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
  -0.85p -6.37% 12.50p 12.00p 13.00p 13.40p 11.80p 13.40p 760,083 11:50:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 16.12

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Date Time Title Posts
16/1/201814:47Touchstone Exploration868
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
13:07:1212.1510,0001,215.00O
12:15:1312.8513,7741,769.96O
12:03:5612.8525,0003,212.50O
11:52:1112.857,735993.95O
11:51:2612.857,735993.95O
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Touchst EX Di (TXP) Top Chat Posts

DateSubject
16/1/2018
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 13.35p.
Touchst EX Di has a 4 week average price of 10.63p and a 12 week average price of 10.63p.
The 1 year high share price is 16.75p while the 1 year low share price is currently 7.75p.
There are currently 128,921,428 shares in issue and the average daily traded volume is 609,672 shares. The market capitalisation of Touchst EX Di is £16,115,178.50.
11/1/2018
17:02
che7win: rossannan, I agree. And besides that, I don't think I've ever come across such a large arbitrage opportunity as between TXP AIM share price and TXP TSX share price presenting itself here. At least not since investing in Acorn shares to get ARM exposure :-) The drilling campaign here is imminent, surprised these aren't at year highs (Canada really leading the way - maybe they know more than we do). I expect TXP to hit the ground running, they want drilling asap.
09/1/2018
18:30
mount teide: Brent hits $69 - up 1.6% Latest TXP price on TSX exchange: +2.5c to 27c - @ $1.68/GBP = 16.07p
08/1/2018
16:24
che7win: Mount Teide, Thanks, resource stocks should do well this year, I'm happy to stick with oil for now.I'm very, very positive here, much more than any other Trinidad play at these prices.Wish the share price would go up here so I didn't have to buy, just too appealing at this price to me.
13/12/2017
18:58
che7win: Are you kidding me - if this is what a broker thinks of CERP, then what price should we be at, 100p?http://www.proactiveinvestors.co.uk/companies/news/188739/columbus-energy-tipped-to-rise-significantly-broker-188739.htmlColumbus Energy Resources PLC (LON:CERP) shares have been tipped to rise 380% as the recently relaunched oiler advances its assets in Trinidad.Stockbroker VSA Capital has initiated its coverage of the stock with a ‘buy’ recommendation and set a target price of 26p, versus Wednesday’s opening share price of 5.48p.Analyst Oliver O’Donnell highlighted that since the appointment of new boss Leo Koot and the group’s rebranding (from LGO Energy) the AIM-quoted share has increased by 165%, but, nonetheless, sees the price going much higher still.
08/12/2017
07:21
che7win: Drilling program expanded next year, shares placed at 6% discount, I guess this has kept the share price back. I'm disappointed that the share price was not a lot higher before they raised any money. However, this ties in with their view that current drilling costs are exceptionally low right now. Next year looking very exciting.
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
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!
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.'
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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