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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 30.75 | 311,756 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 30.50 | 31.00 | 30.75 | 30.75 | 30.75 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 35.99M | USD -20.6M | USD -0.0879 | -6.60 | 72.02M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:28:32 | O | 1 | 30.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/7/2024 | 10:41 | UK RNS | Cavendish Securities PLC Form 8.5 (EPT/NON-RI) |
| 26/7/2024 | 10:16 | UK RNS | Canaccord Genuity Limited Form 8.5 (EPT/RI) |
| 25/7/2024 | 13:23 | UK RNS | Takeover Panel Trinity Exploration deadline for clarification |
| 25/7/2024 | 11:04 | UK RNS | Touchstone Exploration Inc. Offer for Trinity Exploration & Production Plc |
| 25/7/2024 | 08:52 | UK RNS | Canaccord Genuity Limited Form 8.5 (EPT/RI) |
| 24/7/2024 | 08:54 | UK RNS | Canaccord Genuity Limited Form 8.5 (EPT/RI) |
| 23/7/2024 | 07:00 | UK RNS | Canaccord Genuity Limited Form 8.5 (EPT/RI) |
| 22/7/2024 | 07:00 | UK RNS | Canaccord Genuity Limited Form 8.5 (EPT/RI) |
| 19/7/2024 | 10:36 | UK RNS | Touchstone Exploration Inc. GRANT OF LONG-TERM SHARE AWARDS |
| 19/7/2024 | 10:36 | UK RNS | Canaccord Genuity Limited Form 8.5 (EPT/RI) |
Touchstone Exploration (TXP) Share Charts1 Year Touchstone Exploration Chart |
|
1 Month Touchstone Exploration Chart |
Intraday Touchstone Exploration Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/7/2024 | 13:49 | Touchstone Exploration | 37,758 |
| 04/3/2024 | 13:56 | Touchstone Exploration - Production and High Impact Exploration | 1,607 |
| 21/11/2023 | 08:19 | Touchstone Exploration - TXP - Charts and more... | 136 |
| 10/11/2023 | 15:00 | TXP - Further Exploration | 8 |
| 18/12/2022 | 00:15 | Touchstone Exploration - 2014 - A new dawn | 895 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:28:32 | 30.50 | 1 | 0.31 | O |
| 2024-07-26 15:28:23 | 30.89 | 12,431 | 3,839.94 | O |
| 2024-07-26 14:27:34 | 30.53 | 20,000 | 6,106.00 | O |
| 2024-07-26 14:27:25 | 30.53 | 20,000 | 6,106.00 | O |
| 2024-07-26 14:26:55 | 30.56 | 100 | 30.56 | O |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Touchstone Exploration Daily Update Touchstone Exploration Inc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TXP. The last closing price for Touchstone Exploration was 30.75p.Touchstone Exploration currently has 234,212,726 shares in issue. The market capitalisation of Touchstone Exploration is £135,843,381. Touchstone Exploration has a price to earnings ratio (PE ratio) of -6.60. This morning TXP shares opened at 30.75p |
Posted at 25/7/2024 14:23 by herman007 The offer is very generous considering the explosive growth in production that will be happening in the very near future. Let us not forget that TXP has two cas wells coming online in a couple of months, and have plans to drill several new wells in the months ahead. The share price does not reflect this as the company has chosen not to communicate with shareholders due to a news blackout that seems to have been taken a little too serious. In the meantime the BOD and management have benefited from more dirt cheap options. If TXP is even considering to amend their offer, they could offer a cash compensation in addition to the shares if....and only if...they do not meet some very conservative production or share price targets in e.g. Q125. |
Posted at 25/7/2024 12:02 by redartbmud Dunders.In this instance Txp cannot be held responsible for an outrageous attempt to usurp their offer for Trin and should do nothing. Anything else would be suicide. They don't have the resources to up the ante. Maybe when the dust settles and Trin is taken over in a reverse bid offer, the idiots in the room could bid 150%, or even 250%, of the current Txp share price and put us all out of our miseries. red |
Posted at 12/7/2024 12:09 by dunderheed Don't think the 3 year downtrend reversed yet? Not enough volume to justify and probably just early FOMO?The share price has always been a good indicator of what is really going on, regardless of "Clown presentations / thoughts", so got to admit am a little nervous that it isn't currently stronger? Seems to me, a lot of the share price support coming from the "it's just so good value now, (even when it was at 70p as well?)" and of course the (probably even more desperate) "there's got to be "something else" no one has seen in the last few years and has to be bought now because if not, it may be found out about and, immediately snapped up, about this "hidden gold" at TRIN" club supporting current share price?! I dunno, I'll get me coat and hat! Hope I'm wrong! As ever all IMHO, dyor. |
Posted at 09/7/2024 09:45 by dunderheed Kaos 37641, agree fully and we all "really" know the reason for that but some don't want to admit it.Unfortunately when you have a (now fully proven) Clown in charge (as opposed to a possible one) we will need to have twice as much good news to recover from here, than was probably necessary in the first place? I sincerely hope that recent share price strength (lol) isn't simply FOMO as TXP has a habit of banana slipping at the worst time. Whilst some saw the "directors buying" (?!) RNS yesterday as positive I just cringed looking at the incredibly long list of giveaway shares, to such a large group of people who have collectively contributed what, exactly? There was a time when the share price rose without the need for multiple posts all over t'interweb telling everyone what screaming value TXP is? I would like to think we finally get some (positive) news about plateau production profiles at long long last soon! Then hopefully hook up of production wells that supposedly "blew the lid off the well" when drilling. We were also promised in recent post AGM RNS about acting upon investor reservations about size of BoD, let's hope that is quick and decisive (lol) as well, as I believe is the minimum required, for the share prices recently mooted, whilst recovering from multi year lows. Hopefully before any further drilling commences we can be sure we have a suitably experienced and knowledgeable drill team in place. Anyway as ever all IMHO and DYOR folks! Best of luck all! |
Posted at 10/5/2024 11:00 by flyinghorse1 If Trinity were land based only -great. The offshore component and the money needed to maintain and develop it further has been a lead weight round Trinitys neck (IMHO), so now the combined outfit (TXP/Trin) have to carry that weight forward unless they can unload it.I expect a sustained low TXP share price for quite a while post acquisition , but happy to be proven wrong. I think I am entitled to express my disgruntlement with this deal as a TXP holder , especially as we as share holders have no say in it(apparently). |
Posted at 10/5/2024 09:55 by flyinghorse1 I find it hard to believe no TXP holders are up in arms about this proposed deal. Interesting on Trinity BB its mentioned that the share allocation ratio is 19.99% to Trin so that it apparently allows TXP to issue additional share capital with out getting shareholder approval. Fait au complet.I have serious misgivings about the venture into East coast offshore (Galeota) and its implications to TXP. They know not what they are doing , so it reinforces my overall view of TXP board, their decision making process,unfortunatel Im pretty sure the majority of the Trinity holders will bail out of TXP (I dont see any time restriction on them selling stock) when the deal is done further depressing the TXP price, as most are currently bound in by agreements with Trin (ie being directors or past investors or board members), with no clean way of exiting the mess they got into. IMHO/DYOR |
Posted at 09/5/2024 15:02 by flyinghorse1 I guess Trinity are unlocking the value by passing the parcel to TXP.Could not make it up. Trinity directors and those giving unequivocal relinquishment of their shares realise the road ahead for Trinity is closed so must be delighted with this out come. Im sure all their options etc will vest on change of control etc. Whats not to like as a Trin holder, unless your a TXP holder , I suspect this will take a long time to unwind with a lot of indigestion on the journey before we see the TXP share price rise. There will now be more opportunities now for P R Baay to make questionable decisions. Lets just hope Perenco buy the whole lot once deal thru. |
Posted at 06/5/2024 21:27 by dunderheed I agree with a good post from Sturm over on LSE earlier today and excuse me replying here - but LSE reduce amount of words in posts so I'd have to write multiple entries and on phone - so not easy. I think Sturm posts here as well, so thought I'd reply here! I'm personally not sure about the “expected̶I think it is questionable how much further TRIN price may have dropped but think there is certainly room for TXP share price to increase over the months ahead so am a "little" confused (but not "that" concerned) as to "Why Now"? That is not to say it is an absolutely obvious deal to be done - at some point with obvious benefits and nothing genius in this - just like obtaining contiguous acreage to discovered resources - purported by some to be "genius", ahem. Possible "reasoning" (?) could be : 1. We dont know sod all about sod all regarding TXP current production profiles going ahead but, I'd have thought this "deal" was certainly “mooted” at least 6-9 (probably nearer the 9?) months ago when perhaps Clown expected much higher Casca profiles would be expected hence, thought share price would be higher anyway? 2. It could be that TRIN have now intimated there are other "interested parties" which led to this being upgraded more quickly than was the preference (I personally do not give this much credence however - either genuine interested parties or "bullied" into making "quick" offer by TRIN management with the "threat" of this - could have prompted now)? 3. We do not know if there was any high level "external" influence - encouraging such a deal to TXP as well? 4. Aligned with above - perhaps this deal is "linked" to other ongoing strategy we are also not aware of? To be clear we have "paid" for this with some form of perceived "dilution" had we potentially "waited" for higher TXP share price but, I really would not want Shell onshore assets at all - definitely with no further "dilution" - unless they paid us to take them or unless it could lead to some form of negotiated gas price increase (but the less said about that already publicly discussed item, the better, ahem!) - as I personally think we have far too much to be getting on with, at this time already! 4. It could be the case of Clown getting the timing strategically wrong again (surely always best to have just got Casca done and producing in first place - then do the Rosyton Chinook higher risk stuff later, IMHO)? 5. It could be the case that Casca wells coming on-stream aren't the greatest wells ever seen and the TXP share price continues to "struggle" and this prompted some "corporate actions now - rather than "later"" (I don't personally think this as I would already have sold but it is a "risk") but saying that, it would be a pretty catastrophic scenario anyway and dwarf this current perceived "dilution"! From the above, I also don’t take much encouragement that TRIN have been “convincedR 6. So who knows - it really could be any of the above or none - but one thing is for sure I would like to see some "sacrifice" within TXP senior "management" as well as TRINs for "G&A reduction efficiencies", as see this as a good opportunity to potentially clear out dead wood on BOTH sides? As ever - absolutely all IMHO and DYOR of course. |
Posted at 06/5/2024 08:17 by eggchaser Thanks HB - this sums it up for me and my investment here..ConclusionThe scale and savings means this is a win-win for TRINies and Touchies. Saving of several million dollars per year should be achievable.With oil achieving around $60 per barrel and gas achieving $15 per BOE, after Trinidadian royalties and taxes, TXP is forecast to begin generating serious levels of cash in 2024 (in a year with heavy capex) but FCF is forecast to grow in FY25 to £14.1m and doubles again to £28.9m FY26.TRIN has a forecast FY2024 additional £5.2m FCF (£5.1m reported earnings).Combined, FY25 should comfortably be above £20m FCF, with earnings potentially £25m. Assuming £22m this equates to 13.3p for each TRIN/TXP shareholder, potentially doubling to 27p in FY2026. That could be incredibly attractive (considering the TXP share price of 40p, that's a FY26 PE of just 1.5.It makes the 5% fall this week feel very strange indeed. |
Posted at 01/5/2024 08:28 by 11_percent Seems like bad timing......TXP share price is on the floor......could have waited till the 2 wells on Casc C pad are tested and confirmed as good flow......with subsequent share price rise. |
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