Touchstone Exploration Share Discussion Threads

[leoneobull] 15/5/2024 13:33

Anybodies frustrated with txp should take a look at dec. Next dividend due shortly

[sirmark] 15/5/2024 10:32

Selling over and now moving back up as Level 2 3 v 1 so should be back to 37p in short succession.

[sleveen] 15/5/2024 10:25

...and another

"Yes I reinvested at the start of 2023 just before the Royston sidetrack hoping for the upside of Royston but covered by Cascadura production at previously hoped for rates. "

..and we've all bought that t-shirt too.

[sleveen] 15/5/2024 10:22

Those personal reasons were to reduce his risk exposure to TXP and

"I originally made an investment assuming that Coho would perform better than it did, I then further invested in the belief that Royston would be successful and I then further invested in the belief that Cascadura would perform to expectation and could be fixed quickly. None of those assumptions/beliefs have been rewarded. So I decided to admit my errors in judgment and reduce my exposure."


We've all thought something similar I'm sure.

[sirmark] 15/5/2024 10:07

£25k's sells was a single seller on the Discord sold (some) for personal reasons... he's sales creates a great buying opportunity.

[red squirrel] 15/5/2024 09:47

Possible close out of an s/b client who is unable to cover margin. Latterly IG were not taking further positions but Spreadex did have some.

[sirmark] 15/5/2024 09:38

£25k seller clearing out regardless !

[sirmark] 15/5/2024 09:29

Someone clearly just liquidating their holding and moving on.... such a shame ... 3 year lows

[sleveen] 15/5/2024 09:22

It's going to get cheaper, the decline rates are shocking.

I doubt the upgrade to 140MM/d is necessary let alone the 200MM/d.

[sirmark] 15/5/2024 09:20

This looks so cheap now, it must now be one of the screaming buys on the AIM. There's currently the PB discount and TRIN acquisition at play but with hook up coming and you can finally see the wall of cash this now have to be the most disproportionate time in TXP's history.

Were only 6 weeks away from the start Q3.

[ashkv] 14/5/2024 15:54

As I foresaw and forewarned!!! May the force be with TXP share holders!!!

[sleveen] 14/5/2024 13:37

"Fair to say that the decline rates aren’t terminal?"

Let's hope not.

100-150 for the Cora wells.

[holdandhope] 14/5/2024 13:35

100-150 bopd each from the new Coora wells I think is the expectation. With slower decline rates than Casca wells!

[awise355] 14/5/2024 12:36

What do we think is a reasonable expectation of production from the 2 Cora wells? Does anyone have knowledge of that field/well results?

[kaos3] 14/5/2024 12:11

central us gas wells have been declining over 5 decades and are still producing ...

natural fractures i learned the hard way at hur. very artistic, low deterministic

[awise355] 14/5/2024 12:02

Fair points. Fair to say that the decline rates aren't terminal?

[sleveen] 14/5/2024 11:15

awise "Coho has flattened out quite nicely now."

Has it though?

Mid Oct 22: 8.4MM/d, to 3.7 a year later and 6 mths later (April 24) 2.6MM NET, a 30% decline

So in a further 6 months a further 30% decline so Oct 24 is 1.8MM/d?

We weren't told that Coho had the porosity/permeability structure, but I'm thinking that it does.

IF Casca 1/CD are similar we are looking at 16MM/day NET after 1 year, using Coho1 as a template.

[awise355] 14/5/2024 10:43

Coho has flattened out quite nicely now, considering it's getting on for 2 years of production

[sleveen] 14/5/2024 10:40

I don't think so.

Q4 prod'n C1 67%, CD 25%, Coho 8% total prod'n 40.5MM/d NET

Q1 prod'n C1 73%, CD 19%, Coho 8% total prod'n 33.6MM/d NET


C1 has declined 2MM/d and CD 3.5MM/d

April's C1 & CD prod'n is 25.4MM/d implies potential(assuming similar continued decline) for Q2 of perhaps 20MM/d.

It took Coho1 12 months to decline from 8.4MM.d to around 3MM/d, if similar at cas that implies a decline of 2/3rds or 13MM/d by October 24. This assumes the geologies are similar.

[che7win] 14/5/2024 09:54

Sleveen, Helpful insight. Could CD decline affect C1, isn't there an interdependency on flow rates into the plant?

[sleveen] 14/5/2024 09:47

Lets hope the stimulation program will have better than "modest/limited" success.

Given perfs disappointment I doubt it.

Let's hope cash is going to be wasted like it was on the perfs. FFS.

[ballymoss18] 14/5/2024 09:38

It took me a while to warm to you 11pc but I actually agree with most of your posts now.Especially the latest lol.

[sleveen] 14/5/2024 09:22

From rough calcs

Q4 cas1 flowed @ 27MM/d, CD @10MM/d

Q1 C1..........@ 25MM/d , CD @ 6.5MM/d.

So CD is the problem.

[retsius] 14/5/2024 09:21

This a high risk exploration company.

Not Greggs.

Please feel free to f##k off and stop moaning.
R.

[kaos3] 14/5/2024 09:20

yes - as simple as that