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TXP Touchstone Exploration Inc

49.00
-2.00 (-3.92%)
27 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Touchstone Exploration Inc LSE:TXP London Ordinary Share CA89156L1085 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -3.92% 49.00 48.00 50.00 51.00 49.00 51.00 204,340 13:08:48
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 28.35M -3.2M -0.0136 -63.24 201.42M
Touchstone Exploration Inc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TXP. The last closing price for Touchstone Exploration was 51p. Over the last year, Touchstone Exploration shares have traded in a share price range of 40.50p to 94.50p.

Touchstone Exploration currently has 234,212,726 shares in issue. The market capitalisation of Touchstone Exploration is £201.42 million. Touchstone Exploration has a price to earnings ratio (PE ratio) of -63.24.

Touchstone Exploration Share Discussion Threads

Showing 35501 to 35523 of 39300 messages
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DateSubjectAuthorDiscuss
14/1/2023
00:43
Ultimately the market never understood Royston, what Paul says is correct.

Now they know where the high water zones are they know where to perforate and isolate and they should be able to get over 1000bopd from this sidetrack, provided no downhole issues.

That in itself will excite the market, however here we will also get a look at the sub-thrust for the 1st time.

If the sub-thrust has oil.....this will bode very very well for the future.

Oil in the sub-thrust will also derisk Krakken, the deeper Cretaceous monster to be drilled early in 2024.

By May/June TXP could easily be back to previous highs....... as the cash flow jumps with Cascadura coming on line, with a successful Rosyton and with new licenses awarded.

They will literally be non-stop drilling for the next 10 years, with production and exploration wells and we "might" have a dividend commencing sometime in 2024 as the cash becomes too much to spend on drilling alone.

pro_s2009
14/1/2023
00:32
Canada mid price at close was 1.95 CAD = 79p

So up we go again in London on Monday :)

pro_s2009
13/1/2023
21:49
There are two different parts to this scenario.

The minor play is the chatter surrounding the recent placing. This may continue for a while, until some less committed positions unwind. There will be a section of the holders who are in for the short term bounce on the back of positive news. At some point these sellers will be exhausted, as they are taken out by purchasers who believe that the share price has further to run on the back of a raft of positive news on drilling results and the establishment of a steady and increasing production stream.

The bigger play is the increasing flow of O&G and the resultant swelling cashflow that establishes a financially stable growing business.
It will be interesting to see how quickly this scenario plays out. It is a big job for a small, currently, oil exploration operation in transition.
The trajectory will not be straightforward and we have a CEO with a penchant for putting his foot in it, when it would be easier to just put one foot in front of the other.

We do appear to finally be on the cusp of success. The end game is playing.
Not too long to wait.

red

redartbmud
13/1/2023
21:07
Looks like it finished over 9% up at 79p equivalent. On good volume as well.
johnoxxx
13/1/2023
20:04
By March it will be hot round here. Although I still think first gas May for Cas.
stockport loser
13/1/2023
19:47
C7 it sure is. Up 7.6% = 77.5p a nice start to the year plus lots of headroom.
holdbucket
13/1/2023
17:22
Canada frisky again
che7win
13/1/2023
17:18
I'm actually rather excited that we're going to be drilling again shortly!

The company has convinced me that the acreage is a chocolate box of goodies. We need to open some new chocs and take a nibble on others, like Royston, to find out if they're any good inside!

hiddendepths
13/1/2023
17:12
They also later go on to say this about the intermediate test:

"The interval was subsequently flowed up 3.5-inch tubing on a variety of choke sizes between 16/64 inches and 40/64 inches at rates up to 550 bbls/d. The recovered oil was light, sweet crude with an average 33-degree API (corrected to 60-degree Fahrenheit) with sampling throughout flow testing indicating an average 94% oil cut with some solution gas present but not measured."

And:

While we worked to suspend the initial production test to move uphole for the second test, the well continued to flow significant volumes of crude oil at high pressure from the intermediate sheet, and heavy weight mud was required to control the well before proceeding."

Whether that increase from 360 bbls/d to 550 bbls/d came whilst trying to shut the well in is unclear - perhaps open to interpretation?

king suarez
13/1/2023
17:02
Chrysalis, the sidetrack is all about the Intermediate and possibly a peek at the subthrust.
Re the intermediate:
'The first and deepest Royston-1 completion and exploration test was designed to evaluate an interval at the bottom of the well in the intermediate sheet of the Herrera Formation. The completion spanned a 92-foot gross interval (30 feet of net pay) below 10,434 feet that was identified on wireline logs as being hydrocarbon bearing. Following completion and a brief clean-up period to recover load fluid, the well was shut in and built to a pressure of 3,150 psi at surface (estimated 7,100 psi reservoir pressure). The interval was then flowed up 3.5-inch tubing on a variety of choke sizes between 16/64 inches and 40/64 inches at rates up to 360 bbls/d of 34.5-degree API crude oil before being shut-in'

homebrewruss
13/1/2023
15:54
Am I right in recalling that the Royston well produced c675 bopd excluding the subthrust? Presumably TXP know very little about the potential results for subthrust once at this stage.
chrysalis99
13/1/2023
13:40
ashkc

Have you missed the prox xxctive video 12/01/23, it's in the header.

sleveen
13/1/2023
13:24
My thoughts exactly
sirmark
13/1/2023
11:42
Down to 52p post a dilutive placing when we were promised no more dilution and up 42% in a week on no news.... unbelievable!!!

Drop seems engineered to pick-up cheap shares in equity raise :(

ashkv
13/1/2023
08:26
Buffy, that was well observed but perhaps he presents himself more like Frank Bough did with all the expenditiure below the desk so to speak!!!
Nice jump this morning to catch Canada.

holdbucket
13/1/2023
08:17
"sleveen12 Jan '23 - 08:11 - 34200 of 34228

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"


Turns out it was the prox xctive video, not an RNS.

sleveen
13/1/2023
08:15
Chart resistance at 85p in my amateur view, we break that we break the long term downtrend.
che7win
13/1/2023
08:05
Going back to £1+
sirmark
13/1/2023
00:53
Canada up well.... Should see well over 70p in London today.


Canada mid price at close was 1.2 CAD = 73p

pro_s2009
12/1/2023
21:42
Bear market rally in this POS.

You will all end up poor like Pro . Lol

specialistwasagypsey
12/1/2023
21:00
Yep 73p equivalent there
jungmana
12/1/2023
20:58
Check Canada out
che7win
12/1/2023
20:30
A proper LOL there Buffy. Thanks!
joey1998
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