Touchstone Exploration Share Discussion Threads

[che7win] 20/12/2023 10:59

I’ve updated post 36520, don’t tend to post here too often these days, happier to go back to lurking.

[ballymoss18] 20/12/2023 10:48

Agreed I took a few too, happy to top up at this level.What they must do is follow the drilling plan for next year and get the production up to the stated level.

[sleveen] 20/12/2023 10:24

I stated 40p and I stand by that.

I don't see 21p.

[eggchaser] 20/12/2023 10:20

Well that's me out - for now until the dust settles!! If 21p is tested I'll be straight back in which 11% highlighted as next level support. Or when this bloody loan is sorted which will undoubtedly be at a discount to the current price assuming it will be funded that way??I don't expect to be the only one!

[11_percent] 20/12/2023 10:16

Where is Thrush anyway.

[maxxy1] 20/12/2023 01:54

At this rate, PROtard's name will be in Guinness book of record in no time

[herman007] 19/12/2023 19:57

Obviously I am not happy with years of deception and misleading communication, but as far as the debt facility is concerned, you have to consider the fact that they guide a net cashflow based on extremely conservative production to be equal to the Capex estimates in 2024. However, they will drill two cas wells, potentially three cas wells back to back if the asset swap is approved the next couple of months. Due to lower than expected production from Cas A, they need to borrow funds for the first part of the drilling campaign. In Q3 and Q4 they should be able to repay some of det debt. If the total Capex including Rio becomes 40 mill USD, that means the debt at the end of the year would increase by less than 10 million. With Cas C online, they do not need further debt to fund the drilling program in 2025.

[kaos3] 19/12/2023 18:40

thinking it over ... all is on auto pilot more or less. production known. current opex known. prices known.

and something happened - they did not provide cash position ... but they need an expanded loan and no exact time table when they can start drilling all those wells

we were waiting 2 months for the cash to accumulate ... that was the point ... so why loan and no account happy happy position given

so cash .... why ... payments not received on the go ... i would guess

but they have to pay it all to the state ... and others /but shareholders/ on the go

this is what i came up with...

pure speculation

[squiresquire] 19/12/2023 18:07

45.7 is no coincidence, look back to 15.06.20.

If it fluffs this spot then 21.3 looks to be next strong support.

Prospects though look to be very good if they get the money... at what price is the real problem in the current market. So MMs trading as price falls but long term, over the next 6 wells the market also has to build in risk as thats a heck of a lot of drilling to pass unscathed by incident. Not knocking the share but realistically the market isnt going to be impressed by anything much until, A they see the 33 million, then B the wells being drilled mishap free.

Backburner till ' advanced discussions ' show how much the new credit line is going to cost.

[ashkv] 19/12/2023 16:03

TXP DATA POINTS

TXP SHARE PRICE: 45.00p
TXP share price vs 52 Week low of 45p on 19 Dec 23: 0.00%
TXP share price vs 52 Week High of 94.5p on 7 Aug 23: -52.38%
Brent: $79.00
Shares Outstanding (From Q3 2023 Update): 234,213,000
Market Cap (GBP): £105,395,850
GBPUSD: 1.27
Market Cap (USD): $133,852,730
Production Average Q3 2023: 3,391
Production Average Nov 2023 including Cascadura: 8,268
2024 Mid-Guidance For Production: 9,400
2024 Year End Exit Production Guidance: 14,500
Net Debt (Q3 2023 Results RNS): $29,919,000
Enterprise Value (USD): $163,771,730
Enterprise Value Per Barrel (USD) Q3 2023 Avg Production: $48,296
Enterprise Value Per Barrel (USD) November Avg Production w/Cascadura: $19,808
Enterprise Value 2024 Mid-Guidance For Production: $17,423
Enterprise Value 2024 Year End Exit Production Guidance: $11,295
2P Reserves (Boe) Year End 2022: 75,100,000
EV/2P: $2.18

[awise355] 19/12/2023 15:35

Looks like no video appearance either.

[11_percent] 19/12/2023 14:11

We had support at 51.5......are now 46.5 (mid).......46.0 bid.

We are on the intra week low of 46.5.......from 3 weeks ago......before the mystery spike.

Lets see if 46 (bid) holds.

[joey1998] 19/12/2023 14:07

hxxps://i.imgflip.com/2/113al2.jpg

[awise355] 19/12/2023 14:01

Any idea if we'll get an interview in the coming hours?

[joey1998] 19/12/2023 13:00

11%, where is the next support level in your opinion?

[11_percent] 19/12/2023 11:38

Down 16% = Downtrend intact.


There goes the long term support.

[kaos3] 19/12/2023 11:22

well, that discord post clears up todays RNS without present cash position report

which i found very strange ... omiting cash balance instead of boasting by zeros on the account

something could be wrong and hidden regarding cash spent/received or not

[11_percent] 19/12/2023 11:16

46.5 on the Bid.

[11_percent] 19/12/2023 11:13

I did not see a date for the Casc C drilling to start....did i miss it.



A post from the Discord.

Everything hinges on debt. Nothing really happening until that is secured. Everything is just talk. So next trigger is debt. No one was expecting that position. We all thought spud was just waiting for Xmas to pass. That's the reality


Is the start of the drilling waiting for the debt to be approved.

[11_percent] 19/12/2023 10:54

Next problem......the PB presentation.

[kaos3] 19/12/2023 10:50

timing is very precise - in accordance with their freqency vawe lengt they operate under - it is in 2024

i like their professional focus

-------------------------------
PS
one can not make satire any more as it is stolen by the real life

[11_percent] 19/12/2023 10:49

homebrewruss19 Dec '23 - 10:22 - 36497 of 36498
0 2 0
Re Casc Deep it seems the compressor was perhaps a bit of a smoke screen. They were probably waiting/hoping for Casc Deep to clean up a bit more to fill the gap to 60mmcf/d but it hasn't so they have now 'owned up' and will look to remedy in another way.

============

homebrewruss has a point.

Casc is not performing as expected......there is a problem which they are not talking about......but are proposing a solution.....that is, all of the additional well bore perforation in the wells......to increase production.

[11_percent] 19/12/2023 10:46

5 YEAR PLAN......ok, where is it.




Any sort of plan....

Although we are confident of reaching agreement, currently there is no firm commitment in place between the parties. Accordingly, the 2024 budget and preliminary guidance may be subject to change, and such changes may be material.

"changes may be material.".......ie, they dont have a plan.


===========

They will drill 2 wells from the Casc C pad.......and assuming they are successful.....they will need to build a well head plant at Casc C pad and the pipeline to Casc A plant. Am i right in saying that TXP pay for that pipeline, as it is an infield pipeline and NGC dont pay for that.

I would have liked some details on the timing of all of this.