Touchstone Exploration Share Discussion Threads

[che7win] 04/11/2017 08:41

It just shows how investor bias can really hold back investment returns when a statement like that is made, especially as Rossannan bought TRIN at 18.5p yesterday.I think TXP has a higher breakeven price for oil than TRIN.That means as the oil price rises, the expected growth in cash flow is a higher percentage here.

[mount teide] 04/11/2017 00:31

'Share price here becoming a bit more realistic'????

TXP down 11.7% from its recent high (17.0p offer down to 15.0p)

while

TRIN is down 16.8% from its recent high (20.75p offer down to 17.25p)

Using your logic, TRIN's current share price would be described at becoming much more realistic by comparison!

At $62 oil many would suggest TXP is better value at 15p, than it was under 10p when oil was $50. Since TXP is cash flow positive below $50 oil, the current £15m market cap is totally ridiculous considering the economics of the business.

TXP annual revenue at $62 oil, after adjustment for oil sales brokerage and royalties is greater than the current market cap!

[che7win] 03/11/2017 19:37

Oil rocketed tonight, what a week for oil Bulls!

[mount teide] 03/11/2017 16:44

The Shares Investor and AJ Bell Media evening event on 28 November 2017 provides an opportunity for board directors from ANGLE (AGL), Royal Road Minerals, ThinCats and Touchstone Exploration (TXP) to talk about their companies and update existing & potential investors on their business plans.

Novotel Tower Bridge, 10 Pepys Street, London, EC3N 2NR
Registration: 18:00 - Presentations: 18:30

Touchstone Exploration (TXP)- Paul Baay, CEO

Touchstone Exploration is a UK listed but Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders. In Trinidad, the Company's interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad. Touchstone holds over 8,700 working interest acres of onshore producing properties that have known crude oil reserves as well as over 55,000 exploration and undeveloped working interest acres that are being evaluated.




Have registered to attend - the networking opportunity these Shares Investor events provide with the various speakers at the drinks reception, immediately following the presentations is usually very useful and can often be more informative than the presentations for existing shareholders, already familiar with most of the content of the presentation.

[che7win] 03/11/2017 09:15

Oil up another 50 cents, oil sentiment is getting very bullish, I think we are in a sweet spot here with a lot of investors looking to buy oil assets.

[wheniamfree] 02/11/2017 21:06

121 oil conf

[mount teide] 02/11/2017 19:23

sleveen - i agree but doubt the consolidation will last long.

As a result of the CEO's excellent presentation and hugely informative Q&A session, considering what we know now, combined with oil up 20%+ since the summer to over $60, TXP probably offers better value today than it did sub 10p .

[john henry] 02/11/2017 08:05

well VRS was the winner, TXP and VRS at 12-13p had both been moving up in tandem

[sleveen] 01/11/2017 17:12

Given that TXP has bagged in 2 weeks, a spell of consolidation is probably warranted.

IMHO.

[che7win] 01/11/2017 08:27

Oil up another 50cents today.

[mount teide] 31/10/2017 20:05

O&G sector rising tide strengthens!

BP is the latest oil major to report a very healthy set of results for Q3/2017, signaling that the sector is making good progress in adjusting to lower oil prices. Profits at many of the world's biggest energy companies are now soaring, helped by a stronger crude market and stringent spending cuts.

Last week, Exxon Mobil Corp and Chevron both reported huge increases in third quarter profits, up over 50% compared with the prior year. French oil major Total SA saw its earnings jump 40%. Royal Dutch Shell PLC reports later this week.

The strong set of earnings plays into a run up in international oil prices to more than $60 a barrel, the highest level since early 2015. This has lifted BP's share price to a seven year high.

[mount teide] 31/10/2017 19:35

TSX - TXP 28c/16.5p

Brent now up to $61.3 - as i understand the CEO, above $50 Brent the 2018 programme of 20 well drillings and 24 well work-overs is self funding.

Currently, for every $10 rise above $50 Brent, TXP is generating an additional $5.5m of annual revenue/cash flow(less taxes) at 1,500 bopd, which would rise to $7.3m at 2,000 bopd.

At $61 Brent, TXP at 1,500 bopd is probably generating a ridiculously high percentage of the current market cap in positive cash flow.

[che7win] 30/10/2017 11:49

That 100k trade is a buy, MMs must be either well short of stock now or supply coming from somewhere IMHO.

[che7win] 30/10/2017 10:48

Couldn't resist a few more.

[che7win] 30/10/2017 10:13

John, Yes, it's a pity, TRIN new broker initiation, TP 33p from Whitman Howard.I own both heavily, would think that if TRIN rises, TXP should rise faster.

[deeppockets] 30/10/2017 10:12

Think there's a lot in both too! As they aren't too dissimilar (before I'm criticised I know there are some key differences) in size and both Trinidad based they may rise in tandem!

[john henry] 30/10/2017 10:06

IMO i think theres a few flippers trading between TXP and TRIN.

[mount teide] 30/10/2017 09:00

At the current POO, on 1500 bopd, TXP will be generating $6m more revenue per annum and probably a very high percentage of that in additional cash flow, than earlier in the year, where the POO was averaging $50

Current market cap of $16m makes little sense.

[mount teide] 30/10/2017 08:51

Brent continuing to build on last weeks strong performance - up to $60.8

[wheniamfree] 29/10/2017 22:40

That should make TXP a stand out buy given that both TRIN and CERP are presenting later.

[che7win] 29/10/2017 20:59

Paul Baay presenting tomorrow at 10:40:

[mount teide] 29/10/2017 20:38

shrewd - Indeed,

Trinidad & Tobago 2018 Budget - Ernst & Young's Energy Sector Budget Review makes interesting reading:

'The Government must facilitate efforts to boost production of hydrocarbons particularly given the fact that downstream demand remains robust and currently exceeds supply (both in the domestic and export natural gas sectors and oil re nery business).....

.....As we have commented previously, there continues to be diametrically opposing views to as whether the tax incentives granted by the last administration were too generous. Such incentives included the immediate write-off of 100% of the capital allowance on exploration activity and accelerated claims of capital allowances on capital expenditure associated with development and production activity.......

......It is imperative, however, that the Government moves quickly to conclude negotiations and execute the necessary fiscal reforms, as the incremental supply that is achieved in the short-term would need to be supplemented to meet medium term demand.

In addition, the enhancement of crude oil production, which currently stands at 73,500 barrels per day to meet refinery demand, must also be high on the agenda of this Government.'