Touchstone Exploration Share Discussion Threads

[sleveen] 27/1/2023 16:23

Star Valley Rig #205 is ready for inspection at Royston-1ST1. We are targeting the intermediate and subthrust sheets of the Herrera Formation, at a total depth of 11,300 feet.

[jungmana] 27/1/2023 16:21

Rig ready for inspection;https://twitter.com/TouchstoneExp/status/1619001725796626432?t=qeQgQ_K5nj83JhmwFp0nAg&s=19

[jungmana] 27/1/2023 16:17

Rig ready for inspection;https://twitter.com/TouchstoneExp/status/1619001725796626432?t=qeQgQ_K5nj83JhmwFp0nAg&s=19

[pro_s2009] 27/1/2023 14:21

Agreed............. I think Malcys target of 150p will be hit in 2023, and maybe surpassed......

[jungmana] 27/1/2023 13:55

After 2 weeks of getting rid of some traders who bought in the 50's, imo we are now ready for the next leg to 100p+ by the time Royston reaches TD.Gla

[redartbmud] 27/1/2023 13:12

Appropriate timing Jung....


red

[jungmana] 27/1/2023 13:10

A reminder; target of 20,000 boepd for 2023 cascadura.

[dunderheed] 27/1/2023 12:07

Don't be silly this company is his "baby" and he walks on air - according to some - got a different DNA than us mortals for applying for all contiguous blocks to our producing assets in the current licensing round, LOL.
Never heard of that strategy at all before!
The asset infrastructure swap looks good business but again blindingly obvious, IMHO.
DYOR of course.

[redartbmud] 27/1/2023 12:02

The game is playing out by the day.
If they come up with reasonably good flows we should be in business.
If they don't there should be severe consequences for PB - the sack.

red

[jungmana] 27/1/2023 11:40

I agree with malcy here : " touchstone could be one of the big stocks this year"From about 14 mins:https://youtu.be/_zrrrIbF2RQI have a conservative target of 150p

[jungmana] 27/1/2023 11:32

I agree with malcy here : " touchstone could be one of the big stocks this year"From about 14 mins:https://youtu.be/_zrrrIbF2RQ

[jungmana] 27/1/2023 10:44

72.35p or higher are buys

[jungmana] 27/1/2023 10:41

13.5k top up for me there. Royston spud news hopefully next week. Work progressing well at Cascadura with 50+ personnel working almost daily there

[wanobi] 27/1/2023 09:36

hopefully, this wedge will break to the upside next week :-) :-),,, here's hoping, Cheers Wan :-)

[sleveen] 27/1/2023 09:32

Buyers are back @72.3p and upwards.

[wanobi] 27/1/2023 09:30

one thing I have identified as being very useful are the EMA crosses,,, but not always,,, however, if you get in on a rising share price on a positive cross over and the share price goes on an extended run (which it often does not!!) you can stay in the trade and hold those shares until the cross reverts, then sell... a lot of chart work has shown me that this can save a lot of downside after a stock has peaked.... TXP chart has an example of what I'm trying to explain,,,


free stock charts from uk.advfn.com

buy on the gold cross,, stay holding until the red cross, then sell :-)

this is very useful as one never knows when to sell, how long to stay in that upward trend, when to take profits,,, not too early, not too late etc etc,,,,, it won't get you in at the bottom or out at the top, but at least week by week you can relax and ride the share price up whilst there's not red cross over :-) :-)

hope this helps :-)

Cheers
Wan :-)

[wanobi] 27/1/2023 08:45

Good morning all, Cheers Wan :-)

fwiw, in my relatively limited experience at this game,,,

buffy, FA first, TA second for sure,, and the best chart pattern in the world can be devastatingly wrong when a very bad or very good rns is released :-),,, but these things do make sense in terms of sentiment, buying and selling patterns and so on,,, all in the past I grant you,,, but, if you consider the description of the falling wedge and then look at the chart it makes sense as to what has been happening,,,,

as for the future, if ones FA says Paul can get the wall of cash sorted and move on to drill many more holes in an area that should contain the prize,,, with no further share dilution, then yes, it makes sense that the chart will break out to the upside eventually :-)

if however, ones FA says he cannot pull it off, there will be rounds and rounds of fund raising coming and the people will keep selling,, then it makes more sense for the chart to break to the downside,,,

the chart is telling us that sentiment amongst buyers & sellers is not so far off a turning point,,, ie there's currently not much upside for buyers or downside for sellers and the wedge gets tighter and tighter,,,

what will trigger the buyers to come in, or the sellers to come in will be some news..... :-) :-)

that's my take on the chart anyhow fwiw :-) :-)

GLA
Cheers
Wan :-)

[che7win] 27/1/2023 08:01

Thanks homebrewruss.

Buffy, I disagree with your last comment and agree with wanobi here. I said a few times over the past month that we need to break 85p. If that had happened, there would have been a break of the downtrend resistance level.
If you ignore the chart, then you don’t see what resistance levels are and what others in the market are thinking.

This is an opportunity to buy if you think 80p level will be broken soon….only a matter of time imho.

Why else would we be falling when oil price is rising and our gas price is fixed if it wasn’t for the chart? I think the chart has halted the rise for now.

By the way, with US gas prices at a 7 year low, ironically we should now be congratulating Paul Baay on the fixed price…..(said tongue in cheek)

[buffythebuffoon] 27/1/2023 07:53

So basically, despite all the nonsense spouted about Rorschach ink marks, sorry, chart patterns, it’s use as a predictor is functionally useless (certainly in small, relatively low volume company shares).

Do you agree wanobi?

Buffy

[wanobi] 26/1/2023 13:20

should say I fully expect it to break out to the upside as the story progresses, hence I'm not going to sell any,,,, just a question of how long before positive news causes that breakout :-) GLA LTH's Cheers Wan :-)

[wanobi] 26/1/2023 13:17

it's just a falling wedge chart formation hbr,,, I've just drawn it and not related it to anything fundamental,,, hopefully it'll break out anytime now and not go a lot further :-),,, I still hold a lot of TXP, so nothing would be better for me than to see this not play out to the full extend of the wedge,,,, but, for those who wish to add at lower prices, you never know :-) Cheers Wan :-)

[homebrewruss] 26/1/2023 13:08

Wan, what news do you think would take it below 50?
Is there also arguably an INVH&S on the chart?

[wanobi] 26/1/2023 13:02

FWIW - The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam...


free stock charts from uk.advfn.com


we shall see, GLA :-)

Cheers
Wan :-)

[miltondad] 26/1/2023 11:48

A9, there have and will always be delays, but this will have Casc in production some time in the next 3-4 months and generating 30-40m cash from that. A 10 fold increase over current revenues. Will the market play with the price over the next 3-4 months and after production, hell yes!

[a9neu] 26/1/2023 11:27

The rat trap... lower you entry price by wasting more money.!