Touchstone Exploration Share Discussion Threads

[trapissed monk] 19/10/2017 09:31

Still waiting!

[che7win] 19/10/2017 09:28

The company doesn't declare flow rates until 90 days after pumping - this is a conservative company, underplaying IMHO.

They sell direct to State oil company - so get Brent minus 12-13% prices but have no transportation costs, refining to do or find customers - and paid promptly 25th of each month, removes a lot of headaches for them!

Also I think they are getting very good turnkey prices for the cost to drill the next 4 wells.

They are currently cash flow positive, I asked three questions I think Paul answered, well worth going to. The opex metrics will get better as they expand production.

Continuous drilling next year - each well about 15 days to drill and internally funded!

[che7win] 19/10/2017 09:06

I guess you completely missed the presentation last night, nor have you compared metrics here with other Trinidad operators.

[honestmarty] 19/10/2017 08:39

Like I said they tend to hunt in packs...

[wheniamfree] 19/10/2017 08:35

Honest your talking out your backside, show me another profitable company producing this much oil with reserves in place for £15m

[sja123] 19/10/2017 08:21

mmmmmmm....I should have worked that into the post john henry! :-)

[john henry] 19/10/2017 08:12

Perhaps not that honest SJA

[qs99] 19/10/2017 08:12

great, with that sort of demand, 20p next stop, GLA and DYOR

[mount teide] 19/10/2017 08:11

Currently want 16.69p for 10,000

[sja123] 19/10/2017 08:10

honestmarty.....filtered....ridiculous post designed to manipulate....

[someuwin] 19/10/2017 08:09

All buys so far.

[honestmarty] 19/10/2017 08:01

A bit of caution needed here.
The share is being ramped on other boards by a few of the regular wise guys.
They admitted to having built up sizeable positions and are now spreading the word.
These people seem to hunt in packs.
Could explain the run up in price on little news.
Pump and dump?

Could be.

[wheniamfree] 19/10/2017 07:58

Let’s see how easy this is to buy today, there was nothing yesterday so may have to leave an order

[wheniamfree] 18/10/2017 21:28

The recording of the webinar will be on value the markets tomorrow for those who missed it. Highly recommend a watch/rewatch.

[mount teide] 18/10/2017 21:16

Number of Advfn posts since the June AIM IPO tells its own story:

June: 5
July: 0
Aug: 2
Sept: 18
Oct: 168

[che7win] 18/10/2017 21:15

Thanks Jungmana, That shows, he's very enthusiastic about the company, next year will be transformative.

[jungmana] 18/10/2017 21:02

Che - Paul is a proper oil man . He founded True energy and grew production from 350bopd in year 2000 to 20,000bopd by year 2007.He knows this stuff.

[che7win] 18/10/2017 20:53

MT, Yes, Paul Baay seems experienced, focussed and a safe pair of hands.He did say we have a lot of catching up to do on valuation, even after the past week.Thanks for making that point on self funding for continuous drilling next year -- 20 wells.

[wheniamfree] 18/10/2017 20:42

This price can’t stay down here, I’m placing a limit order in the morning this has multiples to go and more than happy to average up now they are also increasing their PR.

[jungmana] 18/10/2017 20:41

The reality is CERP today is overvalued x 2. Trin still has way to go to fair value. TXP has even further to go.All imho.

[2prsimo] 18/10/2017 20:35

Well having listened to that, the value compared to TRIN and CERP is enormous!! An easy doubler from the closing price today - GLA

[mount teide] 18/10/2017 20:35

Excellent presentation - Paul Baay is a very impressive character, likely to be well received in the City.

Expects next years programme of up to 20 new wells and two well workovers/a month to be SELF FUNDING.

All of the last 4 wells hit oil in the deeper zone and ALL subsequent wells will be drilled to target the deeper zones too, since the extra cost is just an additional $150,000 per well.

[che7win] 18/10/2017 20:33

The potential is enormous here, I expect we have a bit of catching up to do with the sector.

[jungmana] 18/10/2017 20:32

Shrew - shore capital (the broker) have 29p value But mine is 39p :-)

[che7win] 18/10/2017 20:24

Well, I'm impressed with that presentation.Continuous drilling next year maybe.