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
  -1.00 -6.15% 15.25 75,185 15:37:34
Bid Price Offer Price High Price Low Price Open Price
15.00 15.50 16.25 15.25 16.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 28.12 6.82 25
Last Trade Time Trade Type Trade Size Trade Price Currency
15:37:28 O 25,000 15.15 GBX

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Date Time Title Posts
23/7/201922:24Touchstone Exploration4,628
23/8/201817:16Touchstone Exploration 24
14/8/201810:08Touchstone Exploration (TXP) One to Watch -
10/10/201710:36Touchstone Exploration - 2014 - A new dawn891

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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 16.25p.
Touchstone Exploration Inc has a 4 week average price of 15p and a 12 week average price of 14.75p.
The 1 year high share price is 22.50p while the 1 year low share price is currently 10.25p.
There are currently 160,688,095 shares in issue and the average daily traded volume is 102,796 shares. The market capitalisation of Touchstone Exploration Inc is £24,504,934.49.
captainfatcat: I wonder just who and where are all those acolytes and followers of MT reside that keep getting referred to? The posters here you can count on one hand and that's including myself you Ross and Mark! I am also a little confused on your last post are you suggesting the share price would be higher here if it wasn't for MT's posting? I thought team Trin were making a case for the upcoming drilling campaign being the reason given for shoring up the share price and why it was bucking the down trend of other T&T oilers. But now because of MT and his followers (hello is there anybody out there) your saying it should be higher and in the 20s? As the share price is only a few mill off of Cerps I think it pretty obvious the share price is not artificially high due to investors anticipation of the upcoming drills. Volume is pretty low also which doesn't lend any support to that theory..... You cant claim one reason the share price is up then claim another that its low. Funnily enough the latest post on the Trin bb is "Trinidad Oil Sector report out today from @finnCap highlighting the strength of investment opportunities in the region - says @Trinity_PLC #TRIN's onshore portfolio offers low-cost, low-risk and predictable exploitation opportunities, generating strong cash flow for reinvestment" Well you could knock me over with a feather is that not the exact same thing TXP is doing. Yes the very thing you and Mark have been so negative and critical about in your posts here?
mark10101: MT, with someone selling 9% just prior to these ultra high impact wells could it be you have been sold a pig with lipstick.... I must say TXP has the feel of Wylie coyote about the share price atm. People getting sucked into the oink oinks may be the answer to it’s current reality defying share price. The reality is T&T is an absolutely awful place to do business (remember PB saying it is that bad they may move elsewhere....). TRIN are stuck in the same awful hole as TXP, it is just TRIN have the cash balance to cope with what is the worst possible price of oil in this fiscal regime for years to come. TXP seem to have distracted some from the reality but a 9% offload speaks volume to me. You may have read this already, don’t let the title get you excited (I was when it was published, as it may have been where they were finally going to announce a way forward for T&T oilers). It shows the measure of the politicians, Banana republic comes to mind... Http:// Now I know you will say TXP is drilling for gas and ain’t they clever as that does not get hit by SPT, however even you will admit revenue from the gas, if successful, may not come until 2020. Meanwhile you have several other high impact ultra life changing expensive wells to come, with SPT (from the core business of oil) robbing the cash flow needed to drill these wells where will the share price be after potentially multiple fund raises???....
rossannan: Mount Teide Was it not fair comment to say that TXP’s production has recently fallen off a cliff? I did illustrate my point with figures lifted straight from RNSs - mid-March 7-day average production - 2,358 bbls/d, average production for the whole of April - 1,789 bbls/d. Whatever you and “seasoned O&G investor” che7win would suggest, I did not in fact bemoan TXP's share price not falling significantly on the back of all this, I simply offered the explanation that Ortoire anticipation, misplaced or not, is undoubtedly providing support. (Presumably I have not said “Fantastic Post Mount Teide” often enough over the years to earn the label “seasoned O&G investor”. Thank goodness for that.) Anyway, talking about Ortoire, you simply have not addressed the fact that in the RNS for the TXP Q1 placing Paul Baay was crystal clear that that money was for the first Ortoire well. The exact quote is as follows: “The Company intends to use the net proceeds from the Private Placement to finance the drilling of an exploration well in the Corosan west region of its Ortoire exploration property (80% working interest). Touchstone anticipates spudding the well in the second quarter of 2019 targeting a total depth of 9,000 feet. For details of the nature and quantities of contingent and prospective gas resources targeted, see the estimates prepared by the Company's independent reserve and resource evaluators summarised in the Company's January 17, 2019 announcement.” If you do not see a placing for the second well as at least more likely than not, you are simply not looking at this objectively. With a Q2 like the one that TXP is having? As I said, I am not going to hazard a guess at the placing price. It is, as I also said, perfectly possible that it could be higher than the current share price because timing is everything and Paul Baay is nimble enough to capitalise on the result of the first well. Finally, I note that you have not yet answered mark10101’s simple question - what will TXP be selling its gas for to Shell - has this been agreed? In this context whatever Jadestone Energy is up to elsewhere is entirely irrelevant (although I note your interest in promoting Jadestone Energy). Maybe you would like to plant the idea in people’s minds that mighty TXP has tiny Shell over a barrel and that Paul Baay can dictate his own terms? Now that is share promotion for you. Objective analysis suggests something more realistic.
rossannan: Mount Teide I have had very little to say on the TRIN BB about anything of late, other than calling you out for an offensive post. I have certainly not been calling TXP down - in the short term the market will do whatever it wants with the TXP share price and I am not going to attempt to second guess it. As far as I can see, the TXP share price is holding up relatively well. There are macro headwinds and production has gone south but TXP has a story involving a low risk drill in the next few weeks. AIM likes that kind of story. I certainly doubt that all the PIs who have bought into the story fully understand it - for example is clear that the idea of this drill nearly doubling production in boepd terms does not mean nearly doubling revenue (not even close), particularly when it could take 6 months to monetise the new well (something which Paul Baay has made clear but some PIs may not have picked up on). Also, you were talking on the TRIN BB about Paul Baay having the money for the first two Ortoire Wells. In the RNS for the TXP Q1 placing Paul Baay was crystal clear that that money was for the first Ortoire well. Do you honestly believe that, after a Q2 like the one that TXP is having, the second Ortoire well will not have its own dedicated placing? But while I can see that placing coming, I am not going to hazard a guess at the placing price. It is perfectly possible that it could be higher than the current share price. Timing is everything and Paul Baay is quite nimble. I think though that you will have to row back from saying that Paul Baay has the money for the first two Ortoire Wells. It is not, after all, what Paul Baay is saying. Otherwise you end up looking like someone who is simply talking their book rather than offering objective analysis.
ileeman: "Nothing I say is going to affect the TXP share price." Aint that the truth. Just find it funny you dont hold so you deramp and then as soon as you buy you ramp lol
rossannan: iLeemanNothing I say is going to affect the TXP share price. Imagining that what you say (or what anyone else says) on a BB has any real traction is not a healthy way of thinking about shares. Even the Pied Piper himself, Mount Teide, would have to concur.
rossannan: Hoping the TXP share price overtakes the TRIN share price and I can then switch my TXP into TRIN - #result
rossannan: I note that Mount Teide seems more interested in talking his JSE book than his TXP book these days. I guess that the TXP share price and production figures did not really cooperate. I hope he has better luck with JSE.Cave illos qui in libro dicere, as the Romans never said.
spangle93: Well, greed beat fear this morning, a wee top up though it would have been nice to have been around to catch the lower price last week. TXP must be the best risk/reward oiler around at the moment - even not taking into account the macro trends described by Mount Teide, nor potential black swan developments - the TXP share price is supported by production, - oil price is looking like there are at least as many factors pushing it up as down - there's continuing well program activity - there's high potential game changing drilling next year in Ortoire
grannyboy: What's happened to TXP share price rise mirroring TRIN's????...The MM's arn't following the plan and need to get up to speed!!!!..;)))
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