Touchstone Exploration Share Discussion Threads

[che7win] 26/3/2018 11:04

Hope you are all signed up for the Txp presentation tomorrow night at 7pm

[che7win] 23/3/2018 22:08

@TouchstoneExp President & CEO Paul Baay will be presenting live on @ValueTheMarkets on Tuesday 27 March at 7pm following the announcement of TXP Final Results. More Details to follow. Any questions send to ValueTheMarkets #TXP #Trinidad #Oil

[che7win] 23/3/2018 15:07

Oil hitting new highs, this stock will rerate, surprised TRIN hasn't pulled us up.

[mount teide] 23/3/2018 14:36

Brent hits $70.21 - highest price since November 2014 - TXP could not have timed the 10 well development drilling and 24 well recompilation programme better !

[grannyboy] 22/3/2018 08:37

Or big earner, all being well...

Might hear of the disposal of the Icacos field next week along with results?!!.

[captainfatcat] 21/3/2018 18:22

Interesting snippet of info

[sleveen] 21/3/2018 13:37

ross

I'd wait for the prelims next week.

[phowdo] 20/3/2018 12:16

Probably like you, I'm still long both as long as crude holds up.

[phowdo] 20/3/2018 10:47

Do see those post tip drifts quite often (eg the mails tip of FDEV at turn of year)
Regardless, A TRIN rerating should give extra visibility here too.

[grannyboy] 19/3/2018 13:54

Everytime TRIN ticks up, TXP follows suit..

[zengas] 19/3/2018 09:36

Got a further 100k at 12.99 just now.

If Trin can be tipped as a buy at £50m m/cap there's no reason that TXP is not an equally good buy in the face of it's growing production and reserves at less than 1/3rd of Trins m/cap (which is not to take anything away from the merit of Trin).

[awise355] 19/3/2018 09:16

What time did you make the purchase, I also hold 100k and feel excited to go up 200% and have the same market cap as TRIN

[mount teide] 19/3/2018 09:11

Was unable to get an online quote for 100k at the opening bell under 13p but got an immediate CFD offer from IG at 12.5p - took it.

Market cap has only appreciated by around £5m to £16m since the days oil changed hands at $35, TXP's highly successful drilling programme specifically targeting the deeper plays began last summer, and its hugely material 2018 development drilling and re-completion programme commenced last month.

Makes little sense when considering the hugely positive cash flow impact of these developments to date and going forward to the overall performance of the business.

From a pure value perspective it looks as good as anything in the sector - expect the news flow from the 2018 production development drilling/re-completion programme to significantly change that as it progresses through the year.

[che7win] 19/3/2018 08:18

The more TRIN goes up, the more we look stupidly cheap IMHO!

[bent banana] 18/3/2018 18:08

May be of interest to you guys.