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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% | 30.50 | 11:56:49 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 30.50 | 30.25 | 30.50 | 30.50 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
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 13/11/2024 13:12 by ashkv "They" it seems D Head - is goading me back to my truant self...The number of EVs I post I might have made one odd error/even then please point to the same. I don't recall any as of late -> if you are unable to reference this error on my part I can only suggest it would be the right course to refrain from character assassination. I am not looking to make friends on this chat just info from balanced folks. - Would like to add that I have received more than a few PMs appreciating my analysis and can only comment that most contributors seldom share analysis other than their pronouncements and armchair expertise... Just ran the calcs for Nov and Dec 24 TXP Average Production required to attain the low end of TXP re-revised guidance. I am getting 5,145 boe/d based on provided figures for Jan to Sep 2024 and then the one off low Oct figure. Could D'Head please confirm the same? I am unsettled that 5,145 boe/d is the low end of daily production guidance for Nov to Dec 2024 with both of the new Casc wells in operation... |
Posted at 11/11/2024 13:44 by ashkv Can the well spoken / bred optimistic gents on the TXP chat pls update as to the prior instance of TXP management/board buying sizeable TXP shares? (Aside from the piddly amounts in the Employee Plan)JSE has also been dire however, the CEO is putting his hard earned after tax dollars to work!!! 3 Oct 2024 JSE CEO Buys 511k Shares at 29p for £149,800 |
Posted at 11/11/2024 12:09 by ashkv Pot calling the kettle black - that is E&P investing world wide at present.Managed some decent E&P investments - AXL, I3E, HBR etc in 2024 :) TXP I invested in the teens / top sliced in the twenties and then sold down all the way down from 150p to 80s.. Post my 2019/2020 buys dipped in again to TXP in 2023 in the 80s and luckily sold out flat :) I am well acquainted with TXP :) Wish you well. Why with the last two updates nothing about current production? Financials etc Also full year guidance still not updated? |
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 09/9/2024 08:45 by che7win The risk is with TRIN, I was very happy to switch out at the perfect time in 50s and 60s and buy TXP back on the cheap.You need to realise the risk that TRIN shareholders have being stuck with an LOL offer that doesn't go through or fails.Whilst watching TXP share price rising every week which it's doing.And missing out on selling TRIN and buying TXP at better than 1.5 share offer.TXP can walk away, upside is in TXP and I have picked up 100k arbitraging.Cheers. |
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. |
Posted at 01/8/2024 11:46 by ashkv I have been conveying the reservoir issue regarding Coho since end 2022 (go back and review my TXP posts)!!!The same reservoir underperformance versus what was forecast/modeled has unfortunately come to pass for Cascadura.. As it sadly turns out Paul Bay is the only reservoir full of gas in the case of TXP... sleveen1 Aug '24 - 12:28 - #37801 0 2 0 askkv "I do hope I am off base but TXP is a high risk venture given the Cascadura reservoir issues/unknowns and for the moment a trading share!!" You are and TXP isn't. |
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