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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% 123.00 121.00 125.00 123.00 123.00 123.00 5,733 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 28.1 6.8 0.0 - 259

Touchstone Exploration Share Discussion Threads

Showing 22251 to 22272 of 24700 messages
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DateSubjectAuthorDiscuss
30/7/2021
08:12
Explanation of 2D seismic new to me @26mins.
sleveen
30/7/2021
07:56
Just to confirm what I have been posting.........from the slide in the presentation by Xavier...... 2022 Production Target 15,000 BOEPD by year end.
pro_s2009
30/7/2021
07:43
Xavier did a presentation to the AAPG Young Professionals T&T yesterday, introducing Touchstone to them. Quite interesting, nothing "price sensitive" but very interesting all the same. https://scontent.fsub5-1.fna.fbcdn.net/v/t66.36281-6/10000000_271123308115938_4544485508296668576_n.mp4?_nc_cat=111&ccb=1-3&_nc_sid=985c63&efg=eyJ2ZW5jb2RlX3RhZyI6Im9lcF9zZCJ9&_nc_ohc=b7xW0NEq4lYAX_t0cBf&tn=8Ofst-2ETbjHoNh0&_nc_ht=scontent.fsub5-1.fna&oh=1b01ba3aa5476a42321396215a4c8288&oe=6107E045 Starts about 5 minutes in.......
pro_s2009
30/7/2021
07:43
Xavier did a presentation to the AAPG Young Professionals T&T yesterday, introducing Touchstone to them. Quite interesting, nothing "price sensitive" but very interesting all the same. https://scontent.fsub5-1.fna.fbcdn.net/v/t66.36281-6/10000000_271123308115938_4544485508296668576_n.mp4?_nc_cat=111&ccb=1-3&_nc_sid=985c63&efg=eyJ2ZW5jb2RlX3RhZyI6Im9lcF9zZCJ9&_nc_ohc=b7xW0NEq4lYAX_t0cBf&tn=8Ofst-2ETbjHoNh0&_nc_ht=scontent.fsub5-1.fna&oh=1b01ba3aa5476a42321396215a4c8288&oe=6107E045 Starts about 5 minutes in.......
pro_s2009
29/7/2021
15:53
https://www.facebook.com/100057252079362/posts/294226822495718/
galarse
29/7/2021
12:36
Wait two weeks and once the white boards are up, coffee installed and it will be nice an untidy just like a real geologist lair. Also add muddy boots! Ironically this is very important as it sends a message to the locals that TXP is there for real and not just occasional visitors in their fancy pickups from the nice towns far away. Planning, problem avoidance and simply getting things done will all improve.
davidblack
29/7/2021
10:45
Haha Maxxy, are you fishing for a reaction? Bored today?
inthemix
29/7/2021
10:39
No gains what so ever, with hardly any news in sight. I'm waiting for 60 ;)
maxxy1
29/7/2021
10:22
Coho will be here shortly and that should change the tone significantly. Also the NGC will be desperate to get Cascadura flowing and they have made a huge error supporting Atlantic train 1 to the tune of $250m and now it appears to be being mothballed. They need so good news and some cashflow.
davidblack
29/7/2021
10:02
Well. I hope you're right pro and it's that straightforward Will be great for all of us to watch the short covering when it does! Lol
herschel k
29/7/2021
09:51
This is the 2020 year end Reserves Report that they currently can borrow against. https://www.investegate.co.uk/touchstone-explrtn.--txp-/rns/2020-year-end-reserves---operational-update/202103050700043095R/ However this does not include Cascadura Deep, as it was tested and verified this year. Paul has said they will wait until after Royston is tested and then do an updated Reserves Report Q4 this year. So that will see a massive jump in the 1P reserves, to be borrowed against if they desire even if Royston fails, as it will include Cascadura Deep for the first time.
pro_s2009
29/7/2021
09:46
They now have large certified and independently verified Reserves to borrow against that they did not have before. If they cannot get a good Reserve Based Loan agreement based on the new enlarged reserves report, then serious question marks. Perhaps they are simply waiting for the new Reserves Report (due later this year and to include Cascadura Deep and hopefully Royston) before they go for RBL. Its very likely this is the game plan as Paul has intimated there will be a Reserves Update "after" Royston is drilled and tested later this year, so......we wait and see if they want an even bigger Reserves level before they approach the banks. Coho will be online soon, you will soon start seeing photos of the pipe being laid.
pro_s2009
29/7/2021
09:39
ProYou're assuming they can agree the same terms they currently have.They haven't produced anything from Coho yet.......H
herschel k
29/7/2021
09:21
At the behest of requests, couple of pics of the rig on the way to, and being set up at, Royston.
pro_s2009
29/7/2021
09:15
The first payments on any debt are easily deferred. They can borrow now with first payments due late in 2023....thats very simple and straight forward. Their first payment on the loan taken out in 2020 is Q3 2022. If they took a loan out now, their first payment would be Q4 2023, so its very simple. They can easily take a loan out for 30 million US$ with first payment due Q4 2023 and that will suffice to full Cascadura and hopefully Rosyton production as well and they could clear both loans with full early payment in 2023. So, with proven, certified reserves it would be highly dubious for any equity placing to occur and not the use of debt, especially with the Minister saying he wants all the gas on line asap and is cutting red tape here there and everywhere to push for more gas online. Its a very interesting scenario and one which will end either in use of debt, or a placing or a lowball takeover offer. That 9 million short is there for a reason - its not there just for fun.
pro_s2009
29/7/2021
09:06
FGS where are the facts that this "short interest" is not just part of a legitimate hedging strategy?
dunderheed
29/7/2021
09:01
Herschel, Your point is valid, as is Pro's.The company has told us they will manage exploration according to cash flow projections, and debt funding is available.PB is acutely aware of the short interest, and I assume will be keen to blow shorters out of the water.I would say he is well aware of the games the markets play.
che7win
29/7/2021
08:46
I agree buffy Pro is missing one very important point in his analysis It's fine to say use debt funding until cascadura is online......but history tells us there are significant delays in T&T getting big assets producing. So......how do you fund that debt without the production, assuming the worst case that said production is delayed further? Answer - you can't and that's when the funders come in and take the assets for a pittance. I don't like equity raises at suppressed prices but at least they don't put the company at risk. I'm sure Pro will tell me the above is nonsense given where TXP are.......but I don't care. Good businesses don't risk quality assets by going into debt when they can't control the primary thing that will service that debt going forwards.
herschel k
29/7/2021
08:45
Of course PB will be fully aware of everything going on and all the various tactics. I trust PB to navigate those no problem. But I do think it's important that shareholders have a voice and the company is seen to listen to and acknowledge those voices. I've sent 2 emails to IR this year, plus a third asking for some reply, to which I get silence. If IR can't even send a 'no comment' reply, then the only option is to email PB direct.
bernieman
29/7/2021
08:10
Hi Pro, I honestly think you’ll achieve two things by sending an email with the comments you have said you’ll make in your last few posts. 1) You’ll give Paul Baay a good laugh. 2) Future communication with PB will not be the same as it has been. Seriously Pro, you are showing signs of not only being seriously head over heels in love with this company, but somewhat stressed. If you really think anything you have said will be either enlightening to him in any way or even slightly thought provoking then I’m afraid you have developed a false sense of importance. I am assuming you are a night worker from the timing of your posts, but if not, you really do need to get more sleep. Buffy
buffythebuffoon
29/7/2021
07:29
Thanks Pro - I think many shareholders would completely agree and back that stance. I presume any takeover would need 75% majority... which means PIs need to pull together 52 million shares between them to defend that 25% position. If you assumed the board defend that position with their own share holding, it would be interesting to see if the LTH PI's have enough shareholding to block any hostile bid ?
bernieman
29/7/2021
05:13
A hard knee to the groin...hopefully, Baay is connected to Financial Higher-ups, should it come to that. Seems we are penned-in otherwise, and the Royston 10,000 ft drill committment could be our Waterloo . Damn ! Long Term hopes vaporized...at least in this moment. Wonder what dubious connections Premier Miton has beyond his large Holding in TXP... I am a bit suspicious of Miton... and also Wright...but will say no more than that .
rabblrouzr
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