017 17:07

Good to see Brent push above $65 into the close today.

Yes, Merry Xmas to all of you!

[grannyboy] 22/12/2017 12:57

Yes the buying appears to be gathering pace...but that's it now till after Christmas...All the best!!!

[che7win] 22/12/2017 11:07

I can buy 250,000 quite easily right now, would love to get some a bit lower.Mmmm

[che7win] 22/12/2017 10:59

Granny, It's simple as this, I'm going to get way more aggressive in my purchases here if these stay at these prices.Just bought another 50k on top of the 30k.

[grannyboy] 22/12/2017 10:41

I was waiting to see if these had bottomed before topping up, which they now seem to have done..

Yes thanks for straightening that out che7win on the incentive shares.

[che7win] 22/12/2017 09:59

These are looking very attractive now, I'm finding it hard not to go overweight here, just added another tranche at a giveaway price.

By the way, the director transaction this week was not share options as I initially thought, but incentive shares that are fully taxable under Canadian tax law with the income triggered on the disposition. As such, these will always be sold rather than retained on exercise because of this.

Anyway, Paul Baay doesn't hold any more incentive shares and wanted to clear this out of the way before end of this tax year.

I am very bullish here, very happy to be holding and I sense the company is excited by prospects.

[che7win] 21/12/2017 21:48

Mount Teide, I think this will be a strong performer next year and we have a CEO fully aligned to the business with a vested interest in making a success of the business.This company is going places IMHO.

[mount teide] 21/12/2017 16:02

che7win - joined North Capital, by offsetting some of the placing dilution by adding back to 1% of the enlarged share capital.

Barring a complete collapse in the POO, looking forward in anticipation to the 2018 10 well drilling programme and 24 well recompilations to work their magic on the valuation.

The 24 well recompletions has the potential to generate a production increase at least equivalent to the worst case historical field decline rate - leaving the expected average increase per well of 75 to 100 bopd from the 10 well drilling programme to lift production to somewhere in the range of 2,250 bopd to 2,500 bopd by next summer.

[che7win] 21/12/2017 14:38

I am very satisfied to be accumulating this week, its looking very positive here going forwards.

[fsawatcher] 21/12/2017 14:05

this droppin for a reason and yous not work it out yet ave ya

you find out soon

you r buyin velcro here

yous gettin ripped off

[che7win] 20/12/2017 11:07

I would expect at or just below 1500 bopd.I bought more today.

[che7win] 19/12/2017 20:42

Next well is being prepared here: