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Since they really (should) have only one priority (at least getting Cascadura to 200 mmcf/day should be it) - anything so miniscule just takes away management focus and binds time and resources. So IMV it's positive and I think we also discussed this a while back, before the ER.
It is briefly stated as note 25 in the financial report -
"Property Disposition - Subsequent to year-end, the Company entered an agreement with a third party to dispose its interest in the CO-2 block."
The latest financial accounts are available on the company site.
Nah workers on double bubble ...
SS: "Market gently waking up to how undervalued we are "
Very gently
I just got the below from a reliable news source, but don't see it in the RNS, at least not on this site, am I missing something? Tks
On 21 March 2024, Touchstone Exploration Inc reported in its 2023 financials that it has entered into an agreement to sell its interest in the onshore Trinidad Basin's Coora 2 Block. The buyer was not named. The decision to sell the asset was made after operating expenses were higher than the corporate average and due to extensive work commitments. Following completion and approval of the transaction, Touchstone will reduce its 2024 work commitments by three wells and three heavy workovers.
Probably stop producing for the Easter hoplidays.
Funny enough the Bid rose
Big boots coming back in here ...
Only care about the bid if I want to sell
49 60 to sell tho !!! so there close to raising the Bid
Had to get a Top up today
can't be sure there hold for my New ISA
4% spread doesn't really help - they may be raising the ask but are taking their time pulling up the bid.
Could easily get to 60p before RNS Notification
Market gently waking up to how undervalud we are .
Ticked up again this morning, hopefully the buyer from yesterday taking decent chunks is back. Be nice to get a steady rise before any news on Cas 3 :)
Sirmark always nice to see a little blue .
We really shouldn't be this Low .
Puttting in the infrastructure was tedious for TXP but had to be done.
We're be back on the radar by the Masses very soon with a re rate throughout the year.
Ticked up ;)
Looking strong now for a good rally to close.
Would have been great to know what Cascadura 2 and 3 could have flowed at because it would boost the share price considerably and again when online. Especially if both are better or equivalent to Cascadura 1.
Just find it a bit strange they are not interested in knowing after paying out roughly 12 million plus and then waiting 5 months to find out. They have the money to do it .
Now 1v 1 Tick up coming.
I have everything crossed for News after I've topped up my new ISA.
Cacadura deep perf Stabilisation
Cass 3 anticipation is Mahoosive
Development wells between the two points .
Coora.
heads in a Spin with all this News flow to come.
Was 1 v 4 now 2 v3 after the tick up ...looking good..news tomorrow hopefully.
What do you mean by Cas 2 stabilization results? The next news from Cas 2 should be flow testing in q3.
Cas 3 will be the next result (and coora) and then we should hear if any plan to move straight onto Cas 4 or not.
Hi Ayecramba
Casse 2 Stabilisation results, after it blew the casing of the Well,with thick gas charged sands found .
In a recent interview PB appeared cvery excited with the findings on this delineation Well,its on our far North Easten Boundry . ( NOT PRICED IN)
In times gone by, PB has over played information to the Market .before being anywhere close to knowing the outcome .
He now appears to have learnt his lesson , an wants the numbers do the talking.
We have many Perfs to now to ake advantage of between cass 1 an Cass 2 .Not priced In .
Cass 3 spudded on 28th February if successful I believe were move on to cass 4 .
This is all funded, fast tracking production drill to fill .
PB quoted the last 2 years was putting in infrastructure / pipelines etc which intern could handle 40 Boepd
PB consertively believes we're be producing Circa 14k by ear end, which is ridiculous given the SP
The next RNS Notification will give us more of a incite LTH believe we can certainly exceed this output.
Short term Pain for long Term gain.
We're only a few.clicks up from our year end low, yet we're on the Cusp of all the hard work coming to fruition
Re Rate coming
And probably an update on coora tagged onto that
Cas 3
What RNS are you expecting Supersport, can you share any more about what you think might be coming?
Absolutely !!
Hopefully we're get a gentle rise leading to update.
Then Whoooossshhh
Fine by me - new ISA allowance...
We're about to get one of the best RNS Notifications for 2 years between 8th an 19th of April unless PB chooses to catch the Market out again.
One of the best undervalud fully Funded Drill to Fill Operations on Aim ....