Touchstone Exploration Share Discussion Threads

[che7win] 19/12/2023 08:06

Forecast 14.5k boepd by end of next year, another 80% increase from here.Coho work over now successful and 80% reduction in water, so higher margins going forwards.We're moving ahead sustainably from here.

[ashkv] 19/12/2023 07:57

Poor update - Is Cascadura another Coho?

Why is the production for November so low? Is it that the compressor has been repaired and still no improvement - concerned that no clarity on the same???

Royston raise was an epic disaster - dilution for NOTHING!!!

Why is Coho performing so very poorly - costs on the same would seem very uneconomic - and will they be recovered???

TXP turning into TRIN??

Net Debt until 2024!! Wrong sort of wall - wall of Debt not Cash :(

PB is full of hot air!!! Raised expectations ever so high and now the hype has deflated!!!

Hopefully TXP begins to deliver positive surprises rather than dropping doozies!!!

I was waiting for the full year guidance to buy back in... This is going nowhere!!! With fixed price gas, minimal crude production, uncertain reservoirs, net debt for another 12 months, onerous fiscal regime with no shareholder returns forthcoming!!!

Sad story.... Scrooge RNS

[kaos3] 19/12/2023 07:45

imho ... txp will be range trading next year or so.... meaning investor will sit and forget as all but details is seen now for the next 12 months

some will make several 10 per cent gains by being traders on the same stock

hmmm.... what will i do..... i will see..

should i be a wise investor
or a trader

bi dilemma ... 4 x lemma lol

[leoneobull] 19/12/2023 07:31

Wall of cash..£5 by 2022. Source? Pro!!

[dunderheed] 19/12/2023 07:24

Well, well, well.
I'm sure some people will still be talking about skin damage at Rosyton hut it ain't looking too good now.
Hopefully the confirmation bias can take a back seat and people will look at cold hard facts not "Clown" ©️ talk anymore.
Apart from that, this doesn't look too bad but, I am wondering why the Casca production doesn't seem to be coming onstream as initially indicated in previous presentations or have I got that wrong as well?
But still looks a strong business case moving forwards.
As ever all IMHO and DYOR.
Now then where has that wall of cash gone?

[kaos3] 19/12/2023 07:22

not ideal

Royston dud
new planned wells will almost not contribute next year
no clear cut Cascadura asap capacity utilisation improvement
nothing about compressors in explicit ... implicit all is ok
no 5 year plan

some useful data in it ... regarding pricing, expansion /possible/ of perforations on Cascadura, HC mix

that is my take ..... drifting another year along as per usual
--------------------------------------------------------

like before 10 tons were drifting, now 100 tons are drifting ... but all in all still drifting ....

[maxxy1] 19/12/2023 04:12

PROtaaaaaaard the man the myth the legend!

[dunderheed] 15/12/2023 13:47

It's very interesting. A year or so ago effectively Egypt were "forced" to renegotiate their PSC contracts with the industry.
Simplistically what happened was, they agreed to pay more for the profit oil but the o&g companies lost out on some oil recovery pool costs.
What was also interesting as well from an old pugilists hazy memory, was there appeared to be quite a bit of difference between time taken and even some of the agreed changes between agreement between o&g companies. I seem to remember Transglobe (Ceo there now at Capricorn) doing well and PHAR less so, IMHO? Irony being "useless Jann" used to be MD of Capricorn (then Cairn)!
This surprised me, as I thought all agreed changes would be uniformly applied to all relevant agreements but did not "seem" to be the case?
So it appears the same "may" or something similar be going on at T&T.
Really quite exciting times.
As ever all above IMHO and DYOR!!

[kaos3] 15/12/2023 12:40

i did not get who will benefit ... whom he has in mind.... thinking above all about the peoples interest

thank you zho

[zho] 15/12/2023 12:28

Energy minister Stuart Young interviewed a few days ago:

“One of the things - and I mentioned it briefly earlier - that we also negotiated in the whole discussion with the restructuring of Atlantic and that we're negotiating in other PSCs and ENP licenses is a better return for the natural gas, so whereas before on average you may be getting $2 now it's upwards of $8 and stuff because of that basket …”

from 49 minutes

Is he confirming that they are renegotiating gas prices or have I completely misread that?

[markliddiard] 14/12/2023 16:29

MORE LIES POSTED BY PRO_S2009, A POSTER OF CONTINUAL MISINFORMATION.DISREGARD ITS POSTS!n.b. I can confirm that Mike290 is a genuine PANR long term holder, a nice guy, and is just giving Pro and his trolls a taste of their own medicine. These trolls are like a virus, and without resistance / opposition, they will destroy the integrity of all ADVFN boards. GLA LTH'ers!!

[dunderheed] 14/12/2023 09:37

To be clear I wouldn't buy a second hand toy car from them but a nice RNS today from BCE.
I have heard lots of theories regarding Rosyton ST results but do not follow them because simply, if there was issues of skin damage they should have alluded to this possibility at the very least?! Lots of talk about differing hydrostatic pressures but no mention (at all) of any skin damage so I'm just concluding that this is caused by the completion fluids needing removing from well EDIT and this is the only "hope" of producing hcs commercially?
IMHO.

[homebrewruss] 13/12/2023 20:28

Mike who cares?
Everyone on here is effectively anonymous.

Why should we trust you, him or anyone on here?

[ballymoss18] 13/12/2023 20:10

And why should I believe you Mike, have you followed him and lost everything?

[dunderheed] 13/12/2023 11:27

Oh absolutely re "management".
The issue of course is that in reality they require a wholesale change imho which could only really be enacted by TO.
Here's hoping they finally "turn the corner" and all earlier (incompetence) issues are finally "in the rear view mirror", "in all honesty".
Again, all IMHO.

[11_percent] 13/12/2023 11:07

I think they are saying that......only Cascdura gas in the ground......never mind the Casc prod facility.......is worth 120p a share.

The rest for free.

Problem is that there is BIG discount due the management.

[dunderheed] 13/12/2023 10:49

In all honesty if the current production expectations for Casca are correct, this is a very significant discount to asset value / NPV, with some upside for further exploration, IMHO.

[1ajm] 13/12/2023 10:32

How does this company have a $200m market cap?

[mike290] 13/12/2023 09:08

Again, do not trust / rely on anything written by Pro_S2009.

Most of the companies that he or she has ramped recently are now down between 55% and 90%.

Recent examples of his or her dreadful investment failures are Helium One (HE1)and Predator Oil and Gas (PRD). Unfortunately, it seems that TXP may be going the same way.
Therefore, please be careful.

Those who have followed Pro_S2009 activities over the past decade or so consider him or her to be one of the worst investors to ever write on Advfn.

[11_percent] 13/12/2023 09:00

Yup......filled at 51.5......time to buy a few.



free stock charts from uk.advfn.com

[dunderheed] 12/12/2023 16:15

Well there's your "gap" filled Under ©️?