Touchstone Exploration Share Discussion Threads

[lptuf93] 27/10/2017 14:09

Ross, seems like everyone (myself included) have tried to help you find all the information you're looking for to have a better understanding of an upto date TXP but you still seem to ask the same irrelevant questions. I don't understand why, if this is on your watchlist, you are acting the way you are?

I think this share has a little more space for growth considering the value of TRIN/CERP (AIMO)

[woodpeckers] 27/10/2017 14:05

TBH I'm not a great one for making predictions.

I look at the facts as they are at the time, the potential of the company and most importantly the background and personalities running it and if they all stack up, which for me they do here, I invest and keep a close eye.

As long as nothing alters for the worse I am happy to leave it in the hands of the professionals.

[woodpeckers] 27/10/2017 13:59

ross, I try to, but find it very difficult as you state that TXP is on your watchlist, you want questions answered but apparently can't be bothered to watch the presentation which would give them to you, despite being prepared to spend quite some time posting here.
Anyway, good luck with your decision.

[mount teide] 27/10/2017 13:06

L2 continuing to strengthen - 3 v 1 / 16.0p v 16.75p - could even finish blue today, which would be a stunning and very bullish intra-day reversal.

[woodpeckers] 27/10/2017 12:59

ross, can't quite work out whether you really are attempting to deramp or are actually invested and quite cleverly ramping here as all your questions are giving others a chance to show the strength of company and it's potential....

[mount teide] 27/10/2017 12:53

What is the issue that has delayed the next 4 wells?

Very active hurricane season by historical standards that has generated exceptional amounts of rainfall across the Caribbean of tropical intensity. The season ends in November.


Yes, at 16/17p the £16m market cap must be very worrying for some!

[grannyboy] 27/10/2017 12:52

The weather..There's been a few hurricanes, they expect to start the w/o's near the end of November.

As mentioned in the video presentation.

[woodpeckers] 27/10/2017 12:42

ross, here is the link to the Paul Baay interview, it really is worth watching. I'm in TRIN too as I see it as a great investment but I also took a position here when I had watched the interview.

[mount teide] 27/10/2017 12:39

Now wanting 16.9p for just 10,000 - despite two MM's on the offer at 16.75p showing a combined 20,000 of stock available.

[che7win] 27/10/2017 12:29

Maybe you'll be convinced at 30p.

[mount teide] 27/10/2017 12:12

MM's short of stock again - now want 16.9p for just 20,000

[wheniamfree] 27/10/2017 12:11

Those who are happy to part with cash for TRIN should be more than happy to cut off their arms for TXP. The valuations don’t stack up, if it’s considered TRIN is a little cheap (which id agree on) then TXP is bargain of the century.

[che7win] 27/10/2017 11:21

Brent crude just under $59, the margins here will be terrific if it stays there...

[che7win] 27/10/2017 11:17

MT,
well said.

I see them doing some JVs with Petrotrin in the next year too, they see opportunities there.

[mount teide] 27/10/2017 10:14

che7 - disingenuous ross knows that very well - that's why the post was made! Ross is perhaps suffering from sellers remorse after bailing from TXP at circa 10.5p! Considering the comments since, it would make any reasonable person question why on earth Ross took a position in the first place.


Ross - what's your TXP production prediction for the end of 2018?

With up to 20 self funding development wells in 2018 and 24 well workovers, it could be closer to 3,000 bopd than 2,000 bopd. And of course there is the hugely exciting exploration upside from the 10% of capex going into the Ortoire block which has 4 known oil pools, a "huge"(CEO's words) shut-in gas field with production pipeline infrastructure already in place, and massive recent oil field finds on numerous blocks surrounding Ortoire.

[che7win] 27/10/2017 09:08

ross,
listen to the presentation - then you would know the 4 wells won't be finished this year!

[wheniamfree] 27/10/2017 08:28

Yes it did shrewdmole.

[shrewdmole] 27/10/2017 08:23

Didn't this close at 28c last night in Canada?