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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 -0.49% 102.00 100.00 104.00 102.00 102.00 102.00 13,775 08:00:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 28.1 6.8 0.0 - 215

Touchstone Exploration Share Discussion Threads

Showing 22126 to 22149 of 23825 messages
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DateSubjectAuthorDiscuss
22/7/2021
10:22
Depends on their recommendation - they might have said use a different composition of mud, they might have said alter the balance......we dont know but its safe to assume the company are following the recommendations.
pro_s2009
22/7/2021
10:08
In which case, would it not be worth the expense to get the likes of Baker Hughes and Schlumberger in for every drill until capabilities have been achieved via experience? Rather than go through another Chinook disaster? Importing capabilities in would pay for itself in the end?
worraps
21/7/2021
22:03
Adon30..... They called in Baker Hughes and Schlumberger to investigate Chinook. There were rumours that the Barite in the drilling mud caused the issue, So they might be looking at different composition for the drilling mud and not using Barite......??? I don't think any well has ever been drilled underbalanced in Trinidad so capabilities might not be on the island....
pro_s2009
21/7/2021
19:43
Canada looking perky, $1.55 cad /90p. In fact, there seems to be a whole different mood and sentiment developing in recent days. Nice to see. Perhaps there are shorts needing to close, based on the returned positive sentiment. It all helps.
worraps
21/7/2021
19:06
DB, I bet they are pricey wells if you leave half your kit still in them. What was Royston costing again? Was it $7.5m? That’ll include the road, pad and 60 days drill though I assume. The costs will be dwarfed by the find (fingers crossed). Mud weight will be important on this one. Can someone confirm/ remind me did something happen with regards mud weight at the chinook drill that caused a problem? My brains melted with the heat so can’t recall.
adon30
21/7/2021
18:20
Yep the OL2 pad which significantly helps with permissions as no “Jungle” is disturbed. It won’t be a twin though, it just starts from the same place. Shell OL-2 was 1959 so hopefully they will have learned a bit in 60 years? Also interesting that OL-3 just south of Steelhead was drilled in 1960. Clearly Shell liked what they could see as they did OL-4 in 1965 per XM. They were all pricy wells at the time so Shell must have thought there was a prize lurking beneath.
davidblack
21/7/2021
18:20
Thanks 1domus confirmed what I thought At least the T&T construction industry won’t need to build a new road to get to the steelhead site then, otherwise I’d pencil that one in for 2024
adon30
21/7/2021
17:48
Xavier Moonan on LinkedIn has also recently posted some images about the 2D seismic gathering campaign, which are different to the twitter feed I'm not gifted to include the images here, but I don't suppose there are too many Xavier Moonan's on LinkedIn
spangle93
21/7/2021
17:35
Nice little rally before close....maybe indicative to a nice operational update RNS tomorrow morning. We all love a good news Thursday RNS.
thebull8
21/7/2021
17:17
Yes Steelhead will be drilled from OL2 pad Yes Cas B and Cas C are sites that will be development well centres..likely 4 wells on each BW9 is an old wellsite that may be used to drill updip Chinook in the future.
1domus
21/7/2021
15:13
So will steelhead be from the old OL2 pad? Just hope that txp have none of the issues that shell had drilling this area and probably why the Canadian heavy rig has been bought in. The CAS B and CAS C locations marked on the map are they proposed Txp locations or other old drills? Also a BW 9 marked. is that balata west 9 location?
adon30
21/7/2021
15:07
Oil rocketing today
che7win
21/7/2021
13:21
Xavier posts very interesting, exciting times....
che7win
21/7/2021
13:07
Looks like the new seismic has helped again confirm the Monster, the Krakken......
pro_s2009
21/7/2021
13:01
Excellent thread (series of tweets) by Xavier on Twitter just now. https://twitter.com/MoonXav/status/1417812155236225024 Worth a read.
pro_s2009
21/7/2021
11:19
Yes buffy, I should have said "flows at levels which would be commercial, if the resource size is large enough to offer a decent ROI for the development costs", as opposed to flows commercially. Anyway, they will not know the size of the Cruse until they pull the pressure recorders, if thats what they are doing, and so, they may not be able to comment on the Cruse until such time as the recorders are out, the pressures known, the flow rate known and the size of the structure known. At that time it may, or may not, be deemed commercial - and at that time - if it is commercial - it will have a bearing on the value of the company - being increased - and so an RNS will have to come out. That might be 4 weeks away. Likewise, if its not commercial, it will have no bearing on the companies valuation (as the Cruse is valued at zero, and so, no RNS is required)
pro_s2009
21/7/2021
11:03
Hi Pro, A very good summary of the early to mid cycle of a hydrocarbon exploration company (or at least a successful one). You missed off the next stage which sees a plateau in the share price of varying length and then the decline. In the case of TXP, as you rightly say, there are so many targets that the climb will likely be prolonged. Well, until we sell it anyway. The only thing I’d comment on is your statement ‘ We may see this with the Cruse news.....there would be perhaps no point saying it "flows commercially" if later they said "pressure build up data suggests its too small to commercialize".̵7; You only announce commerciality once! OK, in the case of developments going wrong, such as at Seven Heads, you are effectively revising the commerciality of the project, but at the pre-production stage, you don’t and shouldn’t see the mistaken announcement of commerciality. In an honest company at least. By the way, don’t feel sorry for Paul Baay. He was totally in the wrong to scream DISCOVERY at Chinook. Ok, he was, as it turns out correct, but not how he described it. The big question that most seemed to have relegated to the mental filing cabinet, is at what stage we sell the company. It’s never going to be the right time for some, as there are always going to be some potentially large targets to go for. Many people don’t seem to see it from a buyers side though. There has to be plenty of meat left on the bone. Before another wag beats me to it...I’m obviously not talking about dinosaur meat. That’s how we’ve got the hydrocarbons in the first place. Hopefully I haven’t opened a can of worms with the geologists.. 🤣 Buffy
buffythebuffoon
21/7/2021
10:34
Goldmine it was being moved on Monday so it should be at the site this morning but that’s not confirmed by having sight of it on the location. It’s a public road so there are no issues. If I get a firm confirmation I will IM you.
davidblack
21/7/2021
10:13
There is a question-mark after that text TGM. So unless it has just been edited it would appear to be obvious. Whatever, I have decided to add here today. I am hoping that the new "reserved" reporting from TXP will have its benefits as we move forwards and we are due some movement in the price. I just hope it is upwards! GLA.
lauders
21/7/2021
10:10
DB:- is your statement "Royston drill now at the site?" a question or a statement? If so where is your source.
the_gold_mine
21/7/2021
09:35
Royston drill now at the site? Once set up 60 plus days to 11,500, so say 30th of September at TD. This is the first drill hole of 2021. The new rig will be there shortly warming up on some near surface targets, so this may be the last hole being drilled with the old rig?
davidblack
21/7/2021
02:23
We would all welcome that Pro! On the communication front I think that all news should be released, just as long as it is accurate/correct and they don't jump the gun. That way everyone has the correct information and they are transparent. Transparency is the key surely? If, on the other hand, they release news (per recently) that is issued too early and then is amended later owing to additional data we end up where we are now share price-wise. I am all for them delaying the news to make sure when necessary, but please give us all the news and let the market decide whether it is price sensitive or not!
lauders
21/7/2021
02:18
Providing that Royston is a success, I would expect TXP chart to look something like this in future.
pro_s2009
21/7/2021
02:07
herman007 all stocks go through the "moving to production" stage of the share price cycle. This is shown in the picture below and is very common. The initial discovery is sold into as people take profits and the "boring" moving to production phase commences and then the share price rallies again as production nears and then production starts and dividends commence. The difference with TXP is its not a single asset play........most junior oilers have just 1 or 2 plays. Its win or lose. TXP is quite unique in thats its multi-faceted, there is oil production in the South West. There is Coho discovery and going into production in a couple of months. There is Cascadura going into production next year. There is Royston-1 to be drilled this year. There is Steelhead and Guabine and Krakken to be drilled next year. There are more oil wells to be drilled in Q4 in the South West and a "deep" test well there as well. It is a mixture of production and BIG exploration targets - for me its the "perfect storm" as you have risk minimised by proven flow tested certified reserves and ongoing production and that is mixed with high impact exploration. It is always during this "transition" period to production (in this instance the transition to significant Cascadura production cashflow) that people take profits, the company is called all the names under the sun by those that sold - there is an effort to disparage anyone from buying - shorters short the profit taking - but everyone knows, whether they admit it openly or not - they want to be holding this stock before the big rally into the production commencing phase. And in the case of TXP I would expect a big Q2/Q3 rally in 2022 as people take their positions to not only get in for Cascadura big production numbers, but also getting in ahead of Steelhead/Guabine and the massive Krakken exploration wells - which by that time TXP will be throwing off cash left, right and center from Cascadura and moving to paying decent dividends in 2023 - on top of which they will still have around 20 more exploration targets to drill in Ortoire and over 200 well locations to drill in the South West - plus any new "deep" targets at Coora. The chart below is "standard" for a single asset company, in the case of TXP I expect some similarities but a major "lift off and no looking back" at some point in 2022.
pro_s2009
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