Touchstone Exploration Share Discussion Threads

[che7win] 21/12/2017 21:48

Mount Teide, I think this will be a strong performer next year and we have a CEO fully aligned to the business with a vested interest in making a success of the business.This company is going places IMHO.

[mount teide] 21/12/2017 16:02

che7win - joined North Capital, by offsetting some of the placing dilution by adding back to 1% of the enlarged share capital.

Barring a complete collapse in the POO, looking forward in anticipation to the 2018 10 well drilling programme and 24 well recompilations to work their magic on the valuation.

The 24 well recompletions has the potential to generate a production increase at least equivalent to the worst case historical field decline rate - leaving the expected average increase per well of 75 to 100 bopd from the 10 well drilling programme to lift production to somewhere in the range of 2,250 bopd to 2,500 bopd by next summer.

[che7win] 21/12/2017 14:38

I am very satisfied to be accumulating this week, its looking very positive here going forwards.

[fsawatcher] 21/12/2017 14:05

this droppin for a reason and yous not work it out yet ave ya

you find out soon

you r buyin velcro here

yous gettin ripped off

[che7win] 20/12/2017 11:07

I would expect at or just below 1500 bopd.I bought more today.

[che7win] 19/12/2017 20:42

Next well is being prepared here:

[che7win] 19/12/2017 12:04

I'm tempted to buy I must say...

[buffythebuffoon] 19/12/2017 11:23

I can’t see it on TSX, and regardless of that, they should announce on all stock markets on which they trade.

Anyway, onwards and upwards.

Buffy

[sleveen] 19/12/2017 10:31

Indeed, if the upside is so good over the next 6-12 months, why sell immediately?

[che7win] 19/12/2017 10:29

Buffy, Can't disagree with you there, but it's past history and the recent raising wasn't excessive in its discount or fees, just ill timed as far as I'm concerned.I reckon they do want to take advantage of cheap drilling costs alongside licence obligations that's they had.I think today's announcement leaves a poor taste in the mouth after all the presentations and demonstrated upside, that's what annoys me most.Ironic that's it's TRIN falling so far today.Oil is having a storming month, maybe too much? Might give a boost to the frackers hedging away for the next year.

[buffythebuffoon] 19/12/2017 10:20

che7win,

I hadn’t read it until rossannan pointed it out.

Usually a raise announced in interims or finals would be put in the highlights or bullet points at the head of the RNS. It comes across as a bit spivvy.

Buffy

[che7win] 19/12/2017 09:21

Ross, I had read that, yes, so I was aware.I have sent my thoughts to the company today on today's announcement.

[che7win] 19/12/2017 09:09

The recent £3m placing raised net proceeds to the company of £2.7m which is about normal.

[buffythebuffoon] 19/12/2017 09:00

I invested here as I was backing the man.

I guess the one positive is that he is a winner, and hopefully we get carried along for the ride. I don’t suppose we’ll complain if he makes a large fortune as long as we make a small one.

Buffy

[buffythebuffoon] 19/12/2017 08:49

Apologies, I thought you were talking about the last one.

If your figures are right, that is appalling.

EDIT Found it buried away. Astonishing...

Buffy