Touchstone Exploration Share Discussion Threads

[sleveen] 09/12/2024 07:50

kaos3 Only 4 wells in 2025.

Cas 3 at B pad is postponed to Q1 2025.

[awise355] 09/12/2024 07:48

Agree with all you said but 4 wells not 6

[ashkv] 09/12/2024 07:36

Also given dire performance of Cascadura and Coho production - it will be highly likely that Year End 2024 CPR report will be drastically lower than YE 2023 estimates...

DYOR

Good luck!!!

[awise355] 09/12/2024 07:34

At least the oil is still flowing from the latest well

[ashkv] 09/12/2024 07:33

Wow disappointing guidance for 2025 - no growth from End 2024 production "if all goes well" and guidance met!!! Which is also conditional on an increase in bank lending of $10mn to meet Capex budget for 4 Cascadura wells!!!

If bank lending is not increased than certainly a further $10mn equity raise / dilution will transpire to fund the Capex budget.

Wall of debt to end 2025 "if all goes well" - so much for "wall of cash" as CEO PB conveyed... so much for his credibility.... he has to go!!!

Sell this hopeless share and move into other undervalued / growth oilers on AIM - if you desire to stick with this overall morose sector of the sad LSE market...




TXP SHARE PRICE-> 28.50p
TXP share price vs 52 Week low of 27.5p on 5 Dec 24-> 3.64%
TXP share price vs 52 Week High of 56p on 18 Dec 23-> 96.49%
Brent-> $71.50
Shares Outstanding (From Q3 2024 Results RNS)-> 236,382,000
Market Cap (GBP)-> £67,368,870
GBPUSD-> 1.2725
Market Cap (USD)-> $85,726,887
Mid-Production Guidance for 2025 -> 7,000
Production Average Nov 2024-> 6,924
Production Average Q3 2024-> 5,211
Production Average Q2 2024-> 5,432
Production Average Q1 2024-> 7,015
Production Average Q4 2023-> 8,504
2024 Re-Revised Mid-Guidance For Production (5600 to 6200 boe/d)-> 5,900
Guided YE 2024 Net Debt (Q3 2024 Results RNS)-> $32,000,000
Enterprise Value or EV (USD)-> $117,726,887
EV / Per Barrel 2025 Production Mid-Guidance -> $16,818
EV/ / Per Barrel (USD) Nov 2024 Average Production -> $17,003
EV / Per Barrel (USD) Q3 2024 Avg Production-> $21,673
EV / Per Barrel 2024 Production Mid-Guidance-> $19,954
2P Reserves (Boe) Year End 2023-> 67,379,000
EV/2P-> $1.75

[spangle93] 09/12/2024 07:31

"Preliminary Guidance" (not Forecast) for 2025



Couldn't have come at a better time, as last night I finished the novel I was reading ;-)

Canaccord has issued a note, but I can't afford premium access to Research Tree

[spangle93] 05/12/2024 21:00

Oh, well, 100% nailed on then.

[che7win] 05/12/2024 16:31

yes, mentioned on discord

[john henry] 05/12/2024 16:26

che7win is that info from a reliable source

[che7win] 05/12/2024 16:20

The rig is on the move next week after a bit of rainfall.

[king suarez] 05/12/2024 16:19

Well done, I think/hope..

[che7win] 05/12/2024 16:16

KS, Yes, how true. I topped up at 27.95p, thanks Mr Market

[king suarez] 05/12/2024 15:42

Clearly today's news of an upcoming investor presentation definitely warranted at least a 7% drop in the share price. Disastrous news, obviously.

[dunderheed] 05/12/2024 15:24

Wow these are getting better "value" every day now!!

[ballymoss18] 04/12/2024 08:00

Touchstone board Xmas party last night.Beef Insalata, Pan seared salmon, Beef Sirloin be expensive with such a large board.

[redartbmud] 03/12/2024 13:08

I might reignite my interest at c £1.31

red

[sirmark] 03/12/2024 12:14

Offer prices are increasing ... getting more expensive to buy now 30.90p soon we'll be hitting the MM's 31's and will be interesting to see how many stay the course before moving out of range without getting hit. (as I suspect)

[dunderheed] 03/12/2024 11:41

38536 ticked up, you know I'm only teasing matey!
Re Pro he did seem to be under so much stress - whilst posting under that pseudonym anyway?!
I did suggest to them a couple of times, to disappear for a little while and come back anew (with better credibility ie none versus negative!) so thought they may have been following those words?!
C'est la vie.

[sirmark] 03/12/2024 11:37

That's a shame about Pro if true ... RIP !

[dunderheed] 03/12/2024 11:30

EC 38519, ticked up.
My original post true though!