Touchstone Exploration Share Discussion Threads

[che7win] 14/2/2024 09:36

Gas price on Henry hub doesn't matter in short term as we're fixed price.

The oil prise has risen strongly however (10% increase from December) and that does matter for us.
I'd say we're in the sweet spot right now on oil pricing and avoiding SPT, so month on month our revenue will be increasing, both from gas and oil revenue.

[not guilty] 14/2/2024 09:11

Id say natty at $1.67 on the Henry isn't helping. I know we get a fixed price but it's a sector wide drag. Gap fills at 46

[eggchaser] 14/2/2024 08:27

46p to 49p by the looks of his chart??

[awise355] 14/2/2024 06:31

What's the gap at

[11_percent] 13/2/2024 21:44

That gap is going to fill....then its time to buy a few more.




free stock charts from uk.advfn.com

[ballymoss18] 12/2/2024 14:55

7000 feet it's a very big well.

[11_percent] 12/2/2024 12:20

Oh dear......he is at it again......new big well......and has not even been flow tested......its a shame.....he just cant help himself.

[eggchaser] 12/2/2024 12:06

Well I'm strapped in for the ride.... Last time I said that was at Blackpool pleasure beach... Having watched the clip - PB sounds less speculative and more measured.. but then I've not been here as long as others...

[sleveen] 12/2/2024 10:01

The "Boom".

[zho] 12/2/2024 09:56

>>Some nice positive new snippets of news in there>>

"In our big well (i.e. Cas 1) - which may not be our biggest well after the one we've just drilled (Cas 2) ..."

Paul falling prey to over enthusiasm again?

[sleveen] 12/2/2024 09:55

Check out what PB says at 3 mins onwards. Boom.

[sleveen] 12/2/2024 09:50

All recent podcasts/presentations added to header info.

[awise355] 12/2/2024 09:45

Some nice positive new snippets of news in there

[homebrewruss] 12/2/2024 09:32

Latest interview with PB

[dunderheed] 12/2/2024 09:14

I'm not going to get into waste of time arguments on free bbs che but (do have some limited spare time now and) if you look over the years at some of the ridiculous share price predictions constantly made and revised (next year Rodders) I'd say there must be quite a few people surprised at share price now but just my opinion.
A lot of other stuff has gone under the bridge to lead TXP to current valuation (downtrend set a couple of years ago in reality) as well as market conditions and I think a lot of lessons could be learnt here, especially in areas of continual positive bias.
This then affects people who may have over leveraged and hopefully that lesson will be learnt?! Often what people post on free bbs is in conflict with their private messages and opinions I can assure you but i have been pretty consistent with both, I'd say!!
I do personally think though, we are finally about to turn a corner and as stated I wait to buy more soon?
All IMHO and best of luck all.

[che7win] 12/2/2024 08:44

I'm not wondering why the share price isn't higher, the market doesn't know the transformation here.Existing shareholders get first dibs on cheap shares.As results come out, the wider market will get the insights.The other reason is that Canadian resource stocks have been decimated these past 18 months. Just look at I3E or TRIN, both down 2/3rds.Even outperforming stocks such as AXL are at best in a holding pattern.We will continue to rise from here, the news is so positive that the market cannot ignore.

[dunderheed] 12/2/2024 08:24

Absolutely agree EDIT re Fk'ed up and, I was being ironic about setting a milestone about when I may purchase more shares!
I just think many people are wondering why the share price isn't higher and I feel this is certainly one of the (self inflicted) reasons, not about whether or not people post on free bbs and/or recommend to friends, unless of course their friends happen to control decisions in IIs!!
I personally have much confidence in this asset and it has always been my primary reason for investing here.
All IMHO of course.

[sleveen] 12/2/2024 08:14

From the RNS:

"Completed the first stage of additional perforations at Cascadura Deep-1 where we are currently monitoring initial increased pressure and production rates"

Doesn't read like the perfs have been fkd up.

I'm assuming PB is avoiding providing initial flush production rates and in the next 2-3 weeks we'll know whether the increased production is sustained (hopefully).

[dunderheed] 12/2/2024 07:51

Steven, thanks very much for taking time to check and reply, much appreciated.
I'll wait and prefer to see RNS confirmation on this issue, though!
Here's hoping it is as positive as everyone thinks it will be and in theory there is no reason why not?
I also fully support small incremental attempts which may take longer but are "safer".
All IMHO.

[sleveen] 12/2/2024 07:25

Dh

See 2.20 mins

[dunderheed] 11/2/2024 20:21

Hi S, I was talking about the ongoing perfs in current productions well(s). If they don't produce then "market" is naturally going to be nervous about the even less "proven", recent well results and that was why I personally thought "market" hadn't given as much uplift for all the fine words of recent RNS? IMHO.

[spangle93] 11/2/2024 18:33

Cue balls-up perfs RNS on Monday

I can guarantee that if they aren't perforating until 3Q, you won't get a balls-up perf RNS on Monday.

They could always balls up the casing running by tomorrow, especially as the well pressure was not as envisaged pre-drill. So it will be good to hear - officially or unofficially - that casing has been run to TD and successfully cemented in place to secure the well. One more risk would be removed.

[dunderheed] 11/2/2024 14:32

Under, 36853,good post. For me the elephant in the room is waiting for current perf. results, as is obviously the market because, until these come in, we can have as much "stopping well because of various reasons" but with (self seeded, IMHO) doubts about current production not being as good as "initially promised" this will remain a concern until then. I personally think it is very important news and maybe will coincide with the surface choke issues being sorted?
I could go on about various logging and seismic techniques (post wells) which may or may not add value and assume these have not been used due to budget reasons in the past and wonder now, if indeed they will be, to potentially aid reservoir design management.
I think the positive bias confirmation club are hoping that by posting more on the traditional BBs like this, will entice more investors - which it may attract a few punters (great - more potential volatility) - but not the all important II's (because in conflict with certain posters over there (important) analysts and II's don't take too much notice of Shares presentations or PI's on free BBs, IMHO!). It will be II's taking material positions which would hopefully bring some real price increases and more importantly, stability. It is that simple really and let's see if Clown can create that required confidence and trust.
I personally was pretty happy with the RNS and fully take onboard S93's, as ever, excellent comments but think (and hope) this is the start of turning Casca into the asset we had all hoped it would be, (Min?!) 1 TCF recoverable).
Everything else is just noise and err 3D chess, lol!
As soon as we get (positive) perfs confirmation I may well buy some more.

Cue balls-up perfs RNS on Monday to push share price down further and even more decline pattern!!
As ever all IMHO and DYOR!

[a9neu] 09/2/2024 12:56

That's a few crimes in that sentence

[paulhopeful] 09/2/2024 11:52

Drilling of the well was suspended, to preserve the (substantial) pay section observed in the well, after high pressure gas zones were encountered. Think it’s good the company has commenced clearing the road, and organising a flow line network.. more than one. Things appear to be finally moving at speed.