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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Touchstone Exploration Inc | TXP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 24.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.00 | 24.00 | 24.00 | 24.00 | 24.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 15/1/2025 15:07 by kaos3 interesting discussions about how it will be, when it will be delivered....taking into account their history ... hmmmm I am waiting for them to deliver and derisk eg ... start running central block and to see smooth selling into the export market. I have enough of txp shares for my modest circumstance. and it is enough time to buy into txp in the long term. I am passing the first 10 p rise this time. last time i topped up it was at 30p before the drop. as most - probably i like the geology and how they bought the whole "HC way" onshore but now i am worried about risk exposure that txp is getting into with the debt. smallest mistake or changed circumstances can drastically impact the story with the ratio of debt/sales/productio specially when there are so many derisked oilers being so cheap as an alternative investment ps - similar with panr |
Posted at 13/1/2025 10:45 by che7win I give you a way out there, but next time, if you wade into TXP discussion, please be better informed.O/T for background knowledge, ACT doesn't like that I conveyed bullishness for the oil and gas sector and included TXP as an undervalued example in that sector on the PTAL board (I had made an initial purchase of PTAL at 31.5p this month).To answer your question ACT (please do your homework in future), TXP have immediate access to LNG prices via Central Block and new routes to market. That has indirect influence even on Cascadura which is fixed price, as TXP will likely drill on Central Block as opposed to Cascadura if given a choice.So Cascadura medium term will require a price renegotiation, sooner even as we cosy up to Heritage on Central block who are eager to get drilling.Drill baby drill! |
Posted at 16/12/2024 08:50 by che7win CavendishTouchstone Exploration (TXP): CORP Shell acquisition provides access to lucrative LNG market Touchstone (TXP) has announced an agreement to acquire Shell Trinidad Central Block Limited (STCBL) from BG Overseas Holdings Limited for US$23m in cash. STCBL holds a 65% operating working interest in the Central block, which currently produces 3,200boepd gross (18MMscf/d of natural gas and 200bbls/d of NGL's) or 2,080boepd net to TXP of low decline production. The assets include an 80MMscf/d gas processing plant (the Evergreen Facility) and a gas export pipeline connecting to both the domestic market and the Atlantic LNG facility providing TXP with exposure to the high-margin LNG export pricing. The transaction is expected to be funded by debt and TXP are in active discussion with its Trinidad-based lender (Republic Bank) to fund the acquisition. The acquisition is expected to have an effective date of 1 January 2025 and is expected to close in 2Q25. |
Posted at 11/12/2024 08:21 by ashkv Was undertaking a brief comparison - net cash (25% of AXL share price at 21p), high growth, highish decline with new wells (similar to TXP) highly profitable super growth firm Arrow Exploration (AXL) is trading below EV/Flowing Barrel as compared to TXP at TXP 52week lows yesterday. And this when AXL is a 100% oil producing firm!!!Even Jadestone Energy currently trading below EV/Flowing Barrel of TXP when it produces 70% oil and 30% higher priced gas!!! And so on.... Disjointed markets - superb relative value opportunity.... Where would I rather have my funds if allocating to the AIM E&P sector? |
Posted at 10/12/2024 15:39 by ashkv Informative presentation - net net "Jam Tomorrow" And that too if all goes well!!2026 looks to be another year where likely no funds for exploration drilling!!! Farm-out on some blocks being discussed internally - but it appears not a focus at present. Interestingly TXP only have environmental clearance for another 8-10 wells on Casc and will have to through the prior long delayed process to permit further wells at Casc per my understanding. Would have liked to drill all 4 wells in Q1 as the rainy season picks up going into year end - however, even with the 10mn credit increase that is underway - it would have become financially precarious to front load drilling to such an extent. Final Casc well for 2024 delayed to early Jan 2025 as bridge to enable shift of rig not ready - though bridge will be ready by Mid-December. However, holiday roster is light and staff to man rig / drill not available into Christmas holidays. Didn't rule out an equity raise when share price is higher - but ruled it out for now/upcoming Casc wells. TXP appears open to further Trinity type / would have allowed further drilling - however, my take that none are anywhere near announcement / if any!!! TXP fairly priced where it is!!! Show me the money!!! TXP got empty pockets!! |
Posted at 13/11/2024 13:26 by ashkv It wasn't JSE from my recollection - I know that firm inside out/has a simple capital structure!!! A typo error if ever - and I would have corrected the same.TXP EV/Flowing Barrel given extremely low gas sold prices is "relatively" overvalued as compared to most other AIM E&P firms - for one HBR is trading a lower EV/Flowing Barrel than TXP..... TXP SHARE PRICE-> 32.50p TXP share price vs 52 Week low of 27.12p on 13 Aug 24-> 19.84% TXP share price vs 52 Week High of 60p on 8 Dec 23-> 84.62% Brent-> $72.00 Shares Outstanding (From Q3 2024 Results RNS)-> 236,382,000 Market Cap (GBP)-> £76,824,150 GBPUSD-> 1.275 Market Cap (USD)-> $97,950,791 Production Average Q3 2024-> 5,211 Production Average Q2 2024-> 5,432 Production Average Q1 2024-> 7,015 Production Average Q4 2023-> 8,504 2024 Re-Revised Mid-Guidance For Production (5600 to 6200 boe/d)-> 5,900 Guided YE 2024 Net Debt (Q3 2024 Results RNS)-> $32,000,000 Enterprise Value or EV (USD)-> $129,950,791 EV / Per Barrel (USD) 5,145 Boe/d Daily Production for Nov to Dec 2024 to meet low end of 2024 Guidance -> $25,258 EV / Per Barrel (USD) Q3 2024 Avg Production-> $23,923 EV / Per Barrel 2024 Mid-Guidance For Production-> $22,026 2P Reserves (Boe) Year End 2023-> 67,379,000 EV/2P-> $1.93 |
Posted at 04/11/2024 13:34 by ashkv Given what the expectation was for Cascadura and the guidance for the year / which has been heavily slashed and likely will be further downgraded.....It conveys that TXP's Cascadura reservoir modelng/performance guidance is still a big question mark!! Therefore hints of Hurricane Energy - For Hurricane Energy oil was present but not to the extent initally outlined by third party expert CPRs... ergo the similarly with TXP. ""Hints of Hurricane Energy about TXP!!!" No " Also if production was outperforming - it would be expected that TXP should mention the same in an update nearly 6 week on from the prior ops update. As I conveyed when information is omitted by TXP it is more often a flashing indicator that all is not well.... |
Posted at 04/11/2024 12:22 by ashkv Caveat Emptor TXPNo information about variation in flow rates/actual flow rates!!! Why? Going by prior RNS of TXP - what is omitted is more often than not a negative that is being withheld. One well bought online - perhaps issues with the second well!!! Nothing about current TXP production? And updates as to the steep decline curves of the prior two Casc wells!!! No update on cash at hand!!! I would stay in as perhaps some momentum - but imho TXP is not a buy and long term hold stock as I am of the view that TXP is overly optimistic on the Cascadura Geology / Is still figuring it out!!! Hints of Hurricane Energy about TXP!!! |
Posted at 10/9/2024 10:59 by che7win Act,have you ever thought to ask why TRIN share price is tracking TXPs and not the 68.5p LOL offer? Is there something you might be missing? Do you think LOL are as keen now to take over TRIN with oil price crashing? Or TXP for that matter? Is there a risk all parties leave and TRIN have to carry on alone? Is TXP with a diversified oil and gas portfolio and predominately gas at a contracted fixed price a better option? Are you blinkered so that you can’t size up the risk that the market is apportioning to TRIN and the upside for TXP? I am happy to have predicted the share prices so far, to have sold TXP and bought TRIN, then to have sold TRIN at highs and to have moved back to TXP, then for TXP to have risen 15%. I even argued that I saw TRIN as lowish risk and possible upside in another takeover approach, which happened and I had publicly speculated on. Each risk profile is different for each shareholder. The risk changed, because TRIN could be jilted at the altar by one or both approaches, and that risk has increased since oil is falling. TXP now having a free option to leave TRIN acquisition, thanks to directors of TRIN providing that option was a risk too far for me. To be landed in TRIN and possibly for TXP to walk away, it’s a real risk too far for me. And the worst thing….having to take a cash offer when the upside for TXP is theoretically multiples of current prices. So far, so good for me - yet you keep mentioning me? Why? I have been transparent in my thoughts and actions from May to now, go back and look at my posts on TRIN to understand, I was generous to be open on my thoughts. Not too many others were. |
Posted at 21/8/2024 06:54 by che7win I don't want to post this on TRIN board.If a TRIN shareholder and wanting the TXP deal to go through, why would you not sell your TRIN shares now and buy TXP, both eliminating the risk of the LOL offer succeeding and at the same time enhancing the offer TXP has made because of the arbitrage opportunity? I’m surprised there isn't more selling in TRIN and buying TXP with proceeds and that this opportunity still exists. That to me is the win win situation, especially if you think TXP will succeed. It is a low risk play that will soon disappear, because those TXP wells coming onstream will make TXP share price rocket from here IMHO. |
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