Touchstone Exploration Share Discussion Threads

[ileeman] 08/1/2019 07:57

Wouldnt call it ramping maybe a couple posts a week.

Yes you are correct bought around 20p and late teens but bought more lower, nothing has changed fundamentally apart from oil price I am bullish oil price longer term so was happy to average down.

[ileeman] 07/1/2019 12:34

More wells coming online any day now should bring us comfortably over a stable 2000bopd.

Great strength on oil I am glad I picked up a bunch of shares between 10.5p-13p...I dont expect oil to continue straight up but do expect it to uptrend higher over the next 6 months.

[awise355] 07/1/2019 12:19

What do you estimate current production, hopefully should be a couple of hundred barrels over 2k which should give us some upward momentum

[lauders] 07/1/2019 11:05

We should see an opertaional update by mid-week next week at the latest if last year was anything to go by. Thought we might have had something by now but can't be much longer.

[mount teide] 05/1/2019 12:03

OPEC To Cut More Than Expected - OilPrice.com

'OPEC’s January production is likely to come in lower than anticipated, a former Saudi Aramco executive said in a statement to CNBC.

The oil cartel agreed last month to shave 800,000 barrels per day off its October production levels, with its non-OPEC allies agreeing to cut 400,000 barrels per day, for a combined 1.2 million barrels per day. But Sadad al Husseini, former executive vice president of Saudi Aramco, told CNBC that OPEC is likely to cut in January about 1 million barrels per day off its October production levels, adding that it is possible that the cartel could cut as much as 1.2 million bpd — that’s in addition to its allies who promised to cut 400,000 bpd.

All signs from OPEC this past week, following a brutal oil price slide, have all indicated that OPEC was aware that the 1.2 million bpd in promised cuts would not quell the market unrest.

The United Arab Emirates Energy Minister said on Tuesday that a market rebalance should take place in the first quarter of 2019; he also added that OPEC would cut deeper if it turned out to be an insufficient volume of oil taken off the market.

Then news came in that Saudi Arabia’s exports had fallen more sharply than expected, and indications are today that fewer OPEC barrels — the fewest in five years, in fact — made their way to the United States in December.

Most analysts agree that oil prices will stay low if OPEC and it's allies fail to make good on its promise.'

[ileeman] 04/1/2019 15:12

Oil back towards $65-70 would be most welcome, I dont see why not with OPEC cutting and as they say they will do what ever it takes to prop prices up.

[sleveen] 04/1/2019 14:26

TW comments, I'm not a subscriber so can't access the premium content:

"Touchstone has production and exploration upside, although funding could prove to be an issue - speculative buy

These days I tend to avoid oil companies at the bottom end of the AIM market as usually the risks aren’t worth the rewards, and the majority of them do nothing but fleece investors over a number of years without ever achieving anything of note"

[awise355] 04/1/2019 11:35

Solid buying within the last 45mins

[ileeman] 02/1/2019 20:49

Took advantage of a few more today at these prices, oil starting to look good again think people will look back on these prices and wish they grabbed a few whilst they had the chance. 20p+ target.

[che7win] 31/12/2018 12:25

Better to buy a quality company like TXP that looks after shareholders with the company saying what it means and meaning what it says.Unlike some other companies that stuff shareholders with 25% discounted placings.Ross, I thought you had promised something in the bet.Oh well.

[che7win] 31/12/2018 12:17

Ross, What does MT win from you?

[che7win] 31/12/2018 12:10

Outperforming TRIN again Astor.

[astorcourt] 31/12/2018 11:57

Is this one still kicking the debt can down the road? trinity all paid up and debt free.

[spangle93] 31/12/2018 11:53

Good wishes to all for 2019

[mount teide] 31/12/2018 10:39

Now there's a blast from the past - since we had't heard from you for many months, elected to take you off filter.

For the record - Like North Energy, two friends and i invested in TXP have not sold a single share - after building initial 1% positions in summer 2017, we have since increased our individual holdings to 1.3%-1.4%. As previously mentioned, we are long term investors and consider TXP as a 3-5 year investment at this stage of the oil market cycle.

[awise355] 31/12/2018 08:51

Next update should be around the corner

[che7win] 28/12/2018 13:00

We are outperforming TRIN by quite a margin.

[awise355] 28/12/2018 12:55

We have some buying pressure Gentlemen

[ileeman] 26/12/2018 21:41

DOW +5%

Oil +9%

Nutty

[fardels bear] 24/12/2018 12:00

Ev car markets? Maybe one in a thousand cars on UK is electric. How many in Brazil, India, and other such places?

[hari] 24/12/2018 09:03

I cannot see Oil markets will go up much as OPEC still to implement Cuts And now admit need more next year.As EV car markets become bigger .. what will happen to oil demand .. Shift change is coming US pumping shale oil is another big issue as well TXP, however much I like it ... is priced on sentiment But what we thought revenues would be at $75 but now sub $50 is also bring prices in