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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
|
|
|---|---|---|---|---|
| 0.75 | 2.52% | 30.50 | 15:48:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 29.75 | 29.75 | 30.75 | 30.50 | 29.75 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 12/11/2024 15:47 by johnoxxx Share price today I don’t believe has anything to do with directors talk interview.The share price was down last night in Canada and hence the open in London. London then dropped further this afternoon directly when Canada opened as Canada continued to move down. Personally I don’t think it has anything to do with the interview at all, I don’t see where the confusion is either? Unless you can’t read the RNS then simply that’s on the individual. If you’re told that Cas 2 is choked back to 20 mmscfd and then decide to use 26 anyway in calculations that’s on you. And to add to that, if there was confusion somehow, Q3 is due tomorrow I believe so more data then, so anyone thinking about selling would surely wait for that for confirmation for rates up to end of Q3 and maybe info for October as well? Anyway like I said I don’t believe there is any correlation between the two and I wouldn’t be surprised if a lot of on investors haven’t even watched the interview yet. |
Posted at 11/11/2024 12:03 by sleveen Clearly a master investor with a depth of knowledge second to none. Just look at JSE, and how well that's doing?What say you ashkv? |
Posted at 18/9/2024 06:16 by dunderheed More money getting wasted it seems.It makes one (continue to) wonder why oh why, as is pretty much standard practice, the BoD did not enter into pre agreed divorce settlement with TRIN? Another fine, Clown Mess, you've got me into Stanley. I certainly hope the BoD representative that chose to pursue such a strategy, will be dealt with decisively, when we finally reach the conclusion of the RNS, indicating investor concerns regarding BoD, issued post AGM! Whilst TXP shareholders wait patiently for an operations update.... As ever all IMHO, DYOR. |
Posted at 04/8/2024 11:52 by thommie Andrew, how many % of trinity shares are you holding?Normally a total of 5-10% of private investors vote on agms, etc. The rest are normally the large shareholders, of whom already 40% have to vote in favour of txps offer. Funny. But is there a binding date when trinity BOD has to do the court hearing or can they just delay it indefinitely? |
Posted at 06/7/2024 15:22 by herman007 Here is a suggested trigger list for 2H24.1) Rio (asset swap approved) 2) Trin merger/acquisition finalised. 3) Production numbers from Cas A with a concrete strategy as to how to stimulate production. The decline is currently the elephant in the room which has caused much worry and sent many investors out the door. 4) A comprehensive presentation by management, where they hopefully will confirm the start of continuous drilling, with multiple cas wells and exploration wells on the menu in 2025. 5) The completion of the infrastructure at Cas C. 6) Cas 2 and 3 tested and hooked up. 7). The commencement of drilling cas 4 and 5. 8). Production numbers of cas 2 and 3 (level of decline) and initial production from 4 and 5. If management can deliver on the above with just mediocre results, I see no reason why the market won't send the share price to 2 CAD by year end. |
Posted at 10/5/2024 12:47 by flyinghorse1 Ill also state a key reason i bought Txp ( depsite all the rns hype etc) was its land based only and has gas now so more modern mixed fuel base.Seems like the former caveat of being a TXp investor will be wiped out post deal. The risk profile changes overnight. Wonder how Canadian investors feel |
Posted at 03/5/2024 06:07 by 11_percent Here we go again......PB presents.RNS Number : 0897N Touchstone Exploration Inc. 03 May 2024 FOR IMMEDIATE RELEASE TOUCHSTONE EXPLORATION INC. INVESTOR PRESENTATION CALGARY, ALBERTA (May 3, 2024) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) is pleased to announce that Paul R. Baay, President and Chief Executive Officer, will give a presentation regarding the Company's announcement on 1 May 2024 (the "Rule 2.7 Announcement") of a firm intention to make a recommended all-share offer for Trinity Exploration and Production Plc ("Trinity"). The presentation will be at 10:30 a.m. BST today via Investor Meet Company platform. Investors can sign up to Investor Meet Company for free and add to meet Touchstone via: Investors who already follow Touchstone on the Investor Meet Company platform will automatically be invited. A recorded version of the presentation and associated materials will also subsequently be made available (subject to certain restrictions relating to persons in Restricted Jurisdictions) on Touchstone's website at: Capitalised terms used in this announcement shall, unless otherwise defined, have the meanings set out in the Rule 2.7 Announcement. |
Posted at 04/10/2023 00:03 by pro_s2009 Good post by AE. AE regularly has discussions with TXP.ActiveEurope New: Yesterday, 5:05 AM Analyst Cascadura Year end 2022 2P reserves were 75.1 MMboe and an NPV10 of U$993.7m pretax or U$450.6m post tax. It’s our understanding about 70% of that was attributable to Cascadura (52.1 MMboe) based on the area up to a fault line close to pad C. The two upcoming wells have the potential to move reserve numbers up substantially. Roughly speaking the first well (drilling from Cas C pad back towards current production 2 wells), if successful, would move 3P reserves to 2P reserves of about 35m MMboe (out of the 3P number 120.6 MMboe reported in reserve number), that’s a very significant value uplift. The next well after has the potential to bring new 2P reserves (not in 3P at all) focused on the area outside the fault line but up to the licence boundary (it drills from C pad towards licence boundary), and again if successful it could add 30-35 MMboe to 2P reserves. Lastly, if they receive final government sign off on the Rio Clara block they could drill a well from Cas C pad towards and across the current licence boundary and again if successful this could add a further circa 35m Mboe to 2P, all are approximate type numbers. Hence all 3 upcoming wells have the potential to add very significant 2P reserves and valuations, back of the envelope if all 3 were successful this could add circa 90 MMboe (80% share so net 72 MMboe) more to the existing Cas 2P of 52 MMboe (their 80% net share already). The share price/valuation is currently ‘disappointed& All 2 or potentially 3 Cascadura wells are also primed for quick production (6months tie in Cas-C to Cas-A and separators etc) into existing facilities spare capacity, the current 2 producing wells are combined at 60mmcfd gross and may potentially increase to 90mmcfd gross in the future assuming there are no geological issues. The next wells are budgeted at 20 mmcfd gross each but are actually drilling into what management interpret as a slightly more gassy (less liquids) up-dip and potentially better area of relevant reservoirs for gas. They are budgeting minimal liquids although likely there will be some. Current 60mmcf and associated liquids provides U$4m a month, a move to 90 subject to successful geology at existing 2 wells moves this to U$6m a month and if all 3 new wells are on budget that’s 60mmcf/d and another U$4m a month: in total that’s U$10m a month possible at some point in late 2024/early 2025. Annualised that’s U$120m cashflow from Cascadura possible after the next 3 wells if drilled successfully. Obviously there can be delays and poor drilling results but this should be a relatively low risk development work and there are reasons it could surprise to the upside too. Its also worth noting the next well will be deepened to a new sheet as an exploration addition, we’d value this at zero but it’s worth mentioning. Tax and Investment Petroleum Operators ‘…entitl Exploration Cascadura has clearly been a huge success and as discussed above most likely still has more to give. In the recent presentation management put slides on several other future prospects, many are near drill ready but also some fall within the hoped for new licenses and asset swap deals that could be approved anytime between tomorrow and 12 months time depending on the Trinidad authorities timelines. Recently BP/Shell offshore licence was government approved and Touchstone management are hoping onshore licenses are next in line but there can be little predicting when this might be as the authorities appear to want to tie up all the licenses together meaning only once the last agreement is set up can they all be announced together, not doing companies or licenses individually. Coho 2 should be drilled 1H 2024 with a cheaper second rig and following that Coho 3 which includes the Gibba gas prospect at P50 circa 40-45BCF, these wells should fill the Shell spare capacity of 20mmcf/d. To the West of Cascadura they have named Char, Pike, Sturgeon and Muskallunga which all could be reached from one central pad (not yet permitted) and have promising on trend seismic with Cascadura. Equally Steelhead already has a drilling license already. Kokanee is up-dip from Chinook and needs a permit but is from an old drill pad so an easier permit exercise. Valuation I have always felt that Cascadura easily covers the valuation of the whole company up to somewhere around 120-150p per share (233.46m shares*120p or 150p=£280m to £350m). This does though include an implicit view that the next 2 wells will both be successful in proving up a much larger reserve base, the third not counted until licence agreement and drilling. The NPV10 post tax current value of U$450.6m could be at least twice that if all 3 wells come on prognosis. Most share prices trade at a wide discount to 2P valuations currently but you can easily argue for 120-150p. Alternatively you might pay 2-4*cashflow (single asset in high tax jurisdiction): here you have U$48m PA as current Cascadura (60mmcfd plus liquids) run rate and possibly U$120m annual run rate if ramped up by 3Q 2024 to 150mmcf/d. This gives valuations of U$96m to U$192m at low end production to U$ 240m to U$480m at the high end in about 12months time. Maybe Coho is U$20m, legacy assets U$20m but also current net debt offsets a lot of this. Lastly if the 200mmcf facility is filled up its 160mmcf/d net to them so about U$130m. The answer is valuation ranges can be very widely drawn, typically resource based valuations tend to be higher than just using trading multiples currently as the whole sector trading multiples are quite depressed currently. Further upside can clearly come from the continuous drilling campaign and we would hope that exploration wells from 3Q2024 and beyond might be possible. |
Posted at 26/9/2023 06:30 by xxnjr Touchstone Exploration Inc.26 September 2023 CAPITAL MARKETS DAY AND RETAIL INVESTOR PRESENTATION CALGARY, ALBERTA (September 26, 2023) - Touchstone Exploration Inc. ( " Touchstone " or the " Company " ) (TSX, LSE: TXP) is hosting a Capital Markets Day ("CMD") event for analysts and investors today at 9 a.m. BST at the offices of FTI Consulting. At the CMD, Touchstone's senior management team will present further details regarding the Company's recently transformed production profile, the exciting geological profile in Touchstone's land package, as well as covering the work it is undertaking to set leading environmental, social and governance standards in Trinidad. The presentation will outline Touchstone's key drivers and areas of focus over the next five years to take advantage of its unique growth opportunities. No new material information will be disclosed about current trading. A copy of the presentation slides will be made available on the Company's website later today. If you would like to attend, please contact touchstone@fticonsul Retail Investor Presentation President and Chief Executive Officer Paul Baay will also hold a presentation and Q&A for retail investors today via the Investor Meet Company platform, beginning at 3:30 p.m. BST. The presentation is open to all existing and potential shareholders. Investors can sign up to Investor Meet Company for free and add to meet Touchstone via: |
Posted at 09/9/2023 10:11 by pro_s2009 Shares Investor Evening (London) - LIVE EVENTWednesday 27 September 2023 abrdn New India, Anexo Group, ATOME Energy and Touchstone Exploration Join Shares and AJ Bell for an evening of investment inspiration and get to meet the decision-makers. The event on Wednesday 27 September in London will include: • An opportunity for you to talk directly with the directors and ask your questions about the companies’ core strengths and their short and long-term business strategy • Meet fellow investors and share your investing experience • Complimentary drinks and snacks More about the companies presenting: abrdn New India (ANII) - Seeking world-class, well governed companies at the heart of India's growth First-hand quality seeker: intensive first-hand research and regular company engagement help us to identify world-class organizations that we believe can deliver sustainable long-term growth and weather Indian market volatility. Independent-minded investor: we are not afraid to be different by focusing on those companies and sectors that offer sustained potential to share in India’s long-term growth story, regardless of their index or sector weightings. Anexo Group (ANX) - Anexo is a specialist integrated credit hire and legal services group focused on providing replacement vehicles and associated legal services to impecunious customers who have been involved in a non-fault accident. These individuals typically do not have the financial means or access to a replacement vehicle which allows the Group to charge credit hire rather than spot hire or GTA rates, recovering these charges from the at-fault insurer at no upfront cost to the individual. ATOME Energy (AIM: ATOM), the only international green hydrogen and ammonia project development company on the London Stock Exchange. Green hydrogen and ammonia, created using 100% renewable energy, is a rapidly growing market, estimated to be worth over USD$100 billion by 2027. ATOME has a pipeline of 621MW+ of production capacity and growing. Touchstone Exploration (TXP) is a Canadian-based upstream oil and gas exploration and production company currently active in the Republic of Trinidad and Tobago. It is an independent onshore oil producer in Trinidad. Who Should Attend The evening is a perfect opportunity for existing shareholders or potential investors to hear from the directors running the companies to explain their strategy and opportunity for investors and meet them over drinks after their presentations. Evening timings 17.15 Registration and coffee 18.00 Presentations Olivier Mussat, Chief Executive Officer - ATOME (ATOM) Nick Dashwood Brown, Head of Investor Relations - Anexo Group (ANX) Paul Baay, CEO - Touchstone Exploration (TXP) abrdn New India (ANII) 20.05 Drinks reception and refreshments 21.00 Close Venue Novotel Tower Bridge, London EC3N 2NR Register Now |
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