Touchstone Exploration Share Discussion Threads

[johnoxxx] 21/3/2024 14:06

“Dodgy guy dodgy company” then why are you here? Are you here to save all the current shareholders?
If you’d done any research you’d know that perforations were ongoing at Cas deep and also it was scheduled for Cas st1 to have the choke changed. We don’t know the results of these yet so we cannot comment if good or bad. However it would provide explanation to the February figures that could be largely skewed from just a few days of the wells being shut in - when it’s such a short period of time.
No mention of Cas 2 from yourself? Or the ~ 150% increase in production YOY or the cash flow increase, or the debt figure reduced as of EOY 2023. Try give a balanced view. Cas 3 results shouldn’t be too far away let’s see what they bring. And if any mention of Cas 4 based on these!

[ashkv] 21/3/2024 13:58

Why the massive decrease in Cascadura production in February 2024?

JAM Tomorrow!!! Production Increase H2 2024 / End 2024.....

I am very concerned that Cascadura is another Coho :( Coho continues to decline steeply and now well below 500 boe/d as per Feb 24 production numbers.

Did TXP provide January 2024 production figures?

Paul Baay has not LEARNED - OPENESS INCLUDING ADVERSE DEVELOPMENTS SHOULD BE BROADCAST TO INVESTORS!!!

DODGY GUY DODGY COMPANY!!! FULL OF GAS!!!

TXP SHARE PRICE: 47.50p
TXP share price vs 52 Week low of 40.5p on 6 Feb 24: 17.28%
TXP share price vs 52 Week High of 94.5p on 7 Aug 23: -49.74%
Brent: $85.70
Shares Outstanding (From FY 2023 Update): 234,213,000
Market Cap (GBP): £111,251,175
GBPUSD: 1.27
Market Cap (USD): $141,288,992
Production Average Q4 2023: 8,504
Production Average February 2024: 7,081
2024 Mid-Guidance For Production: 9,400
2024 Year End Exit Production Guidance: 14,500
Net Debt (FY 2023 Results RNS): $22,581,000
Enterprise Value (USD): $163,869,992
Enterprise Value Per Barrel (USD) Q4 2023 Avg Production: $19,270
Enterprise Value Per Barrel (USD) Avg Production Feb 24: $23,142
Enterprise Value 2024 Mid-Guidance For Production: $17,433
Enterprise Value 2024 Year End Exit Production Guidance: $11,301
2P Reserves (Boe) Year End 2023: 67,379,000
EV/2P: $2.43

[herman007] 21/3/2024 13:31

He clearly is trying to avoid speaking about the result of the perfs, but ignoring a problem does not make it go away. It is sad how he destroys shareholder value almost every time he holds a presentation. What I do appreciate is that he is not making a lot of promises he obviously cant keep.

[11_percent] 21/3/2024 12:50

Yup.....Mind the gap.

Starting to fill.


free stock charts from uk.advfn.com

[kaos3] 21/3/2024 10:53

would buy some more if he did not say - best sands... meaning he is unable to learn and change as a person ... we will have to live with the fact of more of the same

[eggchaser] 21/3/2024 10:48

In the meantime there is that gap that needs to close....

[eggchaser] 21/3/2024 10:47

Dunder. Please excuse my post as you will deduce from the content that I am a novice when it comes to drilling soil but proficient at drilling other materials shall we say! Anyway, my point is this - could it be that Cass1 has become the troublesome child the first born, where Cass2 is the more refined child having learned lessons from the first?In the proactive interview, I'm sure PB makes reference that Cass1 will go beyond expectation but I totally understand that we are not really aware of the detail around the delays, but I'm just thinking that maybe what I've suggested is a possibility?? This would explain the financial arrangements to push forwards other projects whilst Cass1 learns some manners?!!Thoughts??Answers on a post card....!

[dunderheed] 21/3/2024 10:22

Red, I (and I think the market) just want clarification on the perfs.
I understand maybe they are not in line with rumoured start dates etc but surely they could just give a brief summary on when started, programme and expected ex flush rates would be available, as simply Cas 1 is not producing in line with expectations.
Because if not, the market is just going to perceive this is another Clown strategy to kick the can down the road until some other news can hide it?
To be clear, I personally don't want to hear any blah about how big untested wells are, until Cas 1 comes in at the original profiles "promised" before, or else, why am I or anyone else going to believe about the new wells potential "producibility" until they have been up and running for some time? Excluding positive bias confirmation club of course.
I cannae get that "gladiators" song out of me head now either!!
Best of luck to all and as ever all IMHO.

[redartbmud] 21/3/2024 08:38

Dunder

Don't confuse excited with an excess of wind.

red

[dunderheed] 21/3/2024 08:31

Here we go.
Cas 2 is the new Cas 1 except of course Cas 1 has never once performed as bullishly promised? Oooppps.
They need to add a theme tune, "entry of the gladiators" to these video thingummies.
I hasten to add I am mildly positive.
IMHO.

[homebrewruss] 21/3/2024 08:17

Proactive interview out

[dunderheed] 21/3/2024 07:59

Lol. It's very simple to break out Feb profiles based upon daily production data, Why did they not do that in RNS? The confirmation bias ultras will just state this is based upon down days due to blah blah blah but still it is very easy to state in RNS to alleviate obvious concerns so why not?
Me, I'm personally happy with this situation having increased my holdings by circa 200k free and still got some money allocated from selling at higher prices. All IMHO.
You can take a horse to water.

[sirmark] 21/3/2024 07:46

Absolutely perfect ? Cracking results on all fronts ....

[holdbucket] 21/3/2024 07:20

Touchstone - ANNUAL 2023 FINANCIAL AND OPERATING RESULTS are out.

[homebrewruss] 19/3/2024 22:43

Should probably get Q4 results on Monday 25th perhaps including info on Perfs to date at Cas Deep.
Cas 3 TD maybe comes just after Easter and may also be news on what comes after Cas 3.

[spangle93] 19/3/2024 22:19

Exciting times...

[redartbmud] 07/3/2024 18:20

Sorry fat finger PB.

red

[johnoxxx] 07/3/2024 12:43

Who’s BP red?

[redartbmud] 07/3/2024 10:52

You could always put PB into the gap. He is always putting his foot where his mouth is.


red

[redartbmud] 06/3/2024 12:25

10p

Without PB 20p

red

[eggchaser] 06/3/2024 12:23

I think this also demonstrates that the big boys are always sniffing around the minnows... I wonder what our price would be to any admirers....?

[sleveen] 06/3/2024 11:36

russ, most likely.

Thanks for sharing.

[homebrewruss] 06/3/2024 09:01

Good news for CEG today, cash is coming their way.
Will this be the missing link in getting the Trinidad onshore bid round completed?