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
  0.10 0.11% 91.60 1,538,262 16:35:16
Bid Price Offer Price High Price Low Price Open Price
94.00 96.00 95.00 91.00 91.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 28.12 6.82 191
Last Trade Time Trade Type Trade Size Trade Price Currency
17:17:46 O 1,389 91.60 GBX

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Date Time Title Posts
11/4/202101:26Touchstone Exploration18,679
08/4/202116:05Touchstone Exploration - TXP - Charts and more...45
04/2/202123:33Interesting Article whilst waiting for testing-
21/1/202111:32TXP - Further Exploration-
03/11/202011:32Touchstone Exploration 31

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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 91.50p.
Touchstone Exploration Inc has a 4 week average price of 83p and a 12 week average price of 83p.
The 1 year high share price is 178p while the 1 year low share price is currently 22.50p.
There are currently 208,699,627 shares in issue and the average daily traded volume is 2,151,305 shares. The market capitalisation of Touchstone Exploration Inc is £191,168,858.33.
zeusfurla: Where will we be by end of May and how will PI's feel? I am expecting the feel of this Board to be quite different. This week will surely be nervous and unpredictable but by the end of next month we will be much more positive. We'll have: Casca Deep test results - almost certainly positive (I've checked the credibility of GLJ this morning and am happy with their independence and competence for Casca 1 reserves), with an increase to reserves to come (maybe 100bcf or more) Coho - producing Royston - spudded Casca development plan to follow after test results pre Royston drill outcome will show a clear path to monetisation, even if timelines given can't be believed Between now and then, there will be short term share price volatility as PI's adjust positions, with Canada appearing to be ahead of UK PI's in its thinking in recent months, leading the share price lower - I expect Canada to now lead higher. I've revisited the Finncap report and also looked at charts for how TXP has been valued since the 10p days (not my forte). I think a conservative fair value (asssuming Chinook is zero and Royston nominal) is around 100p prior to Casca Deep results and maybe 120p post results if they go to plan. Sentiment may delay achieving this as PI's re-position but we'll get there pre-Royston which will reassure investors. What my thinking this morning has reinforced for me is how pivotal Royston is for TXP this year. A successful drill could add 50-125p to the share price after independently confirmed test results and reserves, which would test share price highs. Of course it is not 100% guaranteed but CoS will be quite high. Pre-Royston, given the prize, there will likely be decent upward pressure on the share price and lots of scrutiny of old logs etc. For those of us whose timeline for TXP is a few months or a few years, selling at this relative low point does not make financial sense.
pro_s2009: Having been buying TXP from the 20's and all the way up to the 170's and again this week in the 90's.......I will keep buying TXP all this year. PB has egg on his face, yes, he does. But will it make him better in future ? I think it will......a good old speeding ticket slap in the face will ensure better performance. The investment case for TXP is : They dont need any fund raising. Fully funded to "wall of cash in 2022". Royston-1 can fail - does not matter to the investment case (only short term share price gyrations) Coho and Cascadura and Legacy oil fields will generate enough cash to commence paying a dividend in 2022. 2022 onwards for 10 years they have multiple exploration and development targets - fully paid for by cash generated. The investment case for me remains the same - buy as much as you can of TXP in 2021 and reap the rewards in 2022 onwards. I have yet to see any similar AIM company that is fully funded, intends to start paying dividends in 2022 onwards and has such a massive inventory of exploration upside - and will drill all of that from cash generated by operations. The coming 8 months of "wilderness" while we wait Cascadura production in Q1 2022 will represent a significant opportunity to fill your boots with TXP stock. Thats my rationale, and I am happy with that :) BUT.....there is one final sign I need before I fully commit even more funds into TXP.....and that is.....Casca-Deep-1 flow testing. If that comes up trumps like Casca-1 (and with an added 20% thickness), thats the final tick in the box. Just a couple of weeks to wait.
highly geared: Now we’ve all taken a 50% haircut off the highs , emotions have swung from ultra optimism and sky high valuations , to pessimism, frustration and a negative outlook. The share price will bottom out around these levels. The mood will turn positive subject to Cascadura main zones ratifying the original Cascadura drill and the share price will see an anaemic recovery to the 100-110p area. Any upside after that will depend on the outcome of Royston ( if positive, probably known by end of July) and providing confidence that Cascadura hook up will actually occur this year. So, 4 -5 months to “ suck it up and wait and see”. No point in selling as 2p NPV reserves underpin the share price and the hook ups start to monetise the assets in the next 9-12 months.
ashkv: 88p - level of TXP share price just prior to Chinook and 2 months prior to Cascadura Deep Discovery RNS. Ergo - share price at 90p is an assumption that ongoing Cascadura Deep test is also a duster...
ashkv: Agreed management credibility is on thin ice - however proved 3P NPV10 After Tax and After Cost Value for Share Price audited by a 3rd party expert is 146p.... multiple exciting drills, test results due.... share price now 50% off levels of a few weeks ago.... IMHO Mr Market is as usual overdoing the drop.... I topped up post a retrace of TXP post my initial 12p buy in late 2019 at the low 20s level in early 2020 and it has resulted in huge profit for me... Currently only holding part of my late 2019 and early 2020 TXP shareholding as sadly took profit at much lower levels than todays in mid 2020 - thankfully also a good slug sold in the 160s...
davidblack: Malcy’s thoughts “ I can see why the TXP share price has taken such a knock but whilst this is no doubt a disappointment it should in my view be taken with the fact that the Ortoire block is huge with significant exploration to come. The market may need to see the whites of the eyes of the next well or even one afterwards but I have no doubt that there is now, at these levels another opportunity to buy stock.”
ashkv: 85p - now below share price of 88p day prior to Chinook RNS and not taking into account any upside for Cascadura Deep. Huge overeaction and madness IMHO. Paul credibility is in tatters but we have the independent reservaluation RNS from 5 Mar 2021 - which has an after tax NPV10 of $419mn or 146p for TXP....
rationaleee: To be fair to pro - he has his read right just not the level. At £200-300mn market cap a lot of gas discovery success is priced in TXP. Of course more exploration success will open up more upside. TXPs share price growth from 15p to 180p was at the back of only exploration success.But for PRD at sub £30 mn, and as per PRDs CEO, every Bcf in Morocco valued upto 10 times as Trinidad for a "low risk transformational drill" the level is much higher in terms of market cap. Of course PRD has other business segments as well so can't really be compared to TXPs pre first drill success but that's the margin of safety provided by PRD. All IMO and could be wrong so always dyor
pro_s2009: Exactly.....thats the only "interesting" thing that could be coming from Chinook. Shedloads of gas is expected. So oil is the upside on the gas........thats why I expect. Commercial gas but with "tremendously exciting" future oil potential on the Chinook structure. A case of "we have the gas but we now have significant oil upside"............and people are suggesting thats not good news.... LOL Its amazing..........Paul says in the interview that Royston could be 1 TCF of gas. 1 TCF of gas is worth more than the current TXP Market Cap. Its bagger potential of TXP share price if Royston comes in........and people are selling because a science project test of oil (which was not expected to be found), discovered while finding the gas that was expected to be found, is not so exciting ???
herman007: 😎 I do think how people articulate themselves matters, but in this case I obviously could be very wrong. Lets try this from a different perspective. PB said earlier that he would release testing info as and when the test are finalized.As this testing has progressed, the share price has tanked. We know the oil test is finished and we know the first test at cas deep is probably finished. If you were the CEO in this scenario, and you had great test result on your hands: Would you overlook the share price development and just hold on to it? Would you downplay the oil at chinook at a presentation if it was highly commercial? This is more like game theory where you simulate various outcomes. Its speculative and for those who dont like speculation, we can just wait and see. I do not trade TXP shares, but for those of you who do, I am sure you do these types of simulations.oh, and to answer the question above: I can only think of one reason for PB to delay great test results: Waiting out the whole spread betting «drama». If that is the case, my hat is off to PB and I can easily handle ridicule if anyone wants a go at my speculations.
Touchstone Exploration share price data is direct from the London Stock Exchange
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