Touchstone Exploration Share Discussion Threads

[sja123] 13/10/2017 09:10

This....from the end of September gives plenty of information on the prospects going forward and the amount of opportunities available to them for steadily increasing their already substantial production....plenty still to go here imo...

"Touchstone has booked a total of 78 development locations and 122 recompletion candidates providing years of low risk drilling and recompletion opportunities"

[zengas] 13/10/2017 08:51

In addition to the production from the existing 15.8 mmbo P2 it's worth looking at their Ortorie exploration block where they have yet to do anything.

4 known vintage oil and gas fields.

"Technical work supports low risk exploration and highlights potential for reactivation, recompletion and infill development of vintage fields on the block".

Just outside the block boundary there have been 4 discoveries with over 200 mmboe combined (August presentation).

[sleveen] 13/10/2017 08:35

J

Thanks.

[someuwin] 13/10/2017 08:22

Still only £11m mkt cap.

Too cheap by far.

[jungmana] 13/10/2017 08:20

Very good start to the day. Looks like they are done selling.

[che7win] 13/10/2017 08:17

Thanks Jung, Then they are more interested in moving onto the next deal IMHO.

[jungmana] 13/10/2017 08:14

Che7 - city financial were involved in the aim listing I believe. Looks like they happy with 20% profit.
I agree they could have waited for 30p but this financial institutions many times sell very early.

[qs99] 13/10/2017 08:09

bit of a boom opening

[che7win] 13/10/2017 08:09

Id love to know what they are buying that is less than 1/3rd of true value IMHO.Beggars belief.Brakes should come off as you say Jung.

[jungmana] 13/10/2017 07:28

Sleeven, i check on lse . They always give the date the time of delayed trades

[sleveen] 13/10/2017 07:25

Jungmana,

How do you know it is a sell from Tuesday, is there a database somewhere?

TIA.

[jungmana] 13/10/2017 07:10

Rns out . City financial are the sellers. 2,5m left as of Tuesday and Imo if they are selling out should be done by end of today. Shackles off and we can move freely.

[jungmana] 12/10/2017 22:49

Is a sell from Tuesday

[kingkongtimmo] 12/10/2017 22:20

Big delayed trade printed

[wheniamfree] 12/10/2017 21:48

Consolidation at 12p before lifting off again, the upside here offers a fantastic return even on today’s figures.

I will be buying again tomorrow.

[zengas] 12/10/2017 19:59

29p valuation and that's at a big discount to peers especially with more reserves/production than CERP.

[jungmana] 12/10/2017 16:00

Thanks for that link. Shore capital us at 29p right now. That's good for starters

[wheniamfree] 12/10/2017 14:33

Just out

[...]

[mount teide] 12/10/2017 10:53

If TXP deliver their 2,000 bopd production target over the next 3-6 months and oil stabilises in the $55 - $60 range, then a share-price of 35-40p would not be unreasonable - particularly since next year with the commitment drilling finished, they will be free to target the high potential locations within the blocks with their proposed 10-20 well drilling campaign.

[someuwin] 12/10/2017 09:22

Looking for 20p+ before long.

[jungmana] 12/10/2017 08:52

I added 20k shares this morning. That's my last lot :-)

[shrewdmole] 12/10/2017 08:38

Jungmana

I'd have to agree with those market caps tbh.

Pretty accurate based on production and reserves.

S

[mount teide] 12/10/2017 08:23

L2: 2 v 1 - 12.25p v 12.5p

[brasso3] 12/10/2017 08:20

Nice start