Member Info for 1750mk1

"To varying degrees, each single well could transform Touchstone from a little known small ‘also ran’ operator into something much larger. Any two success combination would be off the chart really. This also comes for a small capital outlay on each well and with access to nearby infrastructure, a rapid monetization and cashflow route is available. This is a very rare combination of positive factors in our view. For investors owning the shares at this price, there ought to be relatively low downside medium term risk. The currently producing assets cover more than the current valuation in our view whilst the upside success case could be a multiple of the current share price. "

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

Reckon PB is quite cosy with Heritage... be interesting to see what projects might transpire between them and Touchstone down the line.

Nice to see bid back up... gap filled and bouncing off support with buying pressure.

cracking link that Gizzy.... great find.

down to a 7.4% discount ! ... really good news.

Seems oversold, undervalued... and nice and quiet. Good combo.

It was only a poorly timed placing for rampers and script flippers who are in and out like yourself Nelly... so maybe not ideal for anyone looking to sell into JDA hype before news but of no consequence to mgmt and lth. End of the day there was a fickle, albeit brief, pi sell off on a nothing delay before the placing that took the price sub 6p... placing a few days later was at 6.5 so anyone could've bought lower a few days earlier. I don't blame mgmt at all for not taking into consideration the poor traders who were looking fwd to a pre news ramp to sell into.

JDA either happens or it doesn't... price will react accordingly and unless you plan to sell before then it makes no odds what games are played. If you don't think it will happen, then I don't see any reason to be invested... and less reason to run commentary.

It's a delayed trade so could be anything... but given the SP closed up and almost all sells from last 2 sessions have been sub 6.5... it may well be a buy fed from all those sub 6.5 sells.

Indeed... has been pretty clear that they are piling up the cash to fund the 2nd oritoire drill from production so happy days ... 2x transformational 95% COS drills coming up for summer along with development drill program restarting. Happy days.

... so can we have our rise back please :)

ok... big last 25 mins coming imo :)

You'd think Baron would know it's ex-div today... nice bit of averaging down there tho.

I've bought some back in today... also not 30k unfortunately :)

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that should read "US may need to be 2 days before ex-div" ... so 3 days before register date.

apologies... you are right I think chaps. I think US stocks may need to be bought the day before ex-div tho... something that was stuck in my mind hence my bad.

not here for divi myself either mate... just thought it worth mentioning.

may be lucky if bought today but I wouldn't rely on it and would buy earlier myself.

yes but it takes 2 days for the trade to settle and for your holding to be on register no ? ... but DYOR

missed it anyway... you'd need to buy tuesday to get a thursday ex div no ?

all good consolidating around here for the moment ... ideal timing too.

We have brent looking at 75 as we head into newsflow due in early May with operational updates (discount improved, netbacks improved, possible development drills restarting etc) ... then q1 results... then Corosan spud in June with 95% COS... or maybe even on track to spud early ???

Could be a perfect storm brewing.

Having been such a long time coming whilst being bounced over the inevitable delays and missed timescales... its all too easy to get too used to the JDA sign off being in the background and 'close' whilst losing sight of just how big a deal this binding agreement really is for NCCL

Don't forget or underestimate the massive de-risking event that it is and what it means for the company ... it's not just about excitement on twitter... it nails on the entire project that has been years in the making. It is effectively the company maker.