Touchstone Exploration Share Discussion Threads

[grannyboy] 09/4/2018 12:30

grannyhassnuffedit you come across as quite an unintelligent individual without really trying..

[grannyhassnuffedit] 09/4/2018 11:29

Come on suckers buy buy buy

[phowdo] 09/4/2018 10:27

Better to under-promise and over-deliver.

[mount teide] 09/4/2018 10:17

Zen - 'Mid 2018 target ie end of this quarter for 900 bopd which I can't see being met. $4.1m cash currently and loan reduced to $0.96m. (Net $3.1m). Still expect them to need further cash.'

Spot on - made a similar comment last October - Cerp's rate of progress in the first 9 months of 2017 suggested the 900 bopd mid 2018 target was highly optimistic - the Q1/2018 production figures have done nothing to change that view.

[zengas] 09/4/2018 09:49

Cerps production not gaining as much traction as expected.

End of 2017 target was for 550 bopd.

561 bopd reported on 21/12/2017 so was met. Jan 427, Feb 541 and March 542 = average for Q1 = 503 bopd some 10% below end of 2017 target which is under one third 30% of what TXP produces despite a m/cap of £35m @ 5.4p.

Mid 2018 target ie end of this quarter for 900 bopd which I can't see being met.
$4.1m cash currently and loan reduced to $0.96m. (Net $3.1m). Still expect them to need further cash.

"No new fund-raises are planned in 2018 by the Company at this time, ("at this time" - doesn't mean it won't happen in 4-6 months )although the Company continues to examine new business opportunities and funding possibilities for those opportunities with various external parties."

I think this put's into perspective TXPs continuous drilling programme, c.1700 bopd current and low valuation £15m m/cap (allowing for reducing loan of £8.3m) and revenues of $32m cdn ($25m US) based on 1375 bopd for last year.

[grannyboy] 05/4/2018 20:09

Yes by rights the market should be catching up with the rise in the oil price, and as you say the company seems to be doing what it says on the tin..

[grannyboy] 05/4/2018 16:31

Canada might be getting a bit lively, I'm sure over here will bring them back down to earth...No chance of having a racing heart beat here at the moment, the shares have become comatosed.

[sleveen] 28/3/2018 18:02

Plenty of ops news to follow.

[mount teide] 28/3/2018 13:32

Forget to add, P Baay reported that the latest development well being drilled is at 2,600ft of a planned 5,000ft terminal depth, with the second higher performance rig due to spud the third well in a few days.

All ten development wells are expected to be completed within the next 5 months - by latest August 2018.

[sleveen] 28/3/2018 09:33

...pro....active......investors interview added

[sleveen] 28/3/2018 08:43

Just topped up at 11.6p.

I didn't expect to be able to buy at that price today.

[che7win] 28/3/2018 08:36

Strange behaviour by the market here.

[grannyboy] 27/3/2018 23:31

Mount Teide thanks for the feedback.