Touchstone Exploration Share Discussion Threads

[sleveen] 12/1/2023 08:11

c7

Profit taking by those who bought below 60p.

That might continue today , but soon an operational RNS will be issued which should move the share price toward 90p IMHO

[che7win] 11/1/2023 18:40

Oil rocketing = TXP down

[pro_s2009] 11/1/2023 13:20

Sounds like we have a Proactive or a Directors Talk interview coming soon.....keep an eye open.

[pro_s2009] 11/1/2023 07:26

O/T Excellent news over on DELT.

Struck a hole in one......Gas discovery - onwards to full flow testing.

https://uk.advfn.com/cmn/fbb/thread.php3?id=50832850

.

[lauders] 11/1/2023 06:29

Https://trinidadexpress.com/business/local/touchstone-bids-on-five-blocks/article_d279ac8e-90ee-11ed-afe2-eb3ccea4e667.html

Touchstone Energy’s bid on five of the eleven land blocks offered by the Ministry of Energy and Energy Industries' latest auction is an attempt by the company to build on its existing discoveries in the Ortoire block.

A drone image of Cascadura Deep too.

[pro_s2009] 11/1/2023 01:46

https://trinidadexpress.com/business/local/touchstone-bids-on-five-blocks/article_d279ac8e-90ee-11ed-afe2-eb3ccea4e667.html

TOP STORY

Touchstone Bids on Five Blocks

................................

[spangle93] 10/1/2023 18:04

Thanks HBR

Guayaguarare and St Mary's look the most important/prospective to win, while Tulsa and Cipero are both partly within the shown Ortoire fairway.

Charuma is a big licence with (I would imagine) a different target, possibly why Primera is the only bidder

[captainfatcat] 10/1/2023 17:10

Thanks for the heads up

[1domus] 10/1/2023 17:01

Interview tomorrow

[homebrewruss] 10/1/2023 09:59

Onshore bid round submissions are in for anyone that hasn't seen yet.

[pro_s2009] 10/1/2023 04:08

Malcys comment :

https://www.malcysblog.com/2023/01/oil-price-diversified-energy-touchstone-serica-and-finally/

........This is a very useful property swap assuming that is that the technical team have correctly called the opportunities that give substantial potential upside at Herrera and there is no reason not to think that the deal will be substantially net positive for it.

At the Royston discovery and and at the Ortoire block these deals not only protect existing finds but also allows the company to extend them into the acreage. Such portfolio reorganisation is part of a high quality team being aware of adding reserves and production when it can do deals which provide added value.

I have been convinced for some years that the team at TXP have got a great, long term plan in place by which they constantly upgrade the portfolio in a meaningful scale. The overall quality and size of the asset base has always been a major reason for my positive view on the shares which rallied on original discovery and definitions of such a sizeable portfolio. 

Now that along with moves like this announced today, together with the successful bringing on of Coho last year and the imminent delivery of Cascadura and of course Royston to come means that a fully funded TXP can justify a Target Price of 200p per share and as I write the Bucket list for this year I am inking in the company with its substantial potential upside. ..........

[pro_s2009] 10/1/2023 04:00

Dont forget, they are going Cretacous soon..........Krakken is the key.......they will want all potential Cretaceous license targets in their control BEFORE they drill Krakken.

Hence their current actions.........

[red rook] 10/1/2023 03:20

... IMO after getting Balata East and Rio Claro the latest bid round it somewhat superfluous
... St Mary's block and possibly Cipero ... yes
... St Mary's would would be the cherry on the top !

... then again you can never be too greedy :-)
... maximising their acreage, especially in the Herrera fairway, could attract one of the bigger players to TXP as a possible takeover target.
... is that a strategy that PB is considering with these bids somewhere down the line?
... it will interesting to see how things pan out.

[pro_s2009] 10/1/2023 02:05

Touchstone have bid for 5 licenses.

St Marys and Tulsa and Cipero and Churuma and and Guauagguayaro

If they get those and also the new deal for Rio Claro and Balata East....wow....they will have a massive chunk of Central and South West Trinidad......

[pro_s2009] 10/1/2023 00:23

More news soon

[homebrewruss] 09/1/2023 18:28

A bit of historical info on the blocks acquired in one of Xavier's old docs.
They know what they're getting
hTTps://www.searchanddiscovery.com/documents/2020/11293moonan/ndx_moonan.pdf

[spangle93] 09/1/2023 17:31

finncap note here

hTTps://www.research-tree.com/companies/canada/oil-gas-e-ps/touchstone-exploration-inc/research/finncap/touchstone-exploration-high-grading-the-portfolio/8_44b008dc-e53f-4b9b-91f4-48fcef109831/970257a7-ef73-41f4-b7e8-af7d73cee395

More of a description, and elaboration on, the deal, e.g. more info on the nature of the licences. No change from December's note on the revenues in 2023, or the target price of 137p

[captainfatcat] 09/1/2023 14:37

Today's news feels like a late Christmas present and on the face of it looks like a win win for all parties.

Seller holding back the share price UK placing stock still clearing most likely.

[soggy] 09/1/2023 13:45

Thanks DB. And Spangle, of course! All good info.

[pro_s2009] 09/1/2023 11:57

Shore Cap comment on todays news (House Broker) - Page 1

[davidblack] 09/1/2023 11:31

Wonder how committed Predator is to Trinidad especially if Morocco comes good?

[homebrewruss] 09/1/2023 10:46

Bid round also closes today and likely to be announced in the next few days.
Is St Mary's on the TXP shopping list?

[pro_s2009] 09/1/2023 10:22

One thing people are missing, imo, is that this allows TXP to move ahead with developing Cascadura and Royston and move gas exploration potentailly over to Rio Clara block - where any discovered gas can be sold at market prices.......

Therefore allowing them to use their exploration budget in Rio Clara until the current deal with the NGC expires for Ortoire, then they can negotiate a better price and get back to drilling for gas in Ortoire.

Also, Rio Clara might have the deep Cretacsous oil.....which Krakken might prove up.

So get your hands on Rio Clara now this year and drill Krakken as soon as the deal is done.

Currently its only an agreement, value will be added once the deal is confirmed later this year imo.