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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Touchstone Exploration Inc | LSE:TXP | London | Ordinary Share | CA89156L1085 | COM SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.98% | 50.50 | 50.00 | 51.00 | 51.00 | 50.50 | 51.00 | 34,200 | 08:02:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 28.35M | -3.2M | -0.0136 | -64.71 | 206.11M |
Date | Subject | Author | Discuss |
---|---|---|---|
20/10/2020 14:11 | Useful, Dunderheed, and appreciated. Ta. apad | apad | |
20/10/2020 14:11 | I think some of the uncertainty might be the size of offering that is likely headed our way. In relation to 2P 10% NPV it should not be a concern; Funded Projects ; 1) Cascadura Deep $4-5 Million 2) Coho pipeline $1-2 Million 3) The company is producing $800,000 of cash flow a Quarter. I was guessing Coho would add $500,000 /month . My understanding the pipe hasn't even started being put in the ground . I think we will be lucky to have this cash flow contribution by March 2021 . There has been some discussion that NGC contract will reimburse Touchstone for Pipe line cost. UNFUNDED PROJECTS: 1) Road to Royston $1 Million 2) Royston Drill $5 Million 3) Completion of Chinook $1 million 4) Completion of Cascadura Deep $1 Million 5) Completion of Royston $1 Million 6) Start of second Drill Rig. $10 Million. I am assuming that Mgt will also miss getting Cascadura/Chinook hooked into NGC System ( guessing Sept 2021) Thus two drills with second rig before Sept 2021 7) 3D seismic work $2 Million ( required in lease terms , modified terms might allow expense to be deferred into 2022) 8) Contingency cash $4.4 Million 9)Less $5.4 Million positive cash from Coho starting in March 2021 and $800,000/Qtr from existing production I guess total cash raise will be $20 Million. With well over $400 Million of 2P 10% NPV Reserves from Cascadura alone I would hope they could debt finance 2021 cash need (doesn't include Reserves from chinook , coho or existing reserves from stripper wells ) | gopbg | |
20/10/2020 14:06 | Just looking at Royston on the most recent presentation (I'm also expecting a new one due out for Thursday btw), slide 12. Is the diagonal straight line boundary at the top of the P10/P50/P90 case the edge of the Ortoire license block? I assume so, anyone know? | homebrewruss | |
20/10/2020 14:02 | My trade was actually moving stock into my ISA rather than anything clever, I reduced an overweight there and moved some of my overweight TXP in. I really like avoiding filling in those damn CGT forms! And will be at it again bed and ISAing in April so if PB could arrange the April announcements around the 10th of the month I will be grateful. | davidblack | |
20/10/2020 13:49 | I often had this gut feeling I should sell and buy back a few days later because it normally does. I had it again in txp when 120p were rejected twice. But I didnt sell any, I topped up a bit. Really bad decision some days later as I know it went back down to 100p today. but my problem is, that I had the same feeling many times in the past. After being right 4 times but not having sold my shares and buying them back cheaper I tried it. I cant say it never worked, but I did also miss it some times. So I didnt want to try it with txp, as I am 99,9% convinced that this will go up much much higher and even a drop doesnt mean anything as we all know the share price is more than reflected by only coho, cascadura and the oil production in the west of TT. So too risky for me, Im not good at it I guess. I can sleep really good now knowing my investment here got even safer after chinook, finding hc there was all I were wishing for while we waited 60 days for the announcement. I got it, we are 15p higher than before, investment derisked in a really big way. So much to come. No brainer. I could t sleep good being out with 1/3 of my shares... | thommie | |
20/10/2020 13:43 | APAD can I help you further in that assessment? "Malcy" is totally useless at his recommendations and I do shudder when a company I like gets his accolades or attention. All imho of course. | dunderheed | |
20/10/2020 13:16 | As am I, but maybe that's because I bought more at 105.5p and he is clearly sharper than me. But then most people are! | davidblack | |
20/10/2020 13:11 | Personally I'm really getting bored discussing "wonder guru" ngms27 trading strategies | onedayrodders | |
20/10/2020 12:37 | Spawny you are correct. From the RNS 14th August "We continue to work with various government organizations to finalize the facilities and tie-in of the Coho natural gas discovery. We have received initial comments for the required Certificate of Environmental Compliance ("CEC") from the Trinidad Environmental Management Authority and are currently preparing our responses. In parallel with the CEC, the contractor has commenced construction of the surface equipment along with the preparation of the materials required for the pipeline. We have also received approval to begin transportation of the coated pipe to the well location where it will be stored while awaiting final approval to commence construction." Fingers crossed not too long now. | davidblack | |
20/10/2020 12:11 | A genuine question. I used to like Malcy's potted descriptions of companies. I recognised that he must be limited to airing negative opinions, or he wouldn't have been granted access. However, for a while I have found him anodyne, boring even. Am I being unfair? apad | apad | |
20/10/2020 11:03 | Malcy and Doc H were also pumping PMO and HUR | leoneobull | |
20/10/2020 10:56 | I was under the impression that the permits they are waiting for regarding Coho are relating to the laying of the pipeline, in which case I very much doubt that the pipes have been put down absent permits. But I may have got the wrong end of the stick and am happy to be corrected. | spawny100 | |
20/10/2020 10:55 | That's your choice. Mine is different. I could also argue given Covid I'm limiting potential downside risk. I also believe at some point soon they will tap the market to drill Royston and beyond which would also dampen the share price.The gas contract and spudding of Casc Deep are market knowns and I doubt either will propel the shares above where I sold, but again it's not a definite.Then of course there could be a left field event such as a takeover approach.However you look at it I'm using option money and taking a calculated risk. To date my judgement has been proven right and that's the uncomfortable truth you have to deal with rather than criticising my approach. | ngms27 | |
20/10/2020 10:50 | I wonder if the Coho pipes are now in position for when the sales contract has been signed? | davidblack | |
20/10/2020 10:47 | I think most of us knew from past experience there would be a drift down until next news. What none of us knew was when that news would arrive. We gamble either way. | marvelman | |
20/10/2020 10:45 | Correct, but you assume even if the share price rises it will zoom past the prior exit price without giving the option of getting back in at or below the exit price. | ngms27 | |
20/10/2020 10:43 | So risking 33.33% recurring to gain just 4.99% holding. Not really worth it when you consider what news is in the pipeline and/or the share rising against you. The hold approach has certainly worked well for me here. | tidd83 | |
20/10/2020 10:18 | Why the maths make the risk/reward of market timing highly problematic. Anyone timing the market perfectly to date by selling one third of their TXP holding at circa 115p and using the proceeds to buy back in at circa 100p will have increased their total shareholding by 4.99%. | mount teide | |
20/10/2020 08:52 | Buffy large sharks who know what the smaller fish are going to do. So it’s apparently a free lunch at times! | davidblack | |
20/10/2020 08:29 | gopbg...my 2 cents is that your 2 cents is completely wrong ;-))) Clearly there are 4-8 weeks of delay before testing can start/finish as mentioned in the above TXP response. There is also the desire to move the rig straight on to the next well ie Casc Deep due to 1. license requirements although presumably they would get a delay agreed if required due to Covid for one 2. they are probably paying for the rig even if it's not drilling therefore makes no sense for it to be stood doing nothing. 3. the time for completion approvals is 'dead time' for the Chinook pad so might as well start drilling Casc Deep. 4. As soon as Casc Deep is completed, they can move the rig off and move test equipment to Chinook and by the time Chinook testing is complete they can move straight on to Casc Deep testing phase. This sequence removes any slack in the programme, optimises costs and productivity and delivers both Chinook and Casc Deep at the earliest possible opportunity. Finally there is also an element of risk. If the testing had a blow-out and fire emergency services would be restricted by trying to get past Casc rig to reach Chinook. Safety is usually number 1 consideration above costs and profit. aimho | lazarus2010 | |
20/10/2020 08:28 | Hi DB, I guess if they lose predictably enough....or are you suggesting they are following traders as a momentum strategy? It would be ironic if people really are making money doing that. Buffy | buffythebuffoon | |
20/10/2020 07:49 | Buffy spot on but it’s worth remembering that there is also money to be made by trading the Chartists whose trades are predictable because they respond in predictable ways to share movements! Apparently there are plenty of big fund traders who do just that, trade the traders! | davidblack | |
20/10/2020 05:54 | Malcy talks TXP with Doc Holidayhttps://total | burtond1 |
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