Touchstone Exploration Share Discussion Threads

[11_percent] 13/8/2021 08:04

Dunderhea,

You are an idiot....a complete idiot...

[che7win] 13/8/2021 08:03

Yes, Need more details Coho.Good progressive update today, it's all to play for next year, seismic changes to come and cash flow transformation....we have a clear pathway to this.

[dunderheed] 13/8/2021 08:02

11%, "Balls deep" care to give some form of materiality.
I'm pretty sure I have far more invested than you.
However I'll ignore your "interesting" posts as I had done previously, so we can call it a free bb truce.
I do get scared of capitals and free bb hard men, lol.

[pro_s2009] 13/8/2021 08:01

Dont expect anything to happen today.

If you did not buy yesterday then nothing has changed to make anyone buy today in that news.

Everything said was pretty well known, so nothing changes.

The only thing that changes now is..........Shorters start to close OR Royston-1 drilling news.

So it might be a boring 2 months ahead, but something will give way in October - until then - enjoy the holidays.

[11_percent] 13/8/2021 07:58

T_G_M,

Good point.....but I am hopeful.....my take is PB would say that if there was not chance of it happening.

2 mins....to go...

[the_gold_mine] 13/8/2021 07:52

Che7win... That's what I didn't like, obviously good news on Royston, but Coho sounded effectively in the same position as previous updates.. Awaiting decision to drop the pipe into the ground.

Maybe it's just me being pessimistic.

[pro_s2009] 13/8/2021 07:52

che7win, still a hope at the moment, pending final agreement.

[adon30] 13/8/2021 07:51

Oil production held higher than I expected and with oil prices where they are made a nice cash return. That was one of my worries in the Q2 report.

Chinook still ongoing. Already not part of share price so good or bad won’t make a difference.

Most of the rest we know or knew about. With confirmation of debt facility continuing.

All looks a very stable ship

[dunderheed] 13/8/2021 07:48

I've been rational based upon the facts at hand.
Got one of your 11% "bets" to close matey?
Ffs.

[11_percent] 13/8/2021 07:47

kaos3,

These guys always have inside info......but, what we know for sure is, they cant know the Royston drill outcome.....

[che7win] 13/8/2021 07:46

The 4 well drilling programme hopefully results in us getting another minimum 600bpd and overall 2000+ bopd in are legacy western oil fields.That would add another $1.4m dollars plus cash flow to current quarterly income which will be useful.They say Coho pipeline they expect to start laying next month - is that a hopeful statement or definitive agreement?

[kaos3] 13/8/2021 07:45

If I was a shorter now - without any inside info - I would hope for the general market correction (either stock market, POO, COVID) to help me. I would wait for Sept Oct time span before acting further

[11_percent] 13/8/2021 07:45

Dunderheed.....please add some rational posts and stop just slagging other people off.....so far you have contribute nothing.....stop clogging up the BB...

[dunderheed] 13/8/2021 07:42

21168, of course you can 11%. It simply depends on the price you are willing to pay? Are you not aware of supply and demand?

NGMS, not sure but hardly "world class", ffs, lol.

[kaos3] 13/8/2021 07:41

I can not believe they are able to miss match future cash flow and debt duration. One would need an IQ bellow zero. I do not worry. Specially because they are going kind a slow and thought out in their operations.

[11_percent] 13/8/2021 07:39

Ok.....the question now is......can we get some shares at the open......

[dunderheed] 13/8/2021 07:39

11% dont cement others perception of your ignorance matey, we know pro hasn't really a clue on this and take their respective ramps as just that, as pro does add (some) value elsewhere, not seen any from you, except bizarre interpretations of RSI. FFS..

[che7win] 13/8/2021 07:36

thebull, they used net cash of just over $4million in the quarter due to exploration activities.To summarise, their operating business is nicely cash flow positive, they can juggle exploration expenses and they can tap into remaining credit facility which I expect them to do before year end.Key statement:We remain confident that our available credit facility capacity combined with anticipated funds flow from operations will be sufficient to complete our budgeted four well development program as well as drilling Royston-1, one of a number of milestones that we forecast to achieve in the second half of 2021 as we conclude the first phase of our Ortoire exploration program."

[ngms27] 13/8/2021 07:34

Looks like Chinook at the current location is a write off.

[11_percent] 13/8/2021 07:33

Its better than the "hedging theory".....ffs.....

[pro_s2009] 13/8/2021 07:32

Stock On Loan from CREST is shorting.

If it was a Hedge, where is the TR-1 notification ? There is none, therefore its a short.

[dunderheed] 13/8/2021 07:29

Or it is part of a hedging strategy and may well be released over completely different time lines, ffs, let's give the shorting "theory" a rest.