Touchstone Exploration Share Discussion Threads

[buffythebuffoon] 15/3/2018 08:55

Good move Mr T. Far better than buying yet more gold neckchains.

Buffy

[mr. t] 14/3/2018 19:17

I bought TXP in my SIPP today. Thanks for the posts on this thread - I've found them helpful.

[grannyboy] 14/3/2018 11:40

Looks like the market is digesting the news today, which was very encouraging...I should think over the next few days we will see some appreciation in the share price .

[mount teide] 14/3/2018 11:08

Highly encouraging update - exceeded expectations by some margin.

Some 9-10 months after drilling, the 400 bbls/d current field estimated production from the four 2017 wells is outstanding.

Current field estimated production of circa 1,705 bbls/d (based on the previous seven-day average) up from 1,500 bbls/d in H2/2017, gives a glimpse of the transformational upside potential of the 2018 10 well drilling and 24 well re-completion programmes.

[zengas] 14/3/2018 09:57

The upcoming 4 wells should all be done imo by the end of next month before we start the next batch.

Looking at the figures from the other wells listed could these immediate 4 wells add over 400 bopd by end of next month and break the 2,000 bopd figure from the current average of last 7 days of 1705 bopd?

Only took 11 days to drill the 5,383 ft PS-602 well from 3rd - 14th Feb and put on pump production 1st March ie three and a half weeks.

The WD-8 well (4700 ft) is spudding in the next 2 days - if successful should be also on production in a similar 3 and a half weeks from now.

That rig then moves from WD-8 to a second well location on the WD-8 block. If same depth then could be on production in 7 weeks from now.

First of 2 wells on the Coora 2 block spuds 3rd week March which must be at the latest around end of next week - 3800 feet - so again possibly on production if successful some 3 and a half weeks later and then a second well from the same location.

The CO-368 with 41ft pay in the Cruse has been producing for 271 days and is currently doing 41 bopd (average high was 52 bopd over that period).
CO-369 from 71ft pay in the Cruse formation had 188 bopd over the first 262 days and is currently above that average.

This year could we also get an almost net 1/5th rise in P2 as December 2017 ?

[sleveen] 14/3/2018 09:03

Q4 2017 financials should be released soon.

That should give a handle on the cash generation v debt.

[captainfatcat] 14/3/2018 09:00

rossanna I think you nailed it on the head. The second rigs impact on the numbers is yet to be felt.

[che7win] 14/3/2018 08:33

Rossannan, Yes, spot on.I see these going into the 20's at some stage. The company doesn't market itself or bombard the market with news either.It's flying under the radar.

[buffythebuffoon] 14/3/2018 08:33

The market looks at debt, and whether a company is cashflow positive. You can’t just look at mcap and production.

Having said that, I have a decent sized investment here and nothing in TRIN.....

Buffy

[che7win] 14/3/2018 08:28

Rossannan, I've been saying this for some time.The work over keeps things level, the drilling adds to the run rate.This is extremely undervalued IMHO.

[che7win] 14/3/2018 08:00

This price is a steal compared to TRIN, a good, progressive update today.

[awise355] 14/3/2018 07:57

Trin with a cap of £50M is producing 2,700 vs ours £16M producing 1,700

[awise355] 14/3/2018 07:51

The well optimisation is true to word, be interesting what they can do with he newest well.

[captainfatcat] 14/3/2018 07:45

Looks like solid progress being made.

8-)

[sleveen] 14/3/2018 07:45

Good operational update today.

Current 1700 bopd