Touchstone Exploration Share Discussion Threads

[kaos3] 13/12/2024 08:39

all this is a very strange business to me.....

they do not have funds for the q1 drilling plans !!!!!!
they do not have funds for the BG assets !!!!!!

a very strange corporate pattern

and now the timelines

1.huge profit warning, or reality check or whatever it is called
2.next day there is presentation as good as has never been to my taste. where the tone was - we are finished - now we focus on the drill bit - knowing very well the BG is coming next day
3. next day the "must have acquisiton" with no money is proposed

it stinks to me as hell

it is well prepared psych op imho - degrading my dignity

i was driven for a patsy by PB once more

they have driven the share price for the new investors down and then faced us with - we must have this situation OR ELSE -you objecting our situation will destroy the progress - but all will be good presentation - you will forget the rope soon

[che7win] 13/12/2024 08:23

No, it's at 23.5 to buy, moving up

[11_percent] 13/12/2024 08:18

Cant be all buys.......bid own 0.5 from a high of 23 to 22.5 ....and ask down 1.00 from a high of 24 to 23.

[dunderheed] 13/12/2024 08:18

Anyway made my comments and only have limited access.
Size doesn't mean everything especially if you don't have a clue about what to do with it!!

[dunderheed] 13/12/2024 08:15

This deal has been "talked about" for a long time..
I never thought the Trin government would approve it and I know I'm a tight bustard but I did hoped if it did we would actually (effectively) get paid for it.
I hope I'm wrong,of course and this is a good deal at this price. All IMHO.

[che7win] 13/12/2024 08:12

They are buys, just bought 8400 and showing as a sell.

[11_percent] 13/12/2024 08:11

LOL.....and the sells come in.

[11_percent] 13/12/2024 08:10

Sp takes off like a scolded cat.

[11_percent] 13/12/2024 08:09

OK....now we need to know......to place or not to place, that is the question.

[dunderheed] 13/12/2024 08:08

Cheggers it absolutely isn't yet!
I dont know anywhere enough about it but normally "BG" would pay to get off their books but let's wait and see what 1p / 2p comes with deal and as i say above abandonment provisions provided. IMHO.

[11_percent] 13/12/2024 08:07

OK, cheers.

[dunderheed] 13/12/2024 08:05

Well.no 11% 38670, but that is normal t and c for such "old" kit.
Obviously, this would be covered by government approval.
I know the BD team at TXP indicated massive inexperience in the TRIN debacle but, big standard "stuff" like this will naturally be sorted with majority of (cost) responsibility resting with "BG", Abandoning and "putting back "as found"" facilities like this is jncredibly expensive.
All IMHO.

[che7win] 13/12/2024 07:59

Dunder, You need to go rewrite your management comparison pice.This is what credible management do, a stunning deal today.The current price is ridiculous, this deal and with NO EQUITY DILUTION is a stunner!Access to LNG prices, they commented on Coho currently going to LNG facility.....that will now uplift 3 fold if my thinking is right as a start.

[11_percent] 13/12/2024 07:56

2. We inherit the abandonment provisions already made set aside by "BG".

=====
Dnder, do we actually know this???

[dunderheed] 13/12/2024 07:54

S93 (et al) we don't know enough detail yet.
1. Assuming no or very small equity raise and
2. We inherit the abandonment provisions already made set aside by "BG".

[11_percent] 13/12/2024 07:53

Better deal than the TRIN one......go for it.

PB determined to empire build.

[spangle93] 13/12/2024 07:50

Sleveen - you're right, this proposed deal has far more synergy with existing operations and acreage, and opportunity for TXP than the TRIN one did.

I don't think it's a bargain, but it has a lot of merit



Maybe we'll also get a couple of new board members - after all, 9 people probably isn't enough if the company is expanding ;-)

[dunderheed] 13/12/2024 07:43

I am.not certain on this.
I personally think they already have far too much on their plate but hopefully this will bring in some decent staff (at last!) and the market will not agree with me!!
Either way it could be a fantastic opportunity turnaround for share price and I'd 100% love to be wrong!!
EDIT, ASH. this was assuming NO equity raise or maximum 10% (?!) and any more of course in which case at this price I'd be livid!!

[ashkv] 13/12/2024 07:42

If bank funding had been secured - notice of deal and bank funding would have been simultaneous!!!

This is a pump for an equity raise dump :)

[ashkv] 13/12/2024 07:40

Pump and then equity raise dump :)

I will buy if and when the dust settles and I evaluate TXP is underpriced / otherwise good for a trade :)

[ashkv] 13/12/2024 07:39

Equity Raise almost a shoo-in - next to no chance bank funds 100% of acquisition.

Also hazy details / as to if gas produced is fixed price/ what price /how much gas available for LNG / infill drilling :) etc

Be wary of TXP!!! Bag of TXP tropes unleashed in this latest RNS :)

The last presentation was clearly a road show for another equity raise!!!

You have been informed!!!

[sleveen] 13/12/2024 07:27

Unlike the Trinity acquisition, this is one I want to complete.

[sirmark] 13/12/2024 07:19

Banging Acquisition, the share price is just ridiculously undervalued.

[che7win] 12/12/2024 22:08

If you like the last article, you'll like this morehTtps://www.offshore-energy.biz/local-player-ships-first-cargoes-after-upping-stake-in-trinidads-lng-terminal/

[che7win] 12/12/2024 21:59

LNG exports soaring amidst gas shortage, ties in with everything the company has publicised this week:LNG exports from Trinidad and Tobago rise 23% in NovemberhtTps://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/121024-lng-exports-from-trinidad-and-tobago-rise-23-in-november"The November exports were shipped on 12 cargoes, up from 10 the previous month, marking the largest number of cargoes exported since July.Last paragraph:"Despite being the second-largest LNG exporter in the Americas after the US, Trinidad and Tobago has faced challenges in natural gas production due to a lack of upstream investment and issues with existing projects. Platts, part of Commodity Insights, assessed the DES Northwest Europe Marker for October at $13.851/MMBtu on Dec. 10, up 11 cents on the day."