Touchstone Exploration Share Discussion Threads

[brasso3] 16/1/2019 12:42

I see there was a bad well result at UPL today.

Hard to believe UPL have a similar market cap. to TXP.

Looking to add further here in the coming weeks.

[ileeman] 16/1/2019 11:11

Great interview, investor question starts at 20minutes.

hxxp://www.valuethemarkets.com/index.php/2019/01/16/video-touchstones-paul-baay-discusses-ortoire-blocks-game-changing-potential-exclusive-valuethemarkets-presentation-txp/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

Key points

- 2400-2500 target production 2019...20-25% year on year.
- Not looking to dilute/raise
- Break even significantly lower than $40 oil
- Oil prices bouncing = good balance between development well program and exploration program
- If oil prices slow they will slow well program + bring on partner to fund Ortoire from existing cash/cashflow

Other points that I forget.

[che7win] 16/1/2019 07:19

GMP First Energy - Touchstone Exploration (TXP LN)1: £0.40, BUY;

[ileeman] 15/1/2019 21:07

Oil climbing near highs again.

[captainfatcat] 15/1/2019 17:22

Thinking of adding a few more myself production is steadily building and the oil price is looking to have bottomed out.

Good interview by Paul Baay on Proactive making a lot of sense.

Tick Tock

[tektonik] 15/1/2019 16:38

Well covered off Spangle. I'd encourage every interested individual, either current holder or prospective to ask Paul Baay your intriguing/tough/blunt questions tonight on the investor call to get the information you're looking for. Seems like yet another good opportunity to engage with the CEO directly.

[ileeman] 15/1/2019 15:13

Yup just listened great interview, dont let rossannan see it lol

Also pay attention to the most exciting part which is Ortoire, significant interest, game changing for the company, drilling Q2, report coming out in next 30 days showing Ortoire data, goes on to talk about costs and says they can cover with current cashflow/cash without a partner.

[tektonik] 15/1/2019 12:55

Paul Baay on Proactive. Explains a lot:

[ileeman] 15/1/2019 11:12

2000 barrels average January, QoQ production increasing, QoQ sales increasing, siginficant interest in exploration program, bullish oil. Good times ahead.

Stop being such a hater, love you too :P

[otemple3] 15/1/2019 09:50

I sold out here a while back (got lucky as mostly above 20p) as I was disappointed that 2000 barrels hadn't been hit then so am surprised they have still not made it. Ontoire is the carrot and if that come off then there is some great upside here but the underlying business / financials are not making me to want to get back in for now.Will watch the presentation later to see what the Mgmt team have to say though

[ileeman] 15/1/2019 09:07

Well lauders QoQ production is up, 2000 barrels average will hit January I guess you could call it a minor delay but dont forget they are well ahead of where they said they would be this time last year.

Any way you look at it is a good RNS and company continue to deliver, however this is AIM traders will sell on news. With RNS released and interview later today it will help put this on the radar.

[otemple3] 15/1/2019 08:58

Enterprise value is far more relevent but can't tell the current situation as don't think txp have provided their current level of debt. Trin is about £47m (£60m less £13m cash)

[lauders] 15/1/2019 08:55

iLeeman - "Brilliant" is debatable. Weren't we supposed to be at 2000 bbls/d by end of 2018? If so a slight disappointment and hence the drop today. I was hoping for/expecting more. The future looks bright though and hope the interest expressed manifests into something positive!

[zho] 15/1/2019 08:51

£60m (TRIN) to £17m (TXP)

[babbler] 15/1/2019 08:49

what's the mcap difference?

[ileeman] 15/1/2019 08:39

I love you too.