Touchstone Exploration Share Discussion Threads

[redartbmud] 13/12/2024 19:18

Personally, I have observed over the years that my nose doesn't extend to an extreme length when I speak or post.
I really couldn't comment about the other fella. (and we all know who he is, don't we boys and girls).

red

[redartbmud] 13/12/2024 19:15

chessman

You obviously have great ability to hold your breath.

red

[chessman2] 13/12/2024 17:46

Thanks for that hd.

It leads me to believe I may be above water by the end of 2025!!

[hiddendepths] 13/12/2024 17:33

475,000 delayed trade. Hmmm.

[homebrewruss] 13/12/2024 17:33

New December detailed presentation

[dunderheed] 13/12/2024 17:02

Agree S93 which is really why I thought Shell would give it away for a quid or something but we will never know.
Of course there are some on here that think there are really good negotiators @ TXP by landing the lapsed LOL assets for quite a generous work programme when there was probably zilch competition for it but, that's another story.
PS I hope they got a divorce clause this time FFS!!

[spangle93] 13/12/2024 16:57

zho-dunders - appreciate the clarification. As I posted earlier, the net income should be around £1MM/mth ballpark, depending on gas/LNG prices and production rates advised, so yes, the eventual cost should be lower than the headline if it doesn't complete until 2Q.

But it's not going to halve or anything of that quantum. And it's not a deal like SQZ pulled off in the North Sea, where the purchase cost was taken from future revenue streams. A significant capital outlay will still be required

[dunderheed] 13/12/2024 16:56

If Gonzo manages to get this asset for $23mm @ or around 4% equivalent interest with no share issue at all, plus a carry for the accrued abandonment to date, I will be the first to congratulate him.
I'd have preferred "BG" paid us but I am known for being a tight bustard!!

Now whether or not this motley crew can properly manage these assets is a completely different proposition but they'll "probably" squeeze more out of this than Shell will, primarily because it is meaningless for them, IMHO.

[dunderheed] 13/12/2024 16:50

S93 people just don't read RNSs however what I think chiggers meant is that it will not mean paying 23mm cash post entitled production adjustments!!
He was so quick to "snipe" @ Reds post, in his haste he did a bit of a Gonzo commentary methinks!

[zho] 13/12/2024 16:49

I think that an effective date of 1 January means that revenues after that date get knocked off the purchase price. These would count as closing adjustments.

[ashkv] 13/12/2024 16:46

I fell off the wagon - saw my handle being mentioned and the witty little bitty from redartbmud lured me back with a smile...


ballymoss1813 Dec '24 - 14:18 - 38708 of 38722
0 4 0
A bit like somebody saying they are done for the day with TXP and 4 hours later return.

[spangle93] 13/12/2024 16:39

che7win 13 Dec '24 - 15:53 - 38715
Why would you think it will cost them 23m?

I'm probably being stupid here, but doesn't it say that twice in the RNS that this is the cost of the transaction, caveated with "prior to closing adjustments"

[sirmark] 13/12/2024 16:22

Absolute GAME CHANGING NEWS TODAY !!!! TXP is a SCREAMING BUY !! Now the largest on shore producer and about to spud in the new 2/3 weeks

[che7win] 13/12/2024 16:12

John, red has chosen to not tell the truth or else just ignorant to the facts.Which are that they paid $6m back this year and will pay another 1.5m back in the next few months...as per the Malcy interview

[johnoxxx] 13/12/2024 15:58

And it’s via their existing lender no?

And why can’t they pay the interest? Can you clarify this red?

Cheers

[che7win] 13/12/2024 15:53

Amazes me sometimes how people thinkWhy would you think it will cost them 23m?Closes 2nd quarter.

[redartbmud] 13/12/2024 15:46

hello Mr bank Manager

My name is Paul Baay, chief executuve pf Touchstone Exploration.
I want to borrow $23 millions to buy an oil * gas asset in T&T.
My company is maxed out with my current lender.
My business plan is a few years behind schedule.
I have never met any of my forecasts.
I cannot give accurate production forecasts for near term oil and gas production.
I cannot complete my near term drilling programme because I do not have the funds/cash flow to do it.
A while ago I told my shareholders that thet should imminently expect a $200m wall of cash. It hasn't happened.
Just now I tried to take over another business that was generating a positive cashflow that would have solved some of my funding issues - it failed.
I can't pay much interest and I don't know if ir when I can repay thre whole sum.
I cannot guarantee that the total sum of my net assets would cover the loan.

Will that be ok? And I need it by 1 January 2025.

Merry Christmas and a Happy New Year.

Yours in expectation.

Paul Baay.

[sirmark] 13/12/2024 14:48

Level 2 ticked up well 4 v 2 from 3 v 3 so two moves pretty descent ... ready for a late Friday FOMO Rally :)


Still insanely cheap anything sub 50p IMO is honestly just too cheap !!

[sleepy] 13/12/2024 14:37

Che7win - don’t understand. I am not suggesting they are talking to more than one bank.

[sleepy] 13/12/2024 14:34

Thanks ashkv

[che7win] 13/12/2024 14:31

He corrected Malcy on the funding question. Malcy thought TXP were talking to multiple parties on funding and Paul indicated it was with one bank, same as last year and made it sound like it was more of a routine yearly process.