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 Shares Traded Last Trade
  -3.50 -4.73% 70.50 344,953 14:00:02
Bid Price Offer Price High Price Low Price Open Price
69.00 72.00 74.00 69.00 74.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.91 8.51 1.76 36.8 149
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:20 O 1,318 71.30 GBX

Touchstone Exploration (TXP) Latest News

More Touchstone Exploration News
Touchstone Exploration Investors    Touchstone Exploration Takeover Rumours

Touchstone Exploration (TXP) Discussions and Chat

Touchstone Exploration Forums and Chat

Date Time Title Posts
02/7/202216:15Touchstone Exploration31,973
30/6/202217:41Touchstone Exploration - Production and High Impact Exploration101
14/5/202201:45Touchstone Exploration - TXP - Charts and more...135
09/11/202109:41Touchstone Exploration - 2014 - A new dawn893
06/9/202115:40TXP - Further Exploration1

Add a New Thread

Touchstone Exploration (TXP) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Touchstone Exploration trades in real-time

Touchstone Exploration (TXP) Top Chat Posts

Touchstone Exploration Daily Update: Touchstone Exploration Inc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TXP. The last closing price for Touchstone Exploration was 74p.
Touchstone Exploration Inc has a 4 week average price of 68p and a 12 week average price of 68p.
The 1 year high share price is 160.50p while the 1 year low share price is currently 68p.
There are currently 211,374,027 shares in issue and the average daily traded volume is 490,022 shares. The market capitalisation of Touchstone Exploration Inc is £149,018,689.04.
sleveen: spawny you may not wish investors to lose money but a reasonable man on the Clapham omnibus might form a view in relation to negative BS posts: "spawny100 - 27 Jun 2022 - 11:00:46 - 31803 of 31858 Touchstone Exploration - TXP Targeting full production in August 2022 - given the missed targets to date it's no surprise that the market appears not to believe this one either. spawny100 - 27 Jun 2022 - 10:38:16 - 90 of 101 Touchstone Exploration - Production and High Impact Exploration - TXP Oof 90k at 66p. Seems a lot of people have understandably had enough and want out. What a disastrous couple of years for the extremely patient shareholders. spawny100 - 27 Jun 2022 - 10:35:03 - 88 of 101 Touchstone Exploration - Production and High Impact Exploration - TXP Yes it was last year too and you were one of the loud ones ridiculing it as a target if I recall? spawny100 - 27 Jun 2022 - 10:31:26 - 85 of 101 Touchstone Exploration - Production and High Impact Exploration - TXP Wasn't 57p the much laughed at target that stupmy suggested in September 2021? spawny100 - 27 Jun 2022 - 08:46:58 - 31787 of 31858 Touchstone Exploration - TXP Yes agree. I've always said I didn't think there was any chance of Casca in 2022 but was widely ridiculed and rounded on for my pessimism/realism. spawny100 - 27 Jun 2022 - 08:05:39 - 31780 of 31858 Touchstone Exploration - TXP The 10k seller looks to be popping them out already. Will be in the 60's soon after more delays. Let's face it the low ball targets were the same BS at that time.
pro_s2009: herman, Coho is peanuts........even PB recently said Coho online or not does not make much difference to plans. EIA approval is one thing.........Cascadura being online is another. Coho had approval for what ? 2 years.......still not on line. When Cascadura nears being online is when it adds real value and share price excitment. EIA approval everyone is taken for granted already, the delay to it is delayed the cash, is delaying the drilling........the longer the delay......the more drift of the share price. Royston sidetrack is the next "meaningful drill" and most likely not until late Q4 2022 now...thats a long way away still.
pro_s2009: I got quite a few down votes after selling out and saying I expected to see 75p. And yet, 75p has now been passed on the downside. Dont think this is the bottom yet, I think when people realise that Cascadura wont be online full production until into 2023 imo and everything is held up, TXP share price might dip into the 60's - even the 50's is possible but, perhaps, not so likely.
lazarus2010: herman00723 Jun '22 - 16:31 - 31688 of 31717 I agree, but there are those that think the extra $500k per month is going to have a dramatic effect on the share price Clearly it will be Casc wells starting production that will hopefully have the desired effect on the share price Irony is, TXP have never been in a better position than now, and yet we're seeing possibly 2 year lows due mainly to the markets. - Revenues possibly at record levels due to the PoO and will be for the foreseeable future - Coho on line imminently ;-0 - EIA should drop any week now. - Long lead equipment on its way to Trin and construction to commence following EIA approval and mobilisation of all workforce and equipment - More wells to be drilled Absolute bargain for a long term buy, but where is the bottom?
junky monkey: Touchstone had a deal to do the Coho pipeline with Shell, and is responsible for the Coho pipeline. NGC will buy the pipeline from them when it is finished. So Coho is squarely and firmly TXP responsibility. This task has been FUBAR'ed deluxe, which is why all the criticism lately has been directed at TXP directly. We don't know what the deal is for Cascadura, but it seems like this will be NGC responsibility, although I would hope there would be some involvement from TXP, or maybe not. I don't know which is better actually, but I hope they don't use A&A for this, they suck. Paul has indicated that NGC will be done with the Cascadura pipeline before TXP is done with the plant for Cascadura, so we can just hope that TXP will have more control over this simple well site facility construction than they have had over the Coho pipeline. The whole gang down there should be embarrassed by how little they accomplished over such a long time frame. A gang of monkeys with typewriters will eventually write the bible with random keystrokes, but it may take awhile. We're not in Africa, but it sure feels like we are.
herman007: Junky Monkey: I do not have your background, but I agree with your observations. Why dont you offer your services to TXP? Its clear that they are destroying massive amounts of shareholder value due to mismanagement of the operations and the extreme underfinancing of the company. Being paralyzed in a 120 dollar oil price regime is an epic failure. Having gotten that off my chest, I still believe in Coho and the EIA in June. Anything else would just be stupidity beyond belief. The good news is that the market does not believe it, so if it happens the share price should see a nice 50% increase. That is still a very low share price considering the potential. When we were at levels 100% above the current valuation, the oil price was what? 60 USD? And that was pre Royston and the massive boom in O&G shares.
pro_s2009: Personally I dont see a big uplift in the share price when Coho comes on line (this month allegedly). Seems to be far too many people hanging on for Coho, that they will sell into the news and the share price will likely go up and straight back down again with their selling. A bit more concerning is the EIA approval for Cascadura, over 2 weeks have passed and still not approved. We are into June. We were promised September production if EIA approved by end of April. April is gone. May is now gone. This pushes Cascadura production to now be November (last promise was by mid Sept to mid October) at the earliest. Quite a let down really, while 2023 will look extremely exciting with Royston Deep and Krakken and potentially Steelhead (or Bass or Guabine), its looking like 2022 is going to be a real damp squib. Likely TXP is a counter trade now....2022 buy oil and gas producers who are literally printing money.......2023 as energy prices come down, buy TXP as their fixed price is solid and their production will be rising fast.
holdandhope: Herman. Clearly there is little interest from buyers until TXP start delivering some positive news and new production. Low volumes, but clearly sells from the bored and/or impatient outweighing buys enough to have the market-makers move the share price down persistently to maintain a market. Let's hope the positivity from the past weekend's investor conference translates in to confirmed good news by the end of June at the very latest and signals the re-start of progress and sustained positive newsflow. It's been a very long and painful wait, particularly given the opportunity cost in other O&G shares. The share price can move quickly in the other direction if positive news on production and significant new and sustainable cashflow starts coming...and regularly.
mount teide: Some have been holding TXP since summer 2017.....after which the share price went largely sideways for over 2 years........ until the Ortoire Exploration drilling campaign commenced. The two year wait to put the first Ortoire discoveries into production are likely to deliver a similar share price response from the market once the cash flow starts hitting the bank account.
mount teide: Big oil unfairly getting the blame for gouging at the pump ! Sorry, But for You, Oil Trades at $250 a Barrel - Javier Blas / Bloomberg 'If you are the owner of an oil refinery, then crude is trading happily just a little above $110 a barrel — expensive, but not extortionate. If you aren’t an oil baron, I have bad news: it’s as if oil is trading somewhere between $150 and $275 a barrel. The oil market is projecting a false sense of stability when it comes to energy inflation. Instead, the real economy is suffering a much stronger price shock than it appears, because fuel prices are rising much faster than crude, and that matters for monetary policy. To understand why, let’s examine the guts of the oil market: the refining industry. Wall Street closely monitors the price of crude, particularly a grade called West Texas Intermediate traded in New York. It’s a benchmark followed by everyone, from bond investors to central bankers. But only oil refiners buy crude — and therefore, are exposed to its price. The rest of us — the real economy — purchase refined petroleum products like gasoline, diesel and jet-fuel that we can use to run cars, trucks and airplanes. It’s those post-refinery prices that matter to us. hTTps:// Typically, the price of crude and the price of refined products go up and down in tandem, almost symmetrically. What’s in between is a refining margin. In normal times, WTI is a handy price shorthand for the entirety of the petroleum market. So when, say, U.S. Federal Reserve Chairman Jerome Powell looks at WTI, he gets a neat picture of the whole energy market. But we aren’t in normal times. Right now, the traditional relationship between crude and refined products is broken. WTI is anchored around $100-$110 a barrel, suggesting that — in barrel terms — gasoline, diesel and jet-fuel prices shouldn’t be much higher, once you add the average refining margin. In reality, they are a lot more expensive. Take jet-fuel: in New York harbor, a key hub, it’s changing hands at the equivalent to $275 per barrel. Diesel isn’t far away, at about $175 a barrel. And gasoline is at about $155 a barrel. Those are wholesale prices, before you add taxes and marketing margins. What’s changed? Refining margins have exploded. And that means energy inflation is far stronger than it appears. Oil refineries are complex machines, capable of processing multiple streams of crude into dozens of different petroleum products. For simplicity’s sake, the industry measures refining margins using a rough calculation called the “3-2-1 crack spread”: for every three barrels of WTI crude oil the refinery processes, it makes two barrels of gasoline and one barrel of distillate fuel like diesel and jet-fuel. From 1985 to 2021, the crack spread averaged about $10.50 a barrel. Even between 2004 and 2008, during the so-called golden age of refining, the crack spread never surpassed $30. It rarely spent more than a few weeks above $20. Last week, however, the margin jumped to a record high of nearly $55. Crack margins for diesel and other petroleum products surged much higher. There are four main reasons behind the explosion in refining margins. First, demand — particularly for diesel — has rebounded strongly, depleting global inventories. In some markets, like the U.S. East Coast, diesel stocks have fallen to a 30-year low. Despite rising prices and fears of an economic slowdown later this year, oil executive say they see strong consumption for now. “Demand is not that easily destroyed,” Shell Plc Chief Executive Officer Ben van Beurden told investors last week. Second, the U.S. and its allies have tapped their strategic petroleum reserves to cap the rally in oil prices. That has provided extra crude, which has put a lid on WTI prices, but it hasn’t addressed the tightness in refined products. Only a small fraction of the emergency release is in the form of refined products, and only in Europe. Third, and perhaps most importantly, refining capacity has declined where it matters for the market now, and the plants that are operating are struggling to process enough crude to satisfy the demand for fuel. Martijn Rats, an oil analyst at Morgan Stanley, estimates that outside China and the Middle East, oil distillation capacity fell by 1.9 million barrels a day from the end of 2019 to today — that’s the largest decline in 30 years. The downward trend started well before the pandemic hit, as old Western refineries struggled to compete, environmental regulations increased costs and the unfounded fear of peak oil demand amid the energy transition prompted some companies to close plants. The fuel-demand collapse triggered by Covid-19 only turbo-charged the trend, resulting in dozens of refinery operations shutting down for good in Europe and the U.S. in 2020 and 2021. New capacity has emerged in China. However, Beijing tightly controls how much fuel its refiners can export so that capacity is effectively out of reach of the global market. “Has the oil market hit the refinery wall?,” Rats asked in a note to clients last week. “Unusually, the answer appears to be yes.” Fourth, are the sanctions and unilateral embargos — also known as self-sanctions — on Russian oil. Before the invasion of Ukraine, Russia was a major exporter not just of crude, but also of diesel and semi-processed oil that Western refiners turned into fuel. Europe, in particular, relied on Russian refineries for a significant chunk of its diesel imports. The flow has now dried. Europe not only needs to find extra crude to produce the diesel and other fuels it’s not buying from Russia, but, crucially, it needs the refining capacity to do so, too. It’s a double blow. Oil traders estimate that Russia has shut down 1.3 million to 1.5 million barrels a day of refining capacity as result of the self-sanctions. Who’s benefiting? The pure-play oil refiners, which are quietly enjoying record-high profit margins. While OPEC and Big Oil get the blame, independent refiners are cashing-in. The sky-high crack margins explains why the share prices of U.S. refining giants Marathon Petroleum Corp. and Valero Energy Corp. have surged to all-time highs. The longer the refiners make super-profits, the harder the energy shock will hit the economy. The only solution is to lower demand. For that, however, a recession will be necessary. '
Touchstone Exploration share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220702 17:23:54