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EXCLUSIVE: Malcy, Columbus & Reabold presentations - Video Webcast Here

EXCLUSIVE: Leo Koot, Exec Chairman, Columbus Energy speaks at London South East's Oil & Gas event
EXCLUSIVE: Stephen Williams, Reabold Resources speaks at London South East's Oil & Gas event


Touchst Ex Di Share Chat (TXP)



Share Price: 17.90Bid: 17.50Ask: 18.30Change: 0.90 (+5.29%)Riser - Touchst Ex Di
Spread: 0.80Spread as %: 4.57%Open: 17.00High: 18.15Low: 16.50Yesterday’s Close: 17.00


Share Discussion for Touchst Ex Di


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Sundayroast
Posts: 1,550
Premium Chat Member
Opinion:Strong Buy
Price:17.90
RE: Shock, horror
Today 13:47
Just a hunch. Definitely some point in August as stated during the AGM.
 
SimonT
Posts: 1,837
Opinion:No Opinion
Price:18.15
RE: Shock, horror
Today 13:26
What makes you expect it next week? It usually comes quarterly in the middle of the month with the next one due 14-16th of Aug.
Sundayroast
Posts: 1,550
Premium Chat Member
Opinion:Strong Buy
Price:17.75
RE: Shock, horror
Today 12:57
Nice to see a little rise, i expect the production report to be next week.
Nosugar
Posts: 93
Opinion:Hold
Price:17.50
Iranian Oil
Today 12:46
US looking to stop countries importing iranian oil by november.
2fatcatz
Posts: 105
Opinion:No Opinion
Price:17.50
Shock, horror
Today 11:34
A few trades today and we have gone blue, nearly fell off my chair.
2fatcatz
Posts: 105
Opinion:No Opinion
Price:17.00
RE: Good morning
Today 11:06
Doesn't make me want sell my TXP shares and buy TRIN that is for sure.

Looking at drilling 8-10 wells to grow by 10%, that's 280bopd per 10 wells? I would be looking for TXP to be producing more than TRIN by Q4 2019, without taking Ortoire in to account.
Looks like they went through $3m cash in last quarter with $9m cash left.
Looking to be cash positive in 2020, even based on current oil prices being quite high. I expect TXP to be US $500,000 net cash positive Q2

Wouldn't be surprised to see another placing in 9/12 months time and they have just raised $20m.
KUMS
Posts: 19,026
Premium Chat Member
Opinion:Strong Buy
Price:17.00
Good morning
Today 08:08
guys.

Trin RNS out. I agree we are very undervalued but I am no expert in comparing things.

But we have some very knowledgeable people on board here who can put their opinion.

It may help once coy confirms the outflow?
nevo75
Posts: 915
Opinion:Strong Buy
Price:17.00
RE: Ortoire is very big
Today 07:32
Morning all. Hope we have a good week this week
tidd83
Posts: 12,550
Premium Chat Member
Opinion:No Opinion
Price:17.00
RE: Ortoire is very big
Sat 15:14
Good post Arai.

The market hasn’t factored Ortoire yet, it will..
2fatcatz
Posts: 105
Opinion:No Opinion
Price:17.00
RE: Ortoire is very big
Fri 18:51
Welcome Arai, there has been plenty of talk on this board regarding Ortoire and we are all very excited. No doubt interest will mount when we have some firm drill dates confirmed by the company. Current cost per well is CND $900’000 so we are going to drill not only 5 on Ortoire but 20 over other blocks as well in 2019.
Arai
Posts: 1
Opinion:No Opinion
Price:17.00
Ortoire is very big
Fri 17:09
For some reasons, everybody talks about production but there is hardly any talk about the Ortoire block and the upcoming gas drilling prospects. This part of the story could be huge.

The Ortoire block is covered by many wells drilled in the 60's but these mostly encountered gas, which at the time and without LNG export terminal, had zero value. TXP holds 80% of the block.

On the edge of the block is Carapal Ridge, a 500 bcf +25 mmbbl producing field operated by Shell. Wells at Carapal Ridge were tested at 20-60 mmcf/d + 600-1,600 bbl/d EACH. This is big.

Where it gets interesting is that TXP has a lot of information on some of the old wells drilled in the 60's at Ortoire. TXP is now to drill a few wells on Ortoire including a well which is almost a twin well of an old well targeting 800 bcf. This could be very, very big. A well costs only US$5 mm, well manageable within cash flow.

The Carapal ridge facility is running at half capacity and there is also spare capacity in the LNG export terminal, so selling is not an issue.

See slides 18 and 19 of their AGM presentation on their website.
KUMS
Posts: 19,026
Premium Chat Member
Opinion:No Opinion
Price:17.00
Have a brill weekend
Fri 16:30
all.

CHEERS!
2fatcatz
Posts: 105
Opinion:No Opinion
Price:17.00
RE: Looks like
Fri 16:07
AAOG may have stole their thunder today. Expect not to see much activity until ops update 14th August and probably Q2 financials 15th Aug.
2fatcatz
Posts: 105
Opinion:No Opinion
Price:17.00
Oil Capital Conference
Fri 15:53
TXP presenting at the Oil Capital Conference in London 4th September. Hopefully should have 2000bopd+ in the presentation.

http://www.oilcapital.com/conferences

Looks like PB spending all our profits on flights to London lately.
KUMS
Posts: 19,026
Premium Chat Member
Opinion:No Opinion
Price:17.00
Looks like
Fri 14:27
TXP has gone on holiday today after the schools breaking up for summer! LOL!
Nosugar
Posts: 93
Opinion:Hold
Price:17.00
RE: Bursting.....
Fri 11:37
Sounds reasonable to me.

Think people will want to see the revenue hit the books in the published results rather than ops updates but i think your profile is about right.

As the pound sinks does txp increase in value with overseas earnings???
PhotographerTLP
Posts: 1,291
Opinion:No Opinion
Price:17.00
RE: Bursting.....
Fri 09:23
Nice.....
2fatcatz
Posts: 105
Opinion:No Opinion
Price:17.00
RE: Bursting.....
Fri 09:04
I am going to stick my neck out and state an SP of 54p by year end and £1.65 next April if we hit in Ortoire.
KUMS
Posts: 19,026
Premium Chat Member
Opinion:Strong Buy
Price:17.00
Good morning
Fri 08:15
all.

It will take no time to push up sp idc to 20's as we saw it from 14p.

Brent is steady around 72/73$ so everyone is happy!
Sundayroast
Posts: 1,550
Premium Chat Member
Opinion:Strong Buy
Price:17.00
RE: Bursting.....
Fri 06:43
Agree, there are massive gains to be made here. Must be the most undervalued oily in the AIM. I see so many companies with massive MC's. Huge amount of shares and producing nothing.
We will all be rewarded greatly here.
ismailq
Posts: 1,371
Opinion:No Opinion
Price:17.00
RE: Bursting.....
Fri 06:33
If we had the same mcap as trin then yes this share would be at 60p!!! I think 30-40p this year is achievable given the way the market has been this year.
PhotographerTLP
Posts: 1,291
Opinion:No Opinion
Price:17.00
RE: Bursting.....
Thu 19:46
I'm here for a lot more than 30p!! TXP is going to make me a very rich man and a retired photographer!!
ismailq
Posts: 1,371
Opinion:No Opinion
Price:17.00
RE: Bursting.....
Thu 18:00
I'm seeing 30p here this year but won't go up in a straight line.

Buy, hold and patience will pay off. We have an idea of the figures coming up but who knows where the POO will end up and makes for exciting time ahead.

This share is a rarity on aim, let's hope we get full value here.
PhotographerTLP
Posts: 1,291
Opinion:No Opinion
Price:17.00
Bursting.....
Thu 11:10
As most know, I have the 20p surprise of this share for my wife. Damn.....it's really tricky not to talk about TXP with her.
Not long and then the surprise will be sprung!!
KUMS
Posts: 19,026
Premium Chat Member
Opinion:Strong Buy
Price:16.75
Late summer
Thu 08:40
everything will be revealed!




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