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TXP Touchstone Exploration Inc

-0.50 (-0.98%)
Last Updated: 09:11:07
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Touchstone Exploration Inc TXP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.50 -0.98% 50.50 09:11:07
Open Price Low Price High Price Close Price Previous Close
51.00 50.50 51.00 51.00
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Industry Sector

Touchstone Exploration TXP Dividends History

No dividends issued between 22 Feb 2014 and 22 Feb 2024

Top Dividend Posts

Top Posts
Posted at 09/2/2024 11:43 by 11_percent
The desperation was the unrestrained ramping on here yesterday.

I am not desperate.....but patient.

Been here years and found this is a trade off prospective the Ortoire block is.....which is very prospective.......and the incompetence of TXP.

TXP will get there....and they are getting just takes things they will get there.

I will go for Q3/year end for the pipeline to be built and gas from Casc C pad on-line.

In the mean time we are proving Casc up as a 1 Tcf reservoir.

That alone mean we will be throwing off a huge divi for 20-30 years.

Just takes time.....lets see where we are at year end.
Posted at 08/2/2024 09:54 by sirmark
Touchstone Exploration (TXP) announced an operational update, highlighted by the drilling results of the Cascadura-2 delineation well. TXP said the encouraging Cascadura-2 delineation well drilling results represent a great start to 2024. Cascadura-2 has proved up the concept of highly productive sands extending significantly to the east of our initial Cascadura discovery. It estimates that the well was drilled for under $6 million on a gross basis, which further enhances the economics of this prolific hydrocarbon fairway. With this new data point it can design a multi year drilling program to fully develop the structure. This well has not defined the eastern most edge of the structure, which warrants further delineation through future drilling.

Comment: TXP has been one of the more frustrating plays in its space, especially after recently breaking the floor of its 50p – 90p trading range. At least today’s news gives the bulls a reason to return to the stock at the low levels on renewed prospects for Cascadura-2.
Posted at 01/2/2024 19:22 by spangle93
Have to disagree with you, kaos

I believe you do understand the TXP experts! ;-)

Otherwise the only thing I think I'd push back on is that the TXP experts on another social media platform were expecting 90 MM, because that was the initial facilities capacity, but I'm not sure TXP ever promised that.
Posted at 03/1/2024 09:25 by kaos3
I would just say that i see T&T geology as non conventional and that the conventional thinking is probably to be avoided to a degree.

By the trin txp etc experience i see the geology full of HC traces and pockets but not classic predictable fields. Where classic cpr estimates work is based upon.

Whereever they drilled in the south of the island they got HC more or less. But never in expected comercial quantity as predicted.and expected by conventional science as an average rule. Production in quantity terms always disappoints.

Combined with trini taxes, prices and culture a discount to the classics should prevail. A big one.

But i am invested and will remain so.

Because trini off shore works as it should and because of proximity of Venezuela and above all Guayana there is a high chance of a big classic field deep down.

One day one will be lucky with txp having best chances.

Until then i expect a pearl of disappointments in geological productivity first and then all the usual rest.

Over the last decade clear pattern is established and not by txp only.

Majors thinking the.same. they quit for a reason. Geology above all. Commerciality of it.

Because HC in those pockets had to come from.somewhere significant
Posted at 19/12/2023 16:03 by ashkv

TXP share price vs 52 Week low of 45p on 19 Dec 23: 0.00%
TXP share price vs 52 Week High of 94.5p on 7 Aug 23: -52.38%
Brent: $79.00
Shares Outstanding (From Q3 2023 Update): 234,213,000
Market Cap (GBP): £105,395,850
GBPUSD: 1.27
Market Cap (USD): $133,852,730
Production Average Q3 2023: 3,391
Production Average Nov 2023 including Cascadura: 8,268
2024 Mid-Guidance For Production: 9,400
2024 Year End Exit Production Guidance: 14,500
Net Debt (Q3 2023 Results RNS): $29,919,000
Enterprise Value (USD): $163,771,730
Enterprise Value Per Barrel (USD) Q3 2023 Avg Production: $48,296
Enterprise Value Per Barrel (USD) November Avg Production w/Cascadura: $19,808
Enterprise Value 2024 Mid-Guidance For Production: $17,423
Enterprise Value 2024 Year End Exit Production Guidance: $11,295
2P Reserves (Boe) Year End 2022: 75,100,000
EV/2P: $2.18
Posted at 20/11/2023 23:06 by swallowsflysouth
For those of us who have retired, we have the problem of hanging on to our spare cash and making it work for us. the potential risk of inflation is now apparently receding There is a contracting pool of shares in companies who still reward their shareholders with reasonable dividends. One of the best bets left to us is to invest in companies that have the potential for impressive rates of long term growth such as TXP.
Irrespective of what type of investor we are we are all here to make money.
Lockdown has been testing in many ways to a greater or lesser extent for all of us. While i can understand boredom kicking in and tempers getting frayed we have arrived at an important point in the history of TXP and i for one would like to see a more friendly forum. There has been many delays along the way some of which were probably caused/worsen by covid caused issues.

I have found some incredibly informative posts on here, others are funny. Many are of interest, others leave me wondering on their mental capacities. However, these forums are for pi's therefore one should not expect the level of knowledge you would expect from professionals. There will be a mixed bag regarding knowledge and the ability to research, just as there will be different styles of investing. People make genuine errors, we may get concerns over our investment, or overly enthusiastic about them. Its all part of being human.

The following 12 months should correct the share price and clarify progress of TXP.
Posted at 09/11/2023 17:54 by markliddiard
Chessman2 Firstly, to confirm I am 'Posh Mark' on TXP Discord group (not SirMark). I am a LTH'er of both TXP and PANR, as I believe strongly in the potential of BOTH companies! In relation to Mike290's recent post, you will find that this wasn't directed at the viability / potential of TXP, but was in response to highlight the modus operandi of Pro_s2009.Whom, along with a very sad bunch of 'Trolls' has recently, and very foolishly decided to 'reinfect' the PANR ADVFN BB, with another 'short attack'! (Please take a moment to read the unmoderated PANR board to see how they operate - very sad indeed!)GLA genuine LTH'ers of both TXP and PANR!
Posted at 08/10/2023 11:41 by pro_s2009
Hopefully this is the precursor for a new pricing deal between TXP and the NGC. Dont forget, every forecast is currently on the 2.5$ pricing, however, TXP are trying to renegotiate to get 3$+.

This new deal NGC to PLNL being signed, might open the door now for TXP to get their price increase. Any increase in the gas price TXP to NGC will have very significant effects on the cash inflow in future for TXP.

NGC and PLNL execute a new Gas Sales Contract

Oct 4, 2023 | Business and Business Development, Downstream Ventures and Development
Posted at 24/9/2023 01:58 by pro_s2009
Did have a chuckle then when I see people talking about a placing.......why not just write "I sold out and want to buy in cheaper" ?

Why would TXP now need money ?

What can they do with it apart from stack it up with the other money now pouring in ?

Firstly, you must obtain CEC or EIA approval to drill. TXP currently have 2 drills at Coho left on an existing CEC and 8 drills at Cascadura (4 A and 4 C) on an existing EIA. They can do nothing else in their new licenses or Ortoire until they apply for a CEC and get approval.

They are fully funded for the work ahead which is drill Cascadura 6 and 7 at the C well site, drill Coho 2 and 3 at the Coho site, drill a couple of Legacy wells and later on put a pump in Royston and in the success case at Cascadura 6 or 7, commence the pipeline and facilities to connect C to A.

By the time thats all complete their bank balance will be nice and high from their current production which is over 10,000 boepd now.

The TXP haters/traders now have to accept the fact that TXP no longer need any more equity dilution - those days are gone.......forget it and move on now. The record is broken.

The push ahead now is to get Coho to 24 per day and Cascadura to 200 per day by Q3 2024 and if Royston flows well under pump conditions some time in 2024 (after Balata/Rio Claro are signed over) then thats pure upside.

In the meantime the studies start and the CEC applications go in for the next round of exploration drilling commencing most likely Q4 2024 onwards.

The big difference is last time they used old drilling pads left over from previous exploration and so every drill was compromised as trying to get the best result from an old pad location.

The new CEC will be based on TXP building their own drilling pads, ideally located for each prospect to be drilled - no more using bad locations and trying to make the most of it.

And thats the thing for TXP, they have with the new licenses and the license swap over 50 exploration leads to drill. You wont see that next week, most likely showing only 20 to 30 - but once the other licenses go through that will zoom upwards. Most AIM companies have 2 or 3 or 4 prospects to drill. Thats the upside for TXP in late 24 and 25/26/27/28 - cash flying into the bank which pays for a dividend (2025 onwards) and loads of exploration upside.

So coming back to the broken record of a placing............ they dont need it, they dont need the cash, and there is nothing they could do with extra cash at this moment in time. The plan is in place and its fully funded already.

Timeline is likely :

Big rig drills 6
Service rig reconfigures Coho-1
Big rig drills 7
Service rig moves to Royston to instlal pump
Big rig drills Coho 2 plus poke deeper ?
Big rig drills Coho 3 plus poke deeper ?
Big rig drills legacy wells - having a poke into the deep in one of them based on TRIN findings.

Its now Q3 2024 - production is up to over 20,000 boped - Coho 24 per day and Cascadura 200 per day plus legacy and any Royston upside.

Now the fun starts - solid production and now all the exploration drilling commences............for the next 10 years - non stop exploration upside.
Posted at 21/9/2023 15:46 by swallowsflysouth
My current view of TXP
Paul is going for it big time with media exposure to raise the profile of TXP. He sees it as a transformational moment for TXP.
The Cascadura plant is designed for 200 million cubic feet a day and 5,000 barrels a day of liquids. When they have drilled the additional wells, They will fill up that additional volume to get up to the full 200 million cubic feet a day plus 5,000 barrels a day of liquids.
At Coho they will be drilling two more wells. The plan is really simply, to take that up to the full 24 million cubic feet a day of production that that facility is designed for.
Royston-1X not completely written off, further exploration to be done.
They have other interesting exploration opportunities and TXP have the cash flow to do what they to, they are no longer purely an exploration company.
TXP has a excellent relationship with Trinidad's government and are likely to be successful in getting other licences.
They really are socially and environmentally aware.
SP seems to go down on very little action.
Next week presentation might be more revealing.

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