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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
  0.00 0.0% 102.50 95.00 105.00 - 0.00 07:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 28.1 6.8 0.0 - 216

Touchstone Exploration Share Discussion Threads

Showing 22001 to 22025 of 23825 messages
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DateSubjectAuthorDiscuss
15/7/2021
02:34
Some nice snippets in here : https://trinidadexpress.com/press-releases/touchstone-exploration-begins-seismic-survey/article_0ac94cd4-e4c0-11eb-af1c-038f2549aacd.html ...........Speaking at the site of the seismic survey, Minister Young said he spent an educational day touring and was pleased to see the first seismic being performed onshore since 2016, "These are very exciting times with a lot of prospects and a lot of hope for success, especially on the gas side. We at the Ministry of Energy will continue working with Touchstone. The Company is a critical factor in us going forward and providing gas production and showing it can be done."........... ........Paul Baay, Touchsone’s President and Chief Executive Officer, said “in the last two years the Company has successfully drilled four explorations wells to the Herrera sands in the Ortoire Block, and all were deemed discoveries. These are namely Coho-1, Cascadura-1ST1, Chinook-1 and Cascadura Deep-1. Touchstone has signed a key gas sales agreement with the National Gas Company for the purchase of all gas produced from the Ortoire Block. In the coming months, the Company is anticipating to bring online our first gas discovery – Coho-1 at approximately 10 mmscf/d. In addition, we are working closely with stakeholders to complete the Environmental Impact Assessment for the development of the Cascadura gas discoveries, which the Company anticipates initial production of approximately 100 mmscf/d of liquids rich gas and 2,200 bbls/d of condensate. Touchstone is currently completing our testing at Chinook-1 and expect such gas production to be added via pipeline to the Cascadura facility."................
pro_s2009
15/7/2021
02:34
Some nice snippets in here : https://trinidadexpress.com/press-releases/touchstone-exploration-begins-seismic-survey/article_0ac94cd4-e4c0-11eb-af1c-038f2549aacd.html ...........Speaking at the site of the seismic survey, Minister Young said he spent an educational day touring and was pleased to see the first seismic being performed onshore since 2016, "These are very exciting times with a lot of prospects and a lot of hope for success, especially on the gas side. We at the Ministry of Energy will continue working with Touchstone. The Company is a critical factor in us going forward and providing gas production and showing it can be done."........... ........Paul Baay, Touchsone’s President and Chief Executive Officer, said “in the last two years the Company has successfully drilled four explorations wells to the Herrera sands in the Ortoire Block, and all were deemed discoveries. These are namely Coho-1, Cascadura-1ST1, Chinook-1 and Cascadura Deep-1. Touchstone has signed a key gas sales agreement with the National Gas Company for the purchase of all gas produced from the Ortoire Block. In the coming months, the Company is anticipating to bring online our first gas discovery – Coho-1 at approximately 10 mmscf/d. In addition, we are working closely with stakeholders to complete the Environmental Impact Assessment for the development of the Cascadura gas discoveries, which the Company anticipates initial production of approximately 100 mmscf/d of liquids rich gas and 2,200 bbls/d of condensate. Touchstone is currently completing our testing at Chinook-1 and expect such gas production to be added via pipeline to the Cascadura facility."................
pro_s2009
15/7/2021
01:25
A general difference between an investor and a trader is the investor knows the fine details, the trader simply looks for big numbers (without the detail). For example: . TXP has proven reserves. Flow tested and independently certified. Look at how many companies on AIM cannot do flow tests, they talk of "shows" and how good it all might be......but do they have commercial flow tests ? Nahhhh of course not. PRD is the latest one to bluster how good their drilling results are, even though its commercial failure. 88E has a history of doing this. PANR did it in Texas and now doing it again in Alaska. They all waffle but do not deliver commercial flow test results. TXP has not fully tested Cascadura Deep-1, therefore a lot of the net pay there will not move into being proven reserves until a later date when its flow tested. TXP is onshore and cheap to get into production (people happily try to compare offshore gas prospects with TXP onshore success). Offshore requires massive capital costs to develop. The current share price of TXP is depressed as there is a 9 million share short on it, that short has to close. Successful Cruse news (this week or next) would help turn sentiment to the more positive and then Royston kicks in. Given TXP has proven reserves worth 150p a share, and is currently under 100p.......it becomes a "free ride" for any speculators now to buy TXP and wait for Royston results. Provided you buy with real money and are prepared to wait 12 months, you will see 150p and more regardless of Royston result imo. So yes, its a free ride now, you can be exposed to Royston, basically on a 12 month view you will get 50% share price rise as a minimum if Royston is a duster, and you will get all the upside if it comes in good - and then - if your holding in 12 months - you also get Phase 2 of the exploration drilling which includes the gigantic Krakken prospect. 200p takeout would be daylight robbery...... If Royston is a success, there is no way anyone would be able to buy the company for less than 400p a share. I still expect to see 500p share price by Dec 2022.
pro_s2009
14/7/2021
23:12
Hopefully no need for any Shell takeover, this is cheap exploration and there's hopefully a long successful story infront of us with the Ortoire, following this amazing 'opening quarter' through the pandemic. I believe PB has delivered an will continue to deliver as we expand. Massive thanks to Xavier Moonan too, proving he's more than capable in his role with the detailed Twitter posts with the analysis of his work ":^)"Opening quarter" been from the initial coho strike to where we are now.Might be opening eighth...Might be opening 16th...
inthemix
14/7/2021
21:59
I'm exceedingly pleased that I've drawn holders out of their shells. Yes, of course, TXP is worth more than £2 and with this recent publicity more investors will be aware of the hidden value within TXP. Sturm2 and herman007 are absolutely correct in saying that TXP is worth a lot more than £2. I happen to agree with them and know that the future here is looking remarkably good. I continue to hold and remain very confident.
chessman2
14/7/2021
21:07
Assuming the Cruse comes good? Then it opens a whole new tier of cheaper drill prospects on the exploration and historic ground. So while the initial Cruse at Chinook might be modest it may well uncork another 10, 20, 30 or more new targets. It will take months for the market to work this out and many more before it gets priced in. Let’s hope it delivers. Fingers crossed!
davidblack
14/7/2021
21:03
If the Minister is saying August then it’s going to happen in August, plus maybe a couple of days at most. Upwardly mobile politicians don’t give that sort of deadline unless it’s in the bag.
davidblack
14/7/2021
20:29
Depends how quickly Coho can get monetized. Until an agreement is reached regarding the end pipe delivery point, that will weigh on sentiment. Cascadura looks to be a year away at least (in my opinion - others disagree).
the_gold_mine
14/7/2021
20:29
2 pounds, hehe. Just look at how much the share moves now and how small the volume is. Then imagine picking up 5% - hardly possible even now <1,5£ What people seems to forget regularly is that we have no significant major shareholders. It's just impossible to accumulate any serious, respectable "overwhelming" share... of the shares... on this side of 5£, possibly 10£. A lot of us PIs have significant holdings and even better patience. Personally I'm not leaving TXP until I know what Kraken holds - it's likely huge and there's got to be oil on the upper part of that pool. I hope to reach 20 CAD - that includes paid dividends though - and I absolutely dont care if it takes 5 years. As Herman007 mentions, there's no shortage of big and bigger prospects. Also IMO forget about shell. What did they acquire last? Read up on their strategy - they're simply not going to buy into a mixed O&G exploration company. They'll hardly be able to drill "just" after oil. They expect oil production to drop by 1-2% per year and there's no now exploration from 2025. Pure gas - maybe. Mixed bag of O&G including exploration - hardly. They want to (/are being forced to) reduce their carbon footprint - acquiring TXP doesn't fit into that roadmap and it's IMHO so last decade to think Shell will buy TXP (unless perhaps if TXP finds several TCF gas and no oil; and then it certainly will not be @ 2£).
sturm2
14/7/2021
19:57
Given that the current assets are worth 150 and Royston is is potentially as big as as current assets, I would be very disappointed if a successful Royston only got us to 150.But the market is a hard mistress so, who knows...
soggy
14/7/2021
19:57
The shareprice was 3 cad before the incident at Chinook. The fall to 1.35 was not based on math but frustration, lack of trust and delays. A fall to 2-2.30 would have been more understanable. If Royston comes in as a 1 tcf, I dont understand why we should not see at least 4 CAD/2.3 pounds. At some point confidence will be restored and then this should be reflected in the valuation. At 3 CAD, people were expecting 6-7 CAD if Royston comes in at 1 tcf, now it seems expectations are significantly lower.
herman007
14/7/2021
19:33
What price everyone expecting on Royston success? 130-150p ?
mynameiskhan
14/7/2021
19:10
2 pounds? I respectfully wonder if you are out of your minds? Please remember that Royston can be a bigger discovery than the total discoveries to date. Krakken can be 2-3x bigger than Royston. In addition there are about 20 additional targets, plus the addition of new targets in the future. Lets also not forget the oil discovery at chinook which could have significant potential. Why take 2 pounds now when 8-9 pounds within 24-36 months is a reasonable possibility? It seems people have lost some of the optimism due to these extreme delays and the incredible mistake that was made at Chinook.
herman007
14/7/2021
18:00
Eyeore2, just the type of response that I like to see. The future here is looking good and getting better and better!
chessman2
14/7/2021
17:49
As Paul Baay mentioned in a PIWorld interview, Shell would not necessarily be the only bidder. As such, i doubt we will be walking away with just £2 given discoveries to date and the potential to come. Whereas brokers value on a sum of parts with little for potential prospects, those in the business have a different perspective.
eyeore2
14/7/2021
17:05
Hhmmm! 2 pound today...or in 18 months ? There is an easy enough answer to that dilemma!
rabblrouzr
14/7/2021
16:55
Bernie, if Shell do hear that message they could be tempted to jump for us sooner than we would like. I should imagine a bid of £2 would win the day whereas the TXP share price will probably reach that level anyway within 18 months!
chessman2
14/7/2021
16:36
Thanks! It's been great to see the new energy minister priorities TXP in his schedule and then follow it up with so much PR. It's exactly what we need and sends out a clear message that he's backing this horse and hopefully Shell and others here that loudly! Good day today !
bernieman
14/7/2021
16:28
Short video of Stuart Youngs Touchstone field trip includes a couple seconds of Chinook flare https://www.facebook.com/Stuart-Young-796866243709039
captainfatcat
14/7/2021
13:52
Gas demand is going to keep marching upwards....... T&T will want more and more for those LNG trains......as will Shell and the others....... I still think Shell might come in with a bid for TXP once Royston is drilled and tested, I hope not, but fear they might try a sneaky raid year end of early next year. https://www.wsj.com/articles/record-natural-gas-prices-give-power-markets-a-jolt-11626168995 .
pro_s2009
14/7/2021
13:46
Video done by the Minister during his visit to Touchstone. He posted it on his Facebook page. Link below: https://www.facebook.com/796866243709039/posts/4298262726902689/ He was at the Coho site, but said things "really start to flow in 12 to 16 months time"......which hopefully will be both Royston and Cascadura being online.....and real big flows of gas....... .
pro_s2009
14/7/2021
13:32
Shorters (not the big 9 million one - the small fries) trying to keep a lid on the price, a few 25K, 10K+15K, 10K sells going through). Which is good news, as again, given they are short some 160K at 88.3p and need to buy back below that to prevent a loss, their currently just moving their short average price upwards meaning more and more difficult to close it for a profit. Should be news on the Cruse this week, so all being well the upwards trend can continue.......with Royston spudding within 2 weeks. Hopefully the Canadians will take this for a run upwards later today.......keep it above 95p to buy and the small fry shorter is going to hurt more, and more....... :)
pro_s2009
14/7/2021
12:02
hTTps://www.youtube.com/watch?v=VAEowHLNmFQ&ab_channel=TTTLiveOnline Right at the end "Has now had 4 significant natural gas discoveries on onshore Trinidad in the Ortoire block".. Coho, Cascadura 1, Cascadura Deep AND ??? :)
king suarez
14/7/2021
10:47
Yes, same here. I have just tried twice to buy a few more but no deal. I have had to place an NT order.It feels as though we are n the move again - fingers crossed.
lord gnome
14/7/2021
10:41
cant buy nt trade only whats going on
yus777
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