Touchstone Exploration Share Discussion Threads

[fardels bear] 19/2/2019 17:40

Right. Who mentioned the C word?

[captainfatcat] 19/2/2019 17:04

PB mentions spudding in June in the proactive interview posted today

[sleveen] 19/2/2019 16:17

1st April to 30th June...take you pick.

[brasso3] 19/2/2019 15:02

I was lucky that I made a load trading it from 6p to 45p.

I bought back in later I think in the teens so overall it limited my losses (thats what I told myself).

I can see this rising sharply once the drill bit is turning. I will be loading up in June.

[buffythebuffoon] 19/2/2019 14:51

Brasso,

I knew you’d have been in it. Where there’s muck, there’s brasso. That’s the expression isn’t it? :>]

I could have bought a couple of top of the range Porsche Cayennes with what I lost there. I know, because I’d been looking at the cost of one months earlier.

Still, you live and learn. Well, you tend to live anyway.

Buffy

[sleveen] 19/2/2019 12:03

remove the Xs

[tektonik] 19/2/2019 11:53

Refreshed link here:

[...]

[poombear] 19/2/2019 11:52

If you go to the proactive investor website there is a video with good sound.

[ileeman] 19/2/2019 11:28

Bit of sound issue from the presenter but CEO confirms most of the raise is from their two largest institutional backers.



Holdings pre raise

North Energy Capital AS 14,279,250 11.1%
Polar Asset Management Partners Inc. 11,779,500 9.1%

[brasso3] 19/2/2019 10:36

Buffy

Please do not mention CAZA! I got away lightly there but it could have been a lot worse for me!

[wanobi] 19/2/2019 10:22

yep I concur with that, cheers Wan

[buffythebuffoon] 19/2/2019 10:06

You may be 6 months old in AIM investment, but if you are the same Wanobi that I have read over the years, you are no investment spring chicken.

I like Paul Baay. He's a relatively risk averse operator who I trust.

My only problem would be if Ortoire doesn't prove to be as good as it appears.

Stopping drilling because of the uncertainty in the oil price is perhaps pragmatic, but for some reason I can't quite put my finger on, it worries me.

Caza Oil are perhaps a good example of how not to financially set up a company and manage it. Great assets, looking to be on the cusp of seriously outrunning the decline curve, then bang....a precipitous oil price decline, and the tide went out, revealing a less than pretty picture.

I'm not suggesting we are bathing in the nude, but this 2,000 bopd figure is not being hurdled with aplomb.

I'm still invested, but I remain to be convinced that the swan is leisurely paddling below the surface rather than furiously flapping away while trying to look serene above water.

Buffy

[wanobi] 19/2/2019 10:05

blimey, had to look that one up, lol, I try,,,,, but then there is no try, only 'do or do not' right :-) lol cheers Wan

[wanobi] 19/2/2019 09:30

yes, it has now become a binary bet on the COS of Ortoire, hit the jackpot we'll all be laughing,,, miss and more funds required to try again and again etc... cheers Wan

[sleveen] 19/2/2019 09:25

iLeeman

Comparing apples with elephants.

Given the cessation of development drilling for substitution with Ortoire exploration drilling , the TXP risk profile has increased substantially IMHO.

[ileeman] 19/2/2019 09:20

To raise at market price with institutions is extremely good, little to no retail involved in the book is a very good thing. Cash injection and sticky holders.

Just look at SBTX raise the other day for reference.

Anyway enough posting on her for one day, lets see what happens.