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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
  1.50 2.75% 56.00 899,277 14:50:35
Bid Price Offer Price High Price Low Price Open Price
55.00 57.00 57.00 55.00 55.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.91 8.51 1.76 31.1 119
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:47 O 12,229 56.00 GBX

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Date Time Title Posts
09/12/202216:04Touchstone Exploration33,998
09/12/202216:02Touchstone Exploration - Production and High Impact Exploration438
19/9/202219:52Touchstone Exploration - 2014 - A new dawn894
14/5/202200:45Touchstone Exploration - TXP - Charts and more...135
06/9/202114:40TXP - Further Exploration1

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Touchstone Exploration (TXP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:05:4756.0012,2296,848.24O
16:26:2855.701,684937.99O
16:15:2055.745,0002,787.00O
16:08:3655.801,645917.91O
16:01:2555.803,5671,990.39O
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Touchstone Exploration (TXP) Top Chat Posts

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Posted at 09/12/2022 08:20 by 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 54.50p.
Touchstone Exploration Inc has a 4 week average price of 53.50p and a 12 week average price of 53.50p.
The 1 year high share price is 114p while the 1 year low share price is currently 51.50p.
There are currently 213,021,161 shares in issue and the average daily traded volume is 1,740,069 shares. The market capitalisation of Touchstone Exploration Inc is £119,291,850.16.
Posted at 08/12/2022 11:13 by dunderheed
I've got to admit taking into account previous BS shows from PB, I was once again not impressed.
I have some cash available but rather than jump in here I'm going to have a long look around both out-side and in my own portfolio and have a hunch there is better value elsewhere (for me at my stage of life!) and am edging toward JSE - which has an incomparable experienced and professional management team.
I actually wrote some time ago (say 2 years) that all TXP had to do now was deliver as opposed to nice talk all the time - when share price was in 150's.
I had a hunch, (contrary to reputation then) PB wasn't going to achieve much and thought about selling then - and am angry I didn't follow that hunch as opportunity costs plus drop in share price has been relatively painful.
I now think PB doesn't have a reputation to speak of - hence he can only go "up" from here but will wait until I see evidence of completing "anything" material in T&T.

This is all hunch and to be honest just based upon the fact he simply doesn't come across as professional - more like an Arthur Daley - constantly changing references time lines and the current immediate strategy just seems "muddled" - perhaps just the way he conveys "stuff" or a subliminal / conscious lack of trust in him unfairly influencing me - I don't know but for moment holding on to my 1MM+ shares here but not yet increasing?

All IMHO, best of luck all (seems like we will need some to get Casc on time for Q1 now?!) and DYOR.

Posted at 06/12/2022 10:53 by thommie
Dorset, Mt was clear since months that he wasnt ok with management actions lately. Opinions can change. Things since the last referenced post more than a year ago have changed. I think he even posted that he intends to sell a part of his holding. Anyway. If you once followed him on his advice to buy txp when it was around 20p, you would still look at a considerable amount of gain, even at todays share price And if you are able to hold txp you will see it rising again from here. Today isnt the end of the journey. Dunder, I dont share your pesimistic few on the Ceo. YES, he made wrong decisions, but it's not true, that everything He did was wrong. Just remind yourself when He raised directly before covid emerged at a very good sp, before txp lost 50% of its market cap. Everyone was shouting at him at that time, the same people praised him after that for hitting exactly the right time to do it, enabling txp a good balance sheet during the covid crisis which could have been far worse without that. Lets see what happens this time.
Posted at 06/12/2022 09:08 by sirmark
Exactly seen this so many times, the constant drip down of a share price as I presume was known in the back ground and hence the share price drop.I'm a holder and obviously gutted with the drop but the 5%dilution is hardly a problem meaning we can get back to drilling. Personally I see this moving extremely swiftly back to triple digits once this is a complete as we move to production for casA lot of this new stock has already been forward sold and already in the price.Anyway good luck all, for me a hold and top up once I've been given the details on the 54p shares
Posted at 06/12/2022 08:30 by herman007
There is nothing wrong with a placing, but the timing could not be worse. First deny deny deny, then wait until the share price reaches the bottom, then do a placing…I hope Paul Bay now will put the company’s interests ahead of his own and step aside as he has become a huge liability. He can work behind the scenes but in a different capacity than CEO. I have sold all my other shares, and today-at this share price, I am all in.
Posted at 06/12/2022 07:41 by spangle93
So we've kicked our heels all year, with soaring oil prices, an idle rig, and a significantly higher share price, so that investment can be managed from cash flow.

Then when boredom has set in, sentiment has fallen and the share price with it, it's now the perfect time to raise money to "accelerate" drilling. Really? If they'd raised at an appropriate time and price, there wouldn't be the need for acceleration.

No wonder they don't do investor evenings any more.

Posted at 26/10/2022 13:49 by 11_percent
TXP share price should re-rate when Casc comes on-line......or sooner.

When starts to become clear when Casc will be on-line......IMO we get a share price increase a few months before.

Having said that.......if we drill Royston side-track in say, a few months' time, then we will see a nice share price rise if it is successful.

I believe there is a viable business here......but dont want to top-up now......IMO there is too high a risk of a serious market crash......which would take down all shares, inc TXP.......so, will wait.

============

On the "undervalued" front......this is a post by MT on the JSE BB.


O&G Industry Production Efficiency has never been higher than it is today.

Global O&G Industry FCF Generation:

2011
$610bn - All time record
$111.26/bbl - Brent Average Price

2021
$810bn - New Record
$70.68/bbl - Brent Average Price

2022 - Forecast
$1,440bn
$103/bbl - Average Brent Price YTD

The O&G industry today is hugely more efficient than in 2011, a period during which Brent averaged over $100/bbl for 4.5 years.

The industry is currently on target to generate $830bn more FCF in 2022 than in 2011 at an average Brent price some $8/bbl lower, after generating $200bn more FCF in 2021 at an average Brent price more than $40/bbl lower.


O&G Industry Investment has decoupled from the oil price ....... CAPEX discipline, debt repayment and dividends is now the norm.

O&G Industry FCF by Region / 2010 - 2022

hTTps://www.prnewswire.com/news-releases/deloitte-oil--gas-industry-could-have-highest-ever-cash-flows-and-become-debt-free-primed-to-accelerate-the-energy-transition-301611955.html

Posted at 26/10/2022 10:49 by redartbmud
It is pure speculation as to when the share price will react.
The tired bulls have desrted the ring, and the institutions don't seem interested.
The track record is patchy, but mainly consisting of delays and muddled explanations.
Things are moving forward, but any share price reaction might have to wait for positive news on the levels of oil and gas flows before it piques the interest of buyers in any great quantities. That is what will set things alight again, especially in subdued markets, where share price bounces have been short lived and seen as dead cat rallies.

Just MHO.

red

Posted at 13/10/2022 08:51 by buffythebuffoon
Some of us who are investors got in early, and with the clarity of vision that hindsight brings, we should have sold over 150p.

The problem with investing here is that the promised land has always been 6 months away.

Look at the share price now, just days after Coho going online.

Yes, there will be a bigger jump when Cascadura goes online, but then what in the days after, and then what after that, and when?

Preaching to people about whether investing is for them should only be done when they have the wisdom and perspective to do so. That doesn’t come with the enhanced knowledge that this age has brought, but the number of years you’ve been breathing.

Still it must be hard to do, as even one of our better investors talks about the fantastic return over a short time period in the share price of a company, yet appears to be a longer term investor.

I always cite SAVP/SAVE as an example of one of those who offered fantastic investment prospects. In my opinion they still do.

Have a look at the long term share price chart.

Those of us who have been breathing longer than the vast majority won’t keep doing so forever.

Buffy

Posted at 12/10/2022 07:36 by flyinghorse1
Well I3E also had a poor Serenity well result in the UK that makes a big dent in stated volumes in place that’s made the impact to them imo, plus the rise of share into that well.
For me the TXP share price is being affected by a low negotiated (not much negotiation room here as you have to sell to NGC the gas aggregator).
They also seem to be producing at half the rate I was expecting, though they mention optimisation.
There will be a condensate revenue stream that will sell at oil linked pricing but no mention of yield at the moment from them.
FH

Posted at 12/10/2022 06:34 by pro_s2009
I did say way back that Coho news would be a red day as many will sell into it. And so it was.

176 million market cap for a company with under 3K boepd production is expensive really.

The froth is well gone and its bare basics now, and 3K boepd aint much for the current market cap.

TXP will end 2022 with 3K boepd, 30m dollars debt.

I3E will end 2022 with 24K boepd, net cash, paying a divi, gas price higher than TXP.

And I3E is not even twice the market cap of TXP...........

And if I3E share price is falling, then expect TXP to as well.... imo.

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