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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% 125.00 123.00 127.00 125.00 125.00 125.00 11,607 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 - 263

Touchstone Exploration Share Discussion Threads

Showing 22376 to 22400 of 24650 messages
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DateSubjectAuthorDiscuss
10/8/2021
07:07
Back to sleep.....no news.....zzzzzzzzz.......
11_percent
09/8/2021
18:34
Yup....if it is at the inspection stage.....its ready to go....
11_percent
09/8/2021
16:17
Ready for Government inspection.
ballymoss18
09/8/2021
16:02
HTTPS://twitter.com/touchstoneexp/status/1424747154766057481?s=28 Rig being erected.
davidblack
09/8/2021
15:32
They seem to have post Chinook decided to no longer baby sit shareholders by actively managing market expectations. That feels like a better way going forward? Painful for three months with the news drought but still the right approach.
davidblack
09/8/2021
14:53
@Davidblack - I don't care if the reasons are obvious or obscure, trivial or significant, when management set an expectation via an RNS and fail to deliver, it is incumbent upon them to reset expectations appropriately and provide context. At least they then evidence 'grip' which is a foundation for confidence in a company and ultimately its share price. Long term, it's irrelevant. Short term, I think we can all see the consequences.
eyeore2
09/8/2021
14:50
The Chinook testresults can be 2 weeks away. The pressure testing could according to Paul go on for about a month(this was on July 15th)After pulling the pressure recorders the final well test interpretation is typically performed. This process can take from 2 weeks and up to 6 months depending on complexity of reservoir and reservoir pressure response. Looking at Casca deep, the results were released about a week after the pressure recorders were pulled. With this in mind, it is fair to say that the Chinook results can be 2-3 weeks away. Material or not - if the results are in line with the usual Cruse wells like 200 boe, it would not be material. If the well surprises and flows way more, it will be material. But hey, this is my view. I would hope for a pressrelease anyway.
1domus
09/8/2021
14:02
Positive test results will not move the share price? That would be disappointing. Good to know that the company thinks its material and have promised to disclose the results upon completion.
herman007
09/8/2021
13:41
In the grand scheme of things it's not going to be material and thus likely to alter the share price Therefore RNS probably not required, BUT in the interests of transparency I hope they do RNS the results.
ngms27
09/8/2021
13:31
I agree. The communication and management of local operations is not up to par.First of all, the timelines were way off even before Corona. Secondly, Corona has been here for a while: Why not consider all these difficulties when drawing up a timeline? It was March/April, April, May/June/June… Now we are in August. The current guiding for Cascadura onstream is q4. I fear that PB is not only going to have to move that to January but possibly to Feb/March or even later. I also suspect that the management already knows that the q4 target will not materialize, but that they are reluctant to admit it at this stage. Today we have had some interesting discussions on the Norwegian forum. Domus1 has suggested that the Chinook test results could be 2-3 weeks away… ok, I have no clue. Furthermore, he claims that these tests (cruse formation) is not matetial news and does not need to be communicated through an RNS. I personally disagree, and the company had told me writing what they consider matetial news and that they will publish the Chinook test results as soon as they are completed. What do you guys think?Is it not material news?
herman007
09/8/2021
11:56
Talk to the T&T government who after that release issued a complete curfew for the general population. And whilst the oil and gas industry is a special exemption case, construction and support services aren’t which kills exploration. Hence why everything stopped for a month plus. It is what it is! Plus T&T folks are frighted just as we were a year ago when people started to die in numbers.
davidblack
09/8/2021
11:40
Regardless of the reasons, expectation management has been dire. The May 25th operational update stated: 'Royston location preparation has been delayed due to COVID-19 restrictions impacting construction, with the well anticipated to spud in June 2021.' It has zero impact on the long term investment case but the lack of any formal update on this prediction, as stated in a RNS, is very poor. They either can't plan or can't communicate and social media doesn't cut it as far as I'm concerned. Stakeholders deserve better from paid management as the share price has been taken for a ride for many months now and it looks like this will continue until they tell the market something tangible 'on the record'. >>> https://www.investegate.co.uk/touchstone-explrtn.--txp-/rns/operational-update/202105250700067064Z/
eyeore2
09/8/2021
10:46
The rig does not arrive in one piece. It is 40-50 truck loads. So after rig up is finished they need to test everything before green light is given from the rig owner. Rigging up is hampered by road conditions and curfew.
1domus
09/8/2021
10:12
Someone on LSE has spotted that Zea Servant has left port heading for Brazil now. So cargo unloaded... New rig probably sitting somewhere in the dock ready to be moved (if not already) so would expect a twitter/ Facebook post of it this week....
adon30
09/8/2021
07:46
But the rig has been on site for a considerable time. Even if they cant work the night shift, there should be a limited number of tasks left before the green light is given.
herman007
09/8/2021
07:31
Far to early for Royston to spud given Covid work restrictions. Another week at least.
ngms27
09/8/2021
07:28
Perhaps they really are going to use social media more for news such as that herman007. Another point is the T&T's morning hasn't started yet, so perhaps an RNS will appear later if they chose to share the information in London and Canada? Suppose news could come anytime today or tomorrow morning.
lauders
09/8/2021
07:23
Is there any reason why we should not see the spud of Royston this week? Cant think of any myself, was in fact hoping for a RNS this morning.
herman007
08/8/2021
23:07
LSE “Linton free zone” HTTPS://t.me/joinchat/HxZgUIpeALk2YmZk
davidblack
07/8/2021
11:51
Do you have the same document for Ortoire block? I heard somebody comment that BPC had a two year relief on royalty payments for their SWP fields and wondered if we had something similar?
thebull8
07/8/2021
10:12
Thanks spangle. That’s what I thought but couldn’t find any reference. Saw the royalties bit for others as well. So potentially TXP could explore the area further and then let a local operator (if they didn’t do it themselves) manage the day to day for them as per other interests.
adon30
07/8/2021
09:15
Adon, ref 21509 This was in the AIM Admission document - I assume it's still valid Primera Group holds several freehold leases with individual landowners (“Freehold Leases”) granting exploration and production rights in the following licence areas [list of 11 properties, including San Francique and Fyzabad] There are multiple Freehold Leases contained within these 12 license areas. These Freehold Leases were granted to the predecessors in interest to the Operating Companies over the past sixty years. The Freehold Leases are not in standard form, but typically provide for a term of 35 years with royalties ranging from 10.0% to 12.5% Although the Operating Companies are obligated to pay an oil import fee and remit to a decommissioning fund, there are no capital commitments, performance bonds, or similar obligations under the Freehold Leases
spangle93
06/8/2021
18:43
retsius - Euroclear defines the short interest in a stock as the on-loan quantity as a percentage of the publicly available float (free float). Euroclear's stock loan data report provides clients with aggregated lending statistics settled through the Euroclear UK & Ireland CREST settlement system on a security-by-security basis. So, if Europclear are reporting 5.3% of the Cairn stock out on loan, by their definition, that would be the short interest.
mount teide
06/8/2021
14:53
Mount Teide Hi, checking your info from 4/08, post, I see Cairn is shorted 5.3% Someone challenged me on the Cairn blog to say there was no shorts on the stock. Can you explain who is right? Many thanks, I know this is off topic, apologies in advance.
retsius
06/8/2021
12:09
Production has dropped back as Covid cut back on work overs apparently. And those which were worked over were expensive as the staff had to travel and work within the curfew limits. They are probably gearing up to get busy on work overs as soon as all the restrictions are gone.
davidblack
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