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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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(2,200bo 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/s | 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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