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TXP Touchstone Exploration Inc

50.50
-0.50 (-0.98%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Touchstone Exploration Inc LSE:TXP London Ordinary Share CA89156L1085 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.98% 50.50 50.00 51.00 51.00 50.50 51.00 95,357 08:02:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 28.35M -3.2M -0.0136 -64.71 206.11M
Touchstone Exploration Inc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TXP. The last closing price for Touchstone Exploration was 51p. Over the last year, Touchstone Exploration shares have traded in a share price range of 40.50p to 94.50p.

Touchstone Exploration currently has 234,212,726 shares in issue. The market capitalisation of Touchstone Exploration is £206.11 million. Touchstone Exploration has a price to earnings ratio (PE ratio) of -64.71.

Touchstone Exploration Share Discussion Threads

Showing 1676 to 1699 of 39425 messages
Chat Pages: Latest  77  76  75  74  73  72  71  70  69  68  67  66  Older
DateSubjectAuthorDiscuss
14/1/2018
16:18
B3

CN$ not US$

Knock off 20% of CN$ to give approx. US$ figure,

sleveen
13/1/2018
22:53
Very interesting MT, thanks for the explanation.
che7win
13/1/2018
19:37
che7win - 'I was also intrigued by this comment in the recent article from last week:
"Baay sees “a great opportunity” to supply gas to power plants and is assessing the company's gas resources to see if they justify building a gas processing facility.'

Paul Baay in a recent online presentation said the Ortoire block contained an historic large(his word) shut-in gas field and gas transport pipeline infrastructure already connected to the main T&T pipeline network.

As i recall the reason given for shutting-in production was because the gas transport pipeline close to the field sustained physical damage that the previous operator never got around to carrying out repairs to.

mount teide
13/1/2018
18:08
30p is likely if they perform to expectations, it's not a high risk oiler IMHO.I don't expect the oil price to rise from here, would be sensible to go sideways for a while.I was also intrigued by this comment in the recent article from last week:"Baay sees "a great opportunity" to supply gas to power plants and is assessing the company's gas resources to see if they justify building a gas processing facility."
che7win
13/1/2018
17:56
Something else I have noticed which I am struggling to explain. During Q1, Q2 and Q3 TXP were getting a high price for the oil produced. Does anyone know why? Is it a premium price for light crude?

Q1 - $64.16/ barrel
Q2 - $61.26/ barrel
Q3 - $59.64/ barrel

brasso3
13/1/2018
17:42
Thanks MT, all of a sudden I'm liking 'high rise' Lets hope that lift gets moving soon...!
mazarin
13/1/2018
16:49
Nice post MT

I think TXP has done well to whether the oil downturn and now is in a great position for a return to normality ($60 - $70/ barrel). If they keep increasing production and oil price goes to crazy levels then this could be a significant multi bagger from these levels.

Lets not forget the CEO is targeting 5000 BOPD and dividends. :)

brasso3
13/1/2018
16:35
Brasso - i like to leave something in a target price for the people that may be considering buying my shares - as in equity investment few if any get in at the first floor or out at the penthouse suite, despite what many may claim.

Warren Buffet memorably commented - "the market timers hall of fame has got no one in it!"

Its possible to make a lot of money getting in at the 5th floor (TXP today) of a 30 storey office block under construction(2,200bopd production target within 12 months)in a real estate market boom(strongly rising oil price environment) and getting out on 25th floor.

Of course if the management successfully complete 30 storey's then decide to add another 20 low cost storey's(increasing production to 3,000 bopd in 2019) in a still buoyant real estate market(oil price in $60 - $70 range), offering the prospect of getting out on the 45th floor it could prove highly compelling to stay in the lift and enjoy the ride!

mount teide
13/1/2018
15:52
30p (£35m mkt cap) would only value the P2 reserves (16m BOE) at £2.18 ($3) per barrel. I am looking for 30p - 40p by end of year if they achieve 2200 BOPD.
brasso3
13/1/2018
15:14
Canadian broker Mackie is keen on Touchstone - in a Q4/2017 Note:

Mackie analyst Bill Newman said that Touchstone's production base was
derived from several large oil-in-place legacy fields that were underdeveloped.

"The oil is characterized by stable low-decline, long-life production that requires
minimal capital to maintain."

“Touchstone currently produces about 1,500 bbl/d of a medium to light grade crude oil from about 11 oil fields in Trinidad."

“Most of the fields are very large and have been producing for decades but have only recovered 2% to 13% of the original oil in place."

“Touchstone has booked a total of 78 development locations and 122 recompletion candidates providing years of low risk drilling and recompletion opportunities."



If TXP deliver their 2,250 bopd production target in 2018 and oil stabilises in the $60 - $70 range(Opec's preferred price range to minimise the market impact of the US shale producers, most of whom are heavily indebted), then a valuation of circa £35m(s/p 30p) by Q4/2018 should be an achievable and realistic target - particularly since the first 4 wells of the 10 well programme in 2018 will see them complete the commitment drilling, freeing management to move around the blocks to target the locations previous exploration and development drilling and associated technical analysis suggests holds the highest potential.

mount teide
12/1/2018
19:45
Just noticed this Tweet from TRIN via Malcy:-

Malcolm Graham-Wood Retweeted

Trinity E&P


@Trinity_PLC
6h6 hours ago
More
$TRIN #TRIN Pleased with the speed of Royalty reform progress and hope this paves the way for rapid SPT reform which could boost bottom line economics and valuation hxxp://news.gov.tt/sites/default/files/E-Gazette/Gazette%202017/Legal%20Notices/Legal%20Notice%20No.%20163%20of%202017.pdf …

brasso3
12/1/2018
17:54
Doubled up on my position here today. Looking forward to further news flow later this month.
captainfatcat
12/1/2018
15:28
Maybe we get tax change announcement here on 22nd?:

9:30am – 9:50am Feature Address: Franklin Khan, Minister of Energy and Energy Industries, Republic of Trinidad and Tobago

che7win
12/1/2018
15:25
And Paul Baay speaking 23rd January:
che7win
12/1/2018
15:20
In fact, TXP is a silver sponsor, they are ambitious.
che7win
12/1/2018
15:13
Guess who will be at the TT Conference. 22nd-24th January?

Our CEO, Mr Paul Baay.
I reckon he will have a very positive news item to announce before/during the conference, he won't go there without news.

che7win
12/1/2018
15:10
Tax reforms would be the icing on the cake, wonder if they are announced at the TT Energy conference this month?
che7win
12/1/2018
13:56
captain,
me too, they are going places this year, the rig drilling contracts they have got probably at the best possible time cost wise.

Rossannan - I like that link - would be transformative.

che7win
12/1/2018
13:53
The further I research this the more I like it.
captainfatcat
12/1/2018
13:00
I bought another 25k, TRIN and CERP moving up strongly, these are my favourite by far.
che7win
12/1/2018
12:57
Well we've had a slight pop...LOL..

Trim popping, let's hope these follow up too..T&T hotting up!.

grannyboy
12/1/2018
12:56
No sooner said than done...!
mazarin
12/1/2018
12:39
I would expect news soon - maybe next week on drilling?

Thus I expect these are ready to pop upwards, hopefully this afternoon.

che7win
12/1/2018
12:07
Thnx - well remembered. I believe Cedric Brown was a former CEO of British Gas who allegedly initially put £50k of his own money into it, as I remember, but could have been more. In 2001 it was supposed to be a 'dead cert'....not? and turned out to be more like a 'dead cat'. Continual promises of enormous potential for gas reserves dragged on years and went bust in 2006. I have no doubt, assets were discovered but never realised by share holders. The territory Kazachstan was under Russian control, so any assets were only ever going go in one direction.
mazarin
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