Member Info for 1750mk1

It's not tricky, you arrange the Bed & ISA through your broker ... fast moving prices, volatility and spread makes no difference, they just arrange the trade like a transfer with a tiny spread and whatever fees. Don't try to sell and buy back in an isa yourself.

yep, looks tee'd up for a breakout... chunky late reported buys too.

Been watching for too long so took a few bites earlier. Looks nicely primed from here.

and bid rising on a few sells.

Primed after a very steady consolidation imo.

ah, a 'group'... scrap the link then :)

good going Gizzy... not on FB myself but stick a link up if its viewable for a mooch.

Chunky trades around 50/60k at 14:24 and 15:33 yesterday... and 11:52 today... are all looking like Bed & ISA transfers.

Don't be fooled into thinking they are sells.

Have to say it's been consolidating very nicely in this 17-18p range... firms things right up for the next move imo.

Operational update and Q1 results expected next week or so. Should be plenty to like, not least of all confirmation of the lower discounts to brent we have been receiving / higher netbacks between that, more healthy oil prices, record production and falling cost per barrel as a result (fixed costs spread over higher production) ... plus RNS confirmation that all the Ortoire drills are now fully funded from cashflow as Paul Baay commented yesterday in the interview.

All huge drivers in themselves ... but the big one is 1st drill spud due early June and well on track. 95% COS and could easily double production... and Gas, so no SPT... and quick to production 3 miles away to Shell, who are on board and playing nicely.

... and then a 2nd 95% COS drill to follow in August.

... then another Q4

... then another Q1 '20

... and each drill success opening up multiple others to go at.

Thinking significant interest should coming this was soon as TXP comes on more radars and timeline narrows to near term step-change activity.

clearly not that much of a dampener at the moment...

"with the oil prices where they are right now and cash flow we certainly have lots of cash"

Touchstone budgeting is done at $55 Brent.

and yes... no SPT on gas.

Not sure he ever even fully confirmed we had the first 2 funded... it was the 1st from the placing and speculation it would likely also be the 2nd from cashflow.

To confirm that all 4 are funded from "cashflow... as we certainly have lots of cash to fund the rest of the program" is not only some casual stellar news to drop in there but also underlines how good the netbacks and cashflow are at current production and oil price range.

Paul Baay commenting...

“As far as the funding goes on it…

We raised a bit of money in feb to answer the questions of how we were going to fund it, so you could see we had cash to clearly fund first 2 wells …. and then with the oil prices where they are right now and cash flow we certainly have lots of cash to fund the rest of the program“

think we might see one pop up.

meantime... worth another read :)

https://seekingalpha.com/article/4256785-touchstone-exploration-onshore-trinidad-oil-producer-imminent-3-well-drilling-program

yep... operational update plus Q1 results (revealing the very favourable continued drop in discount to brent) due in the next week or 2.

Every possibility we might see the 1st Ortoire drill ready to go ahead of June schedule... either way, its a matter of a few weeks away now and is transformational for TXP on a 95% COS... with more to follow.

March presentation here if anyone needs a quick recap... https://www.touchstoneexploration.com/wp-content/uploads/2019/04/March-2019-Final.pdf

https://www.investegate.co.uk/serabi-gold-plc--srb-/gnw/holding-s--in-company/20190501070000H0457/

As expected... Garraway did reduce / are reducing... reported to company late as crossed on the 16th.

Clearly some share shuffling going on with the net result being a bargain price atm imo.

Expect this to head north nicely when dust settles but don't expect jam tomorrow :)

2x today ... happy to make the most of the seller presenting this opportunity.

only in 2017 :)

disappointing ?... Did you miss the 20% buyback, growth and acquisitions ?

Let's crack on with more acquisitions please before draining the growing coffers with dividends.

Lots to like in there at first scan.

Excellent hedge at $69 achieved imo.

Also good reading ...

"The productive life of the Group's other assets continues to be extended. During the year the anticipated dates for cessation of production at B-Block have been extended from 2019 to 2021, Mordred and Galahad have been extended from 2020 to 2023, the decommissioning of Galley from 2021 to 2024 in addition to the material extension of Ross & Blake from 2024 to 2029 mentioned above. In the Netherlands, the cessation of production at Hanze has been extended from 2025 to 2031. Active decommissioning is ongoing in a number of areas, with the final phases of decommissioning the Halfweg asset being completed and the heavy lift at Markham ST-1 anticipated to take place this summer in the Netherlands. RockRose have commissioned an audit by ERC Equipoise of the various operators estimates of timing and costing of decommissioning. The detail of this report will be included in the readmission document to be published following completion of the Marathon acquisition. The main conclusion of the report is that the weighted average timing of the net post tax decommissioning cost has been extended from 2026 (at acquisition) to 2031 today."

Nelly...

1 - No I didn't.

B - It was a question.

iii - You are a troll.

River and Mercantile Asset Management went over 10% yesterday.

Curiouser and curiouser.

https://www.investegate.co.uk/serabi-gold-plc--srb-/gnw/holding-s--in-company/20190430144500H0378/

Nice reversal after the monthly Trump short the other day.