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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% | 30.75 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 30.75 | 30.75 | 30.75 | 30.75 | 30.75 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 25/7/2024 15:22 by kaos3 txp shares are just a currency to txp. it cost THEM nothing to issue - but gives them more leverage - greater companysimilar to the government printing money and dilluting current cash deposit holders via inflation. no cost to the government, lots to gain lets see ... they can personally only gain by issuing more shares and buy trin .... as over time they will get even more pay and options due to the size of the Co. their current holdings being dilluted pales in comparison i hope they stand still |
Posted at 25/7/2024 14:23 by herman007 The offer is very generous considering the explosive growth in production that will be happening in the very near future. Let us not forget that TXP has two cas wells coming online in a couple of months, and have plans to drill several new wells in the months ahead. The share price does not reflect this as the company has chosen not to communicate with shareholders due to a news blackout that seems to have been taken a little too serious. In the meantime the BOD and management have benefited from more dirt cheap options. If TXP is even considering to amend their offer, they could offer a cash compensation in addition to the shares if....and only if...they do not meet some very conservative production or share price targets in e.g. Q125. |
Posted at 25/7/2024 12:02 by redartbmud Dunders.In this instance Txp cannot be held responsible for an outrageous attempt to usurp their offer for Trin and should do nothing. Anything else would be suicide. They don't have the resources to up the ante. Maybe when the dust settles and Trin is taken over in a reverse bid offer, the idiots in the room could bid 150%, or even 250%, of the current Txp share price and put us all out of our miseries. red |
Posted at 10/5/2024 09:55 by flyinghorse1 I find it hard to believe no TXP holders are up in arms about this proposed deal. Interesting on Trinity BB its mentioned that the share allocation ratio is 19.99% to Trin so that it apparently allows TXP to issue additional share capital with out getting shareholder approval. Fait au complet.I have serious misgivings about the venture into East coast offshore (Galeota) and its implications to TXP. They know not what they are doing , so it reinforces my overall view of TXP board, their decision making process,unfortunatel Im pretty sure the majority of the Trinity holders will bail out of TXP (I dont see any time restriction on them selling stock) when the deal is done further depressing the TXP price, as most are currently bound in by agreements with Trin (ie being directors or past investors or board members), with no clean way of exiting the mess they got into. IMHO/DYOR |
Posted at 09/5/2024 09:54 by flyinghorse1 I think the Galeota development has been stranded now since the discovery well in 2013.The recent Trinity plan was to get Petrofac to look at the development and new ides and present to Trinity shareholders in Sept 2023. Trinity presented nothing to shareholders. Trinity itself went round in circles looking at all angles to develop it. The issue with Galeota is economics due to the unique field shallowness, so unless TXP want a science project all they will have at Galeota is ageing infrastructure that needs abandoning/money spent (1970's, old pipeline ). I think from past Trin presentations Galeota development needed circa $200mm capex a lot of it was up front before you even got production and the production was not certain as it relied on horizontal wells that were never drilled and tested as proof of production at Galeota. IMHO-DYOR. I may be better rephrasing my statement that its a bad deal for TXP-what I do think is TXP are incapable of understanding the offshore platform and pipeline development costs and abandonment liabilites, and existing legacy infrastructure costs, so IMHO have bid far to much for the Trinity offshore portfolio in the share offer to Trin holders. Anyhow as usual time will tell, but I would , if TXP want to resit round the table and kick those offshore tyres and re evaluate the offer for the offshore component. |
Posted at 09/5/2024 08:51 by flyinghorse1 I think this is a dangerous deal for TXP to consider as it contain risk elements that caused Trinity big problems.1)One of the TXP attractions was the implication that they had large reserves , but critically on land, and gas / condensate mainly. Trinity are the opposite- reserves/ resources offshore all oil, but largely stranded due to development costs / roi and technical development issues ( Galeota very very shallow)- ie not commercial. 2)Old offshore assets that need a lot of investment to keep running ( pipelines, infrastructure. I recall this was a big consumer of $$ for Trinity when they bought Bayfield.Abandonment carries a large cost. 4)I have concerns over TXP ability to do proper due diligence on offshore assets. I don’t recall ever reading about there skill set when it comes to offshore field management and development I’m not clear if TXP share holders get to vote on this ( like it appears TRIN holders do, but I certainly would vote against this proposed acquisition. |
Posted at 06/5/2024 21:27 by dunderheed I agree with a good post from Sturm over on LSE earlier today and excuse me replying here - but LSE reduce amount of words in posts so I'd have to write multiple entries and on phone - so not easy. I think Sturm posts here as well, so thought I'd reply here! I'm personally not sure about the “expected̶I think it is questionable how much further TRIN price may have dropped but think there is certainly room for TXP share price to increase over the months ahead so am a "little" confused (but not "that" concerned) as to "Why Now"? That is not to say it is an absolutely obvious deal to be done - at some point with obvious benefits and nothing genius in this - just like obtaining contiguous acreage to discovered resources - purported by some to be "genius", ahem. Possible "reasoning" (?) could be : 1. We dont know sod all about sod all regarding TXP current production profiles going ahead but, I'd have thought this "deal" was certainly “mooted” at least 6-9 (probably nearer the 9?) months ago when perhaps Clown expected much higher Casca profiles would be expected hence, thought share price would be higher anyway? 2. It could be that TRIN have now intimated there are other "interested parties" which led to this being upgraded more quickly than was the preference (I personally do not give this much credence however - either genuine interested parties or "bullied" into making "quick" offer by TRIN management with the "threat" of this - could have prompted now)? 3. We do not know if there was any high level "external" influence - encouraging such a deal to TXP as well? 4. Aligned with above - perhaps this deal is "linked" to other ongoing strategy we are also not aware of? To be clear we have "paid" for this with some form of perceived "dilution" had we potentially "waited" for higher TXP share price but, I really would not want Shell onshore assets at all - definitely with no further "dilution" - unless they paid us to take them or unless it could lead to some form of negotiated gas price increase (but the less said about that already publicly discussed item, the better, ahem!) - as I personally think we have far too much to be getting on with, at this time already! 4. It could be the case of Clown getting the timing strategically wrong again (surely always best to have just got Casca done and producing in first place - then do the Rosyton Chinook higher risk stuff later, IMHO)? 5. It could be the case that Casca wells coming on-stream aren't the greatest wells ever seen and the TXP share price continues to "struggle" and this prompted some "corporate actions now - rather than "later"" (I don't personally think this as I would already have sold but it is a "risk") but saying that, it would be a pretty catastrophic scenario anyway and dwarf this current perceived "dilution"! From the above, I also don’t take much encouragement that TRIN have been “convincedR 6. So who knows - it really could be any of the above or none - but one thing is for sure I would like to see some "sacrifice" within TXP senior "management" as well as TRINs for "G&A reduction efficiencies", as see this as a good opportunity to potentially clear out dead wood on BOTH sides? As ever - absolutely all IMHO and DYOR of course. |
Posted at 10/4/2024 13:51 by ashkv I am of the view that TXP will not be meeting even the low end of 2024 Production Guidance.The below Assumes that both drilled Casc wells come online on 1 July 2024 / and the Boe/d TXP will have to be averaging for H2 to meet 2024 Mid and/or Low Guidance Total H1 2024 Production (Boe/d) Assuming Q2 Same as Q1 2024 (7,015 Boe/d): 1,283,745 TXP 2024 Low Guidance -> 9,100 TXP 2024 Mid-Guidance -> 9,400 H2 Production Total Boe/d Production To Meet TXP 2024 Low Guidance: 2,046,855 or 11,124 (Boe/d) H2 Production Average H2 Production Total Boe/d Production To Meet TXP 2024 Mid Guidance: 2,156,655 or 11,785 (Boe/d) H2 Production Average |
Posted at 10/4/2024 07:23 by buffythebuffoon I held three company’s shares; SAVE, TXP & AXL in order of purchase. I wanted to raise some money and my clear favourite to sell was TXP. I sold, dribbled out, my whole investment in TXP and am completely out of them now. Of course, I only had two options in the first place and I wouldn’t sell any AXL.Paul Baay has been a real disappointment but my bigger disappointment is in not listening to my gut which just after his ‘wall of cash’ interview was telling me I should revisit a comment that a fellow bulletin board poster told me about the Calgary type mentality of the man. He shared his time between living in Blighty and living in Canada and knew what he was talking about. Invest in the man only became a number one criteria for me slightly after buying TXP. So what is the Calgary type? Paraphrasing his words it’s basically a man who flies by the seat of his pants whether he is wearing a suit or not. Think trying to herd the stampede. That’s the image I had. Even while talking with an even tone sitting at a desk the heart of the man at crunch moments is to grab what looks like an opportunity without seriously looking at the downside. Of course, maybe the upside for him was far greater than the upside for investors and he would always do well out of it. Good for him. I’ve never really bought into the mantra of Buffett that the best holding term is forever. Look at the constituents of the old FT30… The CAGR of an investment in TXP from the the start of the Ortoire acquisition has been and always will be very poor whatever happens. I won’t be looking back. Buffy |
Posted at 21/3/2024 14:33 by ashkv TXP has been a wonder share for me with an average entry price of 18-19p on my medium time frame trade which I exited around 100p on average as I sold out.I track it and will continue to do so - if you go back and review on this very chat I highlighted Coho production concerns when it was not popular on this board!!! (If I recall correctly over a year prior) Also appreciate perforations were underway - that is why I asked about January 2024 production information - was that provided prior? No info as to perforation operations results in recent RNS - which doesn't speak well as to reservoir performance!!!! The holy grail for any E&P firm!!! I glanced through TXP's 2024 RNS and I couldn't spot the Jan 2024 Production figures on a cursory review!!! If Cascadura turns out to be a Coho in terms of production profile - that Casc 2, Casc 3 etc - will only be a process of running to stay in place.... I am rooting for TXP and wish it success - but PB has not been straight... from way back (Chinook), Royston raise etc. And has PB been buying TXP shares in size? TXP Directors Buying? |
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