Touchstone Exploration Share Discussion Threads

[11_percent] 28/11/2023 10:43

Must admit......thought it would hold.....but does not look good.
Going under long term support.



free stock charts from uk.advfn.com


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There was a bit of a battle for 50...round number bingo......but now under......there is no support now.



free stock charts from uk.advfn.com



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On the weekly.....we can see the down trend from the "blow-off top"......at 94.5....to 47.75 = 49.47%....call it 50%.



free stock charts from uk.advfn.com



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However......the trend is best seen on the monthly chart.



free stock charts from uk.advfn.com

[kaos3] 28/11/2023 10:27

I am accumulating bellow 50p. Think i ll be rewarded soon.

Txp now is in a position even the current team with their operational efficienties will have less and less impact on. Snowball rolling

[paulhopeful] 28/11/2023 09:57

What’s coming up.. 1/ compressors will be fixed soon, increasing production at cascadura. 2/ free service at coho. 3/ Royston update. 4/ New licenses. 5/ Drilling at cascadura with a more powerful rig, let’s find out what’s at greater depths. 6/ The 5 year plan. 7/ expanding balance sheet. 8/ The Future.. As we move forward, there will be new Discoveries.

[markliddiard] 27/11/2023 22:25

Suspected trolls:Amaretto 03 Mar 2004Pro_S2009 08 Aug 2009Badgateway 25 Oct 2015Ohdearohdear 18 Mar 2016Helpful 06 Jul 2020Herekittikitty 18 Mar 2021Melegramfortongo 09 Sep 2021

[markliddiard] 27/11/2023 21:49

Prolapse!You are trying your best to ignore me, but we both know that you read my messages!Why don't you and your fellow trolls 'Step up' / 'Man up' and confirm on this PANR BB, or if you prefer, then I don't mind spending a bit of time to review your posts, confirm each and every ADVFN BB that you and each of your trolls post on and with the same persistence / tenacity that you / they have shown, repeating ask for your / their position is on PANR and every other stock that you are involved in!! We can start off with ADVFN, and systematically work our way through, repeating the question on an extremely regular frequency!!It really is quite a very simple game to play!I'm sure that there are many, many, many members on this board who will also follow me!The choice is yours!!??GLA LTH'ers!!

[joey1998] 27/11/2023 21:11

Rio drill is speculation and currently cannot happen due to the terrain not being owned. Timescales in that continually missed. As usual. Expect more of the same.
Other drills we don’t know if they’ll have effect on reserves or not.
We do know there’s no drill-to-fill though. That strategy got abandoned after less than eight weeks.
Typically development drilling has zero impact on share price anyway.
So I’d say that it may be interesting in an intellectual sense but completely boring in the financial sense.

[homebrewruss] 27/11/2023 21:05

Should be drilling at Cascadura in early January which if successful will increase reserves at Cascadura and derisk increased production and also lead on to the third drill into Rio Claro. Will also be drilling deeper with the first Cascadura drill to test deeper sheets so I'd say quite an interesting drill coming up.

[joey1998] 27/11/2023 20:45

So maybe some drilling in Q1 or Q2 next year.
That’s all I can see coming up that might have any consequence.
Even then that’s a stretch because it’ll be development drilling.
Discord lot seem unwilling to contemplate action against the company despite the continued mismanagement.
Is the only way to make money here to hope for a company sale?

[pro_s2009] 26/11/2023 02:15

The compressors have to be fixed and we are at 60 per day. If that is not done by mid/late December then heads in Trinidad need to role.

Coho is a free hit as the service company are doing the work at thier cost after their initial one worked then failed.

Royston, I will remain that they have already cracked the code but are dragging their heels until the asset swap is approved. People may not agree, fine. Dont expect any updates until Q1 next year........ I expect only Coho and Casca good news in December, along with the plan.

[herman007] 25/11/2023 19:49

I would expect that the week starting on Dec 18, we might get the following information:

Royston: PB said we might have to wait until the beginning of Jan to get an update, but it seems they already started on the workover. Maybe some info will be shared. Royston originally flowed at 500 B/d, then surprisingly did not flow in the sidetrack where they expected even better flow than in the original well. If they can crack the code and declare Royton highly commercial, it will be a major trigger as it is currently written off by the market.

Coho: Expect them to confirm that the water issue has been solved and that there is some improvement in production volumes.

Cas A: Expect them to have fixed the compressors and taken the wells to 60 mmcf/d. Anything else will be a new scandal in my book.

Asset swap and new licenses: TXP has little or no influence over the progression of these processes, but if this drags into next year it is a great embarrassment for MEEI.The asset swap is what is of most interest to investors at this stage.

[pro_s2009] 24/11/2023 14:26

Under 4 weeks to the next update, will be interesting to see progress at Casca and Coho.

Bottom done and rising now.

[paulhopeful] 24/11/2023 09:23

Markliddiard: unlike some I only have one ADVFN name, real name Paul Faithfull, a passenger ferry operator on the south coast. Only invest long term for the boys ( house deposits ) when they’re twenty one, investing here as I believe TXP has excellent long term potential.

[che7win] 24/11/2023 08:35

Black Friday sale here, the longer you wait, the more you’ll pay!

[che7win] 24/11/2023 08:32

Added first thing this morning, was waiting for the turn, even though I knew it was dirt cheap. Reckon these should be a minimum 100p whilst we wait for ramp up and next news.

So I’ll keep adding, underlying asset in the grounded for Cascadura along must be 150p plus surely over time.

My biggest, biggest worry right now would be a cheap takeover approach.
Value will out, thanks to the sellers for gifting the current price here!

[markliddiard] 24/11/2023 02:50

Paulhopeful!Please introduce yourself!!...everyone can see that you only set up your account on 5th August 2023!For those who don't know PaulHopeless he is a TROLL!!....please just look at their previous posts, and see for yourselves what he is truly like!!I believe this to be another of Pro_S2009 alias accounts! But DYOR!

[11_percent] 23/11/2023 19:39

1domus23 Nov '23 - 17:31 - 36305 of 36306
0 2 0
Does not need a service rig for the wo at Coho.

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ok.....cheers.

[paulhopeful] 23/11/2023 17:53

Looking forward to the drilling program being revealed, all self funded now, the excitement should start to build soon.

[1domus] 23/11/2023 17:31

Does not need a service rig for the wo at Coho.

[11_percent] 23/11/2023 17:20

Discord: plug arrived and fitted next week for coho.

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The post by Domus On Discord.


Yup, time for an update…
The new plug for Coho has arrived to Trin. Probably dealt with next week.
Cascadura wells are still doing exactly as they should. Going steady at 48 till compressors are fixed. They are fixed locally.
Wo at Royston started a couple of days ago.

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As I understand it, we only have 1 service rig.

If......the workover at Royston started a few days ago......will need to wait for that to finish before......before moving the service rig back to Coho for the plug job????

[jungmana] 23/11/2023 16:24

I added a small 15k shares yesterday

[sleveen] 23/11/2023 16:21

Discord: plug arrived and fitted next week for coho AND Royston work started a few days ago.

[hiddendepths] 23/11/2023 15:49

Up? Am I dreaming?

Maybe 50p will be the bottom. No-one can be disappointed any more - expectations are very, very low so it may have reached the point that slightly disappointing news will exceed the consensus and drive the price up!

One can but hope.