Touchstone Exploration Share Discussion Threads

[grannyboy] 03/5/2018 09:36

Well most of us can see the potential...and the under valuation at this time, and Yes agree patience will be rewarded..as in the case of trin, who languished previously before the start of their stellar recent rise..

[grannyboy] 03/5/2018 08:25

What's happened to TXP share price rise mirroring TRIN's????...The MM's arn't following the plan and need to get up to speed!!!!..;)))

[buffythebuffoon] 30/4/2018 14:11

You are both saying the same thing in different ways.

Debt is correct, and the net debt of $8.192m is correct.

Buffy

[grannyboy] 30/4/2018 11:55

Offerman where do you get 22m debt??

Net debt is put at just over $8million...they had nearly $14million in cash at end of 2017...

[offerman] 30/4/2018 11:19

Just had quick glimpse and 22m debt ....

[offerman] 30/4/2018 11:18

Hi ZengasBlast from the past. Hope alls well with you and continued successes. I'll be looking in to these a little more as funds upcoming soon. Majority will be going elsewhere but might have a flutter here too. Can't be many in circa here ...

[glennborthwick] 30/4/2018 09:33

I'm interested in this as have done well in trin. What's the plan to pay the debt down.

[mount teide] 28/4/2018 11:16

The oil market by its nature has always been highly cyclical, but anticipating the timing of a major change in direction is rarely easy, not least because oil market cycles are highly enmeshed with other economic cycles since it is responsible for around a third of all global energy needs.

In the last oil market cycle, 2014 was when the wheels finally came off oil prices, with world oil supply swinging into a surplus as a result of US shale adding 2.1m bpd to global oil output from 2012 to 2014.

As a consequence, oil production exceeded demand by 0.4m bpd and 1.0m bpd in 2014 and 2015 respectively, and Brent fell to circa $30/bbl in early 2016. Although this proved very challenging for the high cost offshore industry, cheap oil stimulated global demand, which grew by 2.0% in 2015.

Various factors - the OPEC agreement in Q4 2016, outages in Nigeria and Libya and long term falling production in Venezuela and Angola - then saw oil supply swing back into deficit (1.6m bpd in 2017), supporting rising prices.

So far in 2018, oil has been volatile in the $60-$75/bbl range, mainly because OECD oil stocks are now almost back to the five year average and the group has floated a 2019 cuts extension.

In the consensus view, oil demand is again expected to exceed supply in absolute terms in 2018 by circa 0.9m bpd - resulting in money managers recently building a near record level long bet on the POO.

Personally, i think the current oil sector fundamentals point to Brent likely averaging in the range of $70 - $85 for the remainder of 2018 - which should suit a leaned down TXP just fine, particularly with a large scale, low cost 2018 production development programme now well underway.

AIMHO/DYOR

[phowdo] 27/4/2018 09:47

Just a matter of clearing this line of stock.
It was well bid at 14-14.5p the other day then a load of stock became available.
Doubt it'll take that long to clear if the price is right.

[zengas] 27/4/2018 09:38

Trin put the best part of £35m m/cap on in the last 6 weeks to £68m (16-24p) and haven't been operationally any different. Production maintained at 2721 bopd end of March 2018.

TXP flat at £17m m/cap circa 1700 bopd last update and 4 wells to be reported on with a further 6 over the remainder of the year + recompletions. That's a difference of an extra £50m m/cap to grow into or at a future overall £50m mkt cap/target of circa 40p.

[marvelman] 27/4/2018 09:30

...that's what I was assuming also phowdo

[phowdo] 27/4/2018 09:24

Looks like some of that placing stock still needs soaking up.

[marvelman] 27/4/2018 09:21

Still waiting for an entry point but the recent chart says not yet

[2prsimo] 27/4/2018 09:21

Looks like patience is wearing a bit thin for some - down again this morning

[2prsimo] 26/4/2018 13:55

Why is the market cap here so low - is it the level of debt?

Surely, it has to be better value than LGO MKii or the Trinity Tiddler

Needs a positive update to get the ball rolling

[mount teide] 24/4/2018 09:05

L2 - 3 v 1 / 14p v 14.5p - one other MM left on 15p the rest are on 15.5p

[mount teide] 24/4/2018 07:44

Telegraph article by Ambrose Evans-Pritchard the international business editor

[awise355] 24/4/2018 05:25

Was this in the Times newspaper friend?

[mount teide] 24/4/2018 01:16

Geopolitical storms threaten $100 oil as US shale struggles to plug the gap - Telegraph


'The world risks a full-blown oil shock within months as three geostrategic crises come to the boil and Saudi Arabia starts to whisper about $100 crude, setting off a speculative scramble by commodity hedge funds.

Brent crude has surged this week to a 40-month high of $75 a barrel even though the global economy is losing momentum. This price spike is different from earlier China-driven episodes over the last fifteen years. It reflects a constriction of supply and a rising "political premium". Such a context makes it more threatening.

It is now highly likely that Donald Trump will reinstate oil sanctions against Iran on May 12, this time adding extra curbs on distillates to increase the pain. Japan and South Korea will almost certainly join the Americans.

Most European firms will fall into line whatever the policy of their own governments since it is dangerous to defy the US Treasury. Most insurers and shippers will steer clear of Iranian cargoes.

“We are pretty confident that oil will be in triple digits by next year,” said Jean-Louis Le Mee from Westbeck Capital.

By then the oil market will be feeling the delayed effects of a 40pc slump in investment from late 2014 to early 2017, storing up a structural shortfall of 8m b/d. Westbeck estimates that extra barrels coming on stream from fresh fields will drop from 3m b/d in 2018 to 1.5 b/d in 2019...............

.....US shale output can no longer keep up with the global shortfall. Although US production has rocketed to a modern-era high of 10.5m b/d, a lack of pipelines is increasingly leaving “stranded barrels” in the Permian basin of East Texas. The new infrastructure will not be in place until mid-2019. The logjams are even worse in Canada.....

........Saudi Arabia and Russia are now signalling that they aim to extend the production caps deep into 2019. This has been the green light for hedge funds and ETF commodity investors. Ole Hansen from Saxo Bank said the speculative rush has pushed “long” commodity contracts to a five-year high of $1.09 trillion, just shy of the record in 2013.'

[mount teide] 23/4/2018 20:25

Indeed - energy sector investors will draw huge comfort from seeing oil hit $75 for the first time since 2014.

A lean, recession conditioned, low production cost TXP could't have better timed its two rig, 10 well development drilling programme and 2018 schedule of 24 well re-completions.