Share Name Share Symbol Market Type Share ISIN Share Description
Touchst EX Di 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
  +0.00p +0.00% 13.00p 12.75p 13.25p 13.00p 13.00p 13.00p 1,011,843 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 13.41

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Date Time Title Posts
17/11/201710:30Touchstone Exploration490
24/10/201715:58Touchstone Exploration 7
10/10/201709:36Touchstone Exploration - 2014 - A new dawn891

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Touchst EX Di (TXP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-11-17 17:15:0014.00823,625115,307.50OK
2017-11-17 17:15:0014.00823,625115,307.50OK
2017-11-17 16:27:1412.8332,2294,133.37O
2017-11-17 15:33:5912.8310,0001,282.50O
2017-11-17 13:02:4412.9120,0002,582.50O
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Touchst EX Di (TXP) Top Chat Posts

DateSubject
18/11/2017
08:20
Touchst EX Di Daily Update: Touchst EX Di is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TXP. The last closing price for Touchst EX Di was 13p.
Touchst EX Di has a 4 week average price of 12.25p and a 12 week average price of 8.13p.
The 1 year high share price is 16.75p while the 1 year low share price is currently 7.75p.
There are currently 103,137,143 shares in issue and the average daily traded volume is 972,321 shares. The market capitalisation of Touchst EX Di is £13,407,828.59.
17/11/2017
09:11
rossannan: scottishfieldWhether that is a low price, in the sense of good value, remains to be seen. Giving current production figures in this week's RNS would have provided another piece of the puzzle.The issue is whether or not TXP is running to stand still. There are two things going on here, the normal low cost interventions (up to and including recompletions) and new drilling. For the current share price to offer good value you would want to be clear that the normal low cost interventions are sufficient to at least maintain production (so that the incremental barrels that have been and will be generated by new drilling do not just turn into replacement barrels).There are a number of differences between TXP and TRIN, but the key one is that with TRIN we are not only clear that the normal low cost interventions are at least maintaining production, we are clear that they are in fact increasing production.
15/11/2017
11:20
rossannan: bad gateway I think it's really cool that you're concerned, but don’t be. I have been in TRIN for a long time and plan to remain in TRIN for the next couple of years at least. The share price will do whatever it wants in the meantime. If you think that charts have something to tell us, what do you make of the TXP chart? For gold standard transparency the TXP BoD could always give us a production graph to get our teeth into. It’s a shame that they did not at least include current production in yesterday’s RNS.
04/11/2017
14:39
rossannan: Mount TeideOr the comment of someone who takes TXP's published RNSs as his starting point, as does the market if the share price is to be believed.
04/11/2017
00:31
mount teide: 'Share price here becoming a bit more realistic'???? TXP down 11.7% from its recent high (17.0p offer down to 15.0p) while TRIN is down 16.8% from its recent high (20.75p offer down to 17.25p) Using your logic, TRIN's current share price would be described at becoming much more realistic by comparison! At $62 oil many would suggest TXP is better value at 15p, than it was under 10p when oil was $50. Since TXP is cash flow positive below $50 oil, the current £15m market cap is totally ridiculous considering the economics of the business. TXP annual revenue at $62 oil, after adjustment for oil sales brokerage and royalties is greater than the current market cap!
31/10/2017
20:05
mount teide: O&G sector rising tide strengthens! BP is the latest oil major to report a very healthy set of results for Q3/2017, signaling that the sector is making good progress in adjusting to lower oil prices. Profits at many of the world's biggest energy companies are now soaring, helped by a stronger crude market and stringent spending cuts. Last week, Exxon Mobil Corp and Chevron both reported huge increases in third quarter profits, up over 50% compared with the prior year. French oil major Total SA saw its earnings jump 40%. Royal Dutch Shell PLC reports later this week. The strong set of earnings plays into a run up in international oil prices to more than $60 a barrel, the highest level since early 2015. This has lifted BP's share price to a seven year high.
16/10/2017
06:39
wheniamfree: Investor presentation with Q&A, Company are engaging with SHs well. I like the bit about rerating shares and improving liquidity to be on par with peers. £12m MCAP whilst peers of CERP at £44.7m and TRIN £52.2m. TXP fits right in the middle so in balance should be £48m MCAP or a share price of 46p comparable.
10/10/2017
20:36
brasso3: Zengas You are being very defensive and I was only adding my own observations to your comparison. I did not even comment on TRIN! CERP do not have a drilling programme planned yet you have referred to a 10 well programme. They are doing workovers only at present some of which cost less than $10k a well and have yielded increase of 25 - 50 BOPD. You are correct to point out that the BoD have done an excellent job raising £4m at a price of 5p which was above the 30 day average share price and far beyond the year low of sub 2p. You state that TXP are aiming for 2000 BOPD in 2018 but over the last 5 years have failed to increase production from the 1200 - 1300 range. I am not saying they will not increase production but history can give an indication of the future.
10/10/2017
09:39
mount teide: Thanks Sleveen. Some analysis on TXP by ValueThe Markets in July 2017 - shortly after it came to AIM: Touchstone Exploration - positive start on AIM could cause the share price to rerate - ValueTheMarkets: 'Since Touchstone Exploration (LSE:TXP) debuted in London just under a month ago its share price has risen 20%. It now trades at 8.75p on the bid (last seen). Touchstone is an oil and gas company, with onshore operations located in Trinidad and Tobago. In its latest quarterly report the company announced oil production had increased to 1,335 barrels per day (“bopd”). As I recently reported, Touchstone’s £7.3million market cap values the company favourably compared to its direct peers on AIM. This implicit undervaluation is encouraging, but improving fundamentals suggest a re-rate could soon be on the cards. When Touchstone came to AIM it raised £1.45million at 7.25p. The company’s plan is to increase oil production to 2,000bopd by 2018. Its pitch was it would achieve this through development of its low cost reserves (C$7.35 per barrel of 1P reserves and C$6.00 per barrel of 2P reserves) and lean operating model. One of the attractive aspects of Touchstone’s assets in Trinidad and Tobago is they are forecast to have low decline rates, suggesting both longevity of operations and resilience to the persisting low oil price. For private investors this almost sounded too good to be true. Compared to a lot of the rubbish in the lower reaches of the oil & gas sector on AIM, here is a company presenting a credible operational plan, trading at a modest price. Better yet and the board has been talking up the prospects of dividend payments! In the words of CEO Paul Baay, “When we set up Touchstone our goal was to create a dividend paying business. We were on our way there until oil turned south a few years ago. Moving forward this is still our plan, but it will largely be a function of where the oil price is. However there are also operational improvement we can make to ensure the business is run as efficiently as possible, including reducing drilling and operating costs.” This sounds great, but how much is a cynical market likely to believe this story? Judging by Touchstone’s news flow over the course of its first month on AIM, it seems likely it won’t take long for it to win over more admirers. The company’s Q2 operational report is certainly promising. During June, Touchstone brought two wells into production on its Coora Block. Well CO-368 produced 111bopd for its first 26 days of production and Well CO-369 produced 151bopd over its first 17 days. These wells obviously had a positive effect on Touchstone’s overall production rate. In the last quarter this rose to the 1,335bopd already quoted and it rose again in the first 17 days of July to 1,455bopd. As positive as the contribution from Coora has been, Touchstone’s attention is much more focussed on developments in the WD-4 Block. According to Baay, the company “has had the most success at WD-4, which is its largest and deepest producing block. Having not drilled wells for a couple of years because of the price environment, we completed an extensive review of our assets. As a result of this we now want to look for deeper production horizons, which will bring into play new production and new reserves. This is exciting for the island and a cheap way to conduct exploration.” As the final part of this summer’s four well drill campaign, Touchstone also drilled two wells at WD-4 (PS-598 and PS-599). These have encountered approximately 637 feet of net oil pay and Baay says, “based on performance of other wells at WD-4 we are expecting the two wells to produce at a sustained rate of 100-150bopd.” When asked why the company had not already released initial flow rates Baay replied, “releasing initial flow rates is not our style. The data is extremely unreliable. Our policy is to wait until we have gained a good idea of stable flow rates, before updating the market.” Assuming PS-598 and PS-599 meet the lower end of Baay’s expectations, by the end of summer Touchstone could be producing about 1,700bopd. This is not far off the target of hitting 2,000bopd by 2018. Looking to the future Baay commented, “our operational goal is to have one rig continuously drilling on the island. This will bring more wells into production and improve the company’s cash flow generation.” This suggests the company has plans to drill more wells in the second half of the year, not least because of the importance of generating increased cash flow. Touchstone is going to need this because one area to be mindful of is its debt. On 23 November 2016, Touchstone received a $15million loan from a Canadian investment firm. The interest rate is 8% and principal payments are due from 01 January 2019. The loan matures on 23 November 2021. Touchstone explains this in more detail in its Q1 report, but Baay believes the main point to take home is “that the company’s debt is manageable. The interest rate is reasonable considering market conditions and Touchstone has built into its plan the provision to start making principal repayments in 18 months time, from internally generated cash flow.” Touchstone’s reported financial performance in the first quarter of the year supports Baay’s belief. Although Touchstone lost C$1.1million, this was down from C$3million the year before. However, Touchstone’s operating profit during the period (including general and administrative expenses) was C$1.3million. Assuming increased production has not led to a significant increase in operational expenditure, this bodes well for Touchstone’s next set of reported figures. These are due out on 11 August. If Touchstone can demonstrate continued financial improvement as we move further into 2017, expect the market to sit up and take note. The £7.3million market cap could start to look cheap, as investors buy into the business’ potential.'
21/9/2017
08:03
zengas: Columbus M/Cap £24m @ todays 4.3p (559.5m shares in issue). 11.8 mmbo P2 . Exploration Opportunities in Goudron deep & S.West Peninsula. Production target 550 bopd by end 2017 to 900 end H1 2018. Debt $1.344m end June and cash remaining £1.684m. Plan to drill 10 wells at $500k each = $5m so debt or dilution will rise in line and $750k being advanced this coming quarter from a total funding facility of $8.6m. Revenue to end June £2.46m (circa $3.2m). ============================================== Touchstone M/cap £8.9m @ todays 8.625p (103.13m shares in issue). 15.68 mmbo P2. Exploration upside in Ortorie block with 4 known oil pools. Current production broke 1500 bopd last month and on target for 2,000 bopd with 4 wells to drill by year end - then onward drilling programme of some 10-20 wells. Debt end June = $14.7m (from $15m loan) reapayable at $810k/qtr commencing Jan 2019 with principle due in 2021. Cash $9.925m. Decommissioning transparent at $16.17m over next 25 years and $738k paid into govt abandonment fund in June. Half year revenue to June $14.827m. On an equal m/cap rating then TXP should have equivalent minimum 23.25p share price never mind greater revenue, production and reserves.
01/8/2017
19:04
mount teide: Touchstone Exploration - positive start on AIM could cause the share price to rerate - ValueTheMarkets • July 24, 2017 'Since Touchstone Exploration (LSE:TXP) debuted in London just under a month ago its share price has risen 20%. It now trades at 8.75p on the bid (last seen). Touchstone is an oil and gas company, with onshore operations located in Trinidad and Tobago. In its latest quarterly report the company announced oil production had increased to 1,335 barrels per day (“bopd”). As I recently reported, Touchstone’s £7.3million market cap values the company favourably compared to its direct peers on AIM. This implicit undervaluation is encouraging, but improving fundamentals suggest a re-rate could soon be on the cards. When Touchstone came to AIM it raised £1.45million at 7.25p. The company’s plan is to increase oil production to 2,000bopd by 2018. Its pitch was it would achieve this through development of its low cost reserves (C$7.35 per barrel of 1P reserves and C$6.00 per barrel of 2P reserves) and lean operating model. One of the attractive aspects of Touchstone’s assets in Trinidad and Tobago is they are forecast to have low decline rates, suggesting both longevity of operations and resilience to the persisting low oil price. For private investors this almost sounded too good to be true. Compared to a lot of the rubbish in the lower reaches of the oil & gas sector on AIM, here is a company presenting a credible operational plan, trading at a modest price. Better yet and the board has been talking up the prospects of dividend payments! In the words of CEO Paul Baay, “When we set up Touchstone our goal was to create a dividend paying business. We were on our way there until oil turned south a few years ago. Moving forward this is still our plan, but it will largely be a function of where the oil price is. However there are also operational improvement we can make to ensure the business is run as efficiently as possible, including reducing drilling and operating costs.” This sounds great, but how much is a cynical market likely to believe this story? Judging by Touchstone’s news flow over the course of its first month on AIM, it seems likely it won’t take long for it to win over more admirers. The company’s Q2 operational report is certainly promising. During June, Touchstone brought two wells into production on its Coora Block. Well CO-368 produced 111bopd for its first 26 days of production and Well CO-369 produced 151bopd over its first 17 days. These wells obviously had a positive effect on Touchstone’s overall production rate. In the last quarter this rose to the 1,335bopd already quoted and it rose again in the first 17 days of July to 1,455bopd. As positive as the contribution from Coora has been, Touchstone’s attention is much more focussed on developments in the WD-4 Block. According to Baay, the company “has had the most success at WD-4, which is its largest and deepest producing block. Having not drilled wells for a couple of years because of the price environment, we completed an extensive review of our assets. As a result of this we now want to look for deeper production horizons, which will bring into play new production and new reserves. This is exciting for the island and a cheap way to conduct exploration.” As the final part of this summer’s four well drill campaign, Touchstone also drilled two wells at WD-4 (PS-598 and PS-599). These have encountered approximately 637 feet of net oil pay and Baay says, “based on performance of other wells at WD-4 we are expecting the two wells to produce at a sustained rate of 100-150bopd.” When asked why the company had not already released initial flow rates Baay replied, “releasing initial flow rates is not our style. The data is extremely unreliable. Our policy is to wait until we have gained a good idea of stable flow rates, before updating the market.” Assuming PS-598 and PS-599 meet the lower end of Baay’s expectations, by the end of summer Touchstone could be producing about 1,700bopd. This is not far off the target of hitting 2,000bopd by 2018. Looking to the future Baay commented, “our operational goal is to have one rig continuously drilling on the island. This will bring more wells into production and improve the company’s cash flow generation.” This suggests the company has plans to drill more wells in the second half of the year, not least because of the importance of generating increased cash flow. Touchstone is going to need this because one area to be mindful of is its debt. On 23 November 2016, Touchstone received a $15million loan from a Canadian investment firm. The interest rate is 8% and principal payments are due from 01 January 2019. The loan matures on 23 November 2021. Touchstone explains this in more detail in its Q1 report, but Baay believes the main point to take home is “that the company’s debt is manageable. The interest rate is reasonable considering market conditions and Touchstone has built into its plan the provision to start making principal repayments in 18 months time, from internally generated cash flow.” Touchstone’s reported financial performance in the first quarter of the year supports Baay’s belief. Although Touchstone lost C$1.1million, this was down from C$3million the year before. However, Touchstone’s operating profit during the period (including general and administrative expenses) was C$1.3million. Assuming increased production has not led to a significant increase in operational expenditure, this bodes well for Touchstone’s next set of reported figures. These are due out on 11 August. If Touchstone can demonstrate continued financial improvement as we move further into 2017, expect the market to sit up and take note. The £7.3million market cap could start to look cheap, as investors buy into the business’ potential.'
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