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We would like to thank our partners and contractors for their support and attention to safety during the facility construction and commissioning process. Our team will now focus on optimizing Cascadura production and planning a future drilling program to fill our existing Coho and Cascadura facilities."
TOUCHSTONE ANNOUNCES COMMENCEMENT OF CASCADURA PRODUCTION
CALGARY, ALBERTA (September 7, 2023) - Touchstone Exploration Inc. ("Touchstone", "we", "our", "us" or the "Company") (TSX, LSE: TXP) announces that the Cascadura natural gas and liquids facility has safely delivered first production. Touchstone has an 80 percent operating working interest in the Cascadura field, which is located on the Ortoire block onshore in the Republic of Trinidad and Tobago. Heritage Petroleum Company Limited ("Heritage") holds the remaining 20 percent working interest.
Natural gas and associated liquids production commenced on September 6, 2023 and the Company intends to increase gross aggregate natural gas production from the Cascadura-1ST1 and Cascadura Deep-1 wells to 60 MMcf/d (10,000 boe/d) plus associated natural gas liquids over the coming weeks.
Natural gas and associated liquids production from the Company's Cascadura wells is separated at the Cascadura facility on the Cascadura A surface location. The facility operates as a self-contained system, capturing all natural gas from the separators and liquids storage tanks and recycling it back into the system to increase sales volumes. Additionally, the facility sustains its own power requirements through onsite solar systems and natural gas generators and is entirely independent of the Trinidad power grid. The facility has a designed gross production capacity of 200 MMcf/d and 5,000 bbls/d of associated liquids, with a current gross production capacity of 90 MMcf/d and 2,250 bbls/d of associated liquids (17,250 boe/d).
The facility was constructed over the past year and represented approximately 110,000 work hours of local employment using Trinidadian contractors and fabrication facilities. Throughout construction and commissioning, the project recorded no lost time injuries.
Natural gas volumes are transported through a 20-inch pipeline constructed and operated by The National Gas Company of Trinidad and Tobago Limited ("NGC") and sold to NGC pursuant to an Ortoire natural gas sales agreement executed in December 2020. Condensate volumes will be transported via tanker trucks to the Company's Barrackpore liquids sales facility and sold to Heritage pursuant to a Cascadura field liquids sales agreement executed on September 1, 2023.
Paul Baay, President and Chief Executive Officer, commented:
"The commencement of production from Cascadura marks the most significant milestone to date in the Touchstone journey, transitioning us to a majority natural gas weighted production company. Our fixed price natural gas agreement will deliver a significantly increased predictable cashflow stream to be reinvested in the future development of our extensive Trinidad asset base. Cascadura represents the second producing area on our Ortoire block, where we have multiple defined development prospects, alongside a significant pipeline of long-term exploration prospects.
Now satellite images of retail parking lots are used to determine customer numbers and infer performance. Same thing, just newer technology!
https://www.aegplc.com/download/open-letter-to-ms-sorg/?wpdmdl=2536
Not quite that simple, around £40m debt to consider for starters.
It only covers two Codemasters titles. From the 6th Dec 2018 RNS, the exclusive contract is: "to provide native in-game advertising within two of Codemasters' titles, beginning with DiRT Rally 2.0, the sequel to the successful BAFTA nominated DiRT Rally."
So it won't include Project Cars, but if performance in DiRT 2.0 and the other title is good you would expect Bidstack to have more opportunities with CM.
How quickly do you think they should respond to their contact form? Unless you're going to share with us the opportunity your online marketing company has for Bidstack, there's no way of judging if you're deramping, posting in good faith or just impatient.
If you want to spend a few £k with them I'd prefer them not to waste time replying to you right now, they've bigger fish to fry.
On the other hand if you're bringing a large client portfolio with multiple £M annual marketing budgets targetting audiences reachable through gaming, then I'll join you in saying they should have got back to you by now. Since you're here complaining rather than running your company, I'm gonna stick my neck out and gamble on that not being the case.
For now it does seem to be taking that broker role, and owns the delivery platform too.
As the market matures I'd expect to see an auction system similar to Google AdWords where advertisers bid for placement in premium games, and in premium spaces within those games. All automated, so game developers only have platform integration to worry about, not creative integration, and advertisers can get almost immediate impressions in games if they're willing to bid enough.
Anyone who posts on here, whether bullish or bearish should provide reasoning and evidence for their views. If you can't articulate the reason for feeling 'slightly uncomfortable' it benefits no-one to share it here.
You said in an earlier post that XLM had "very little connection to sport betting". That shows how little you know about the company.
349k shares traded is hardly "blanket sales".
Are you still invested here wahgu? You do a lot of talking XLM down without much evidence to back it up.
He's committing to invest $50m in the new company if the bid is successful. Read the RNS: "Joel Leonoff currently has interests in ordinary shares and options awards (which shall be subject to Rule 15 proposals) that in aggregate represent 2.27 per cent. of the fully-diluted issued share capital of Paysafe. It is anticipated that he re-invests $50,000,000 (representing approximately 63.5 per cent. of his net proceeds from the Proposed Transaction) such that he holds: (i) 'sweet equity' in the form of A ordinary shares (the "A Ordinary Shares") to be issued by Pi Topco Limited that in aggregate represent 2.37 per cent. of the fully-diluted issued share capital of Pi Topco Limited at the date of issuance and prior to the operation of the ratchet (to rank pari passu with the shares in PI Topco Limited to be held by the Consortium); and (ii) B ordinary shares (the "B Ordinary Shares"), preference shares (the "Preference Shares") and/or loan notes (the "Loan Notes") to be issued by PI Topco Limited or its subsidiary, Pi UK Holdco I Limited (on a pari passu basis as those issued to the Consortium in respect of its funding of Bidco to finance the Acquisition)." He's not retiring any time soon, there's too much money for him to make taking Paysafe private.
Well, we've been royally shafted. Looks like it's all stitched up tight, nice packages for the BoD and management, nothing in it for PIs. So sadly looks like we're going to have to sell for 590p. :-(
From the RNS, record date is 2nd June so ex-div date is likely 31st May: "The Board has declared an interim dividend of 3.7 pence per share (2016: 3.5 pence), an increase of 5.7%, payable on 21 June 2017 to shareholders on the register at 2 June 2017. The continued strength of our cash flow generation has also enabled us to fulfil our previously communicated intention to make an additional capital return to shareholders. Therefore in addition to the ordinary interim dividend, the Board proposes to pay on the same date a special dividend of 9.5 pence per share."
Are you basing your PE calculation on the 2015 figures or the half-year report figures? By my calculation the PE is significantly lower than those of similar companies, and most definitely not "way off the planet".
Short-term: Little to no prospect, and that's as it should be IMHO. Given the scale of growth JL has talked about lately we can expect more acquisitions, and debt to be paid down. Now we have share a buyback programme too, which IMHO is a much better way of returning value to shareholders at the moment, especially with the manipulation we've seen recently. Medium/long term: Of course. Anyone long expects Paysafe to be a highly profitable business in time, and I'm sure dividends will be a part of rewarding shareholders. But what that time frame is is anyone's guess.
It's a great acquisition. Being able to supply gaming clients with an integrated payment and affiliate platform is a fantastically strong offering, and Income Access have a clutch of top-tier clients already.
Ah, thanks, that makes sense. I've done a bit of trading on the way up, current plan is to hold for the long term though, so daily movements pass me by a bit.
> Shortage of shares? Wouldn't that drive the price up? (I'm not an experienced investor so this is a genuine question.)
It's an automatically generated (spun) article, worth the paper it's written on. Here are some others showing the template in action: http://www.financialmagazin.com/whats-in-oil-india-limited-after-reaching-52-week-low/ http://www.financialmagazin.com/is-mesoblast-limited-a-sell-the-stock-reaches-52-week-low-today/ http://www.financialmagazin.com/lend-lease-group-sets-52-week-low-strong-momentum-for-sellers/ http://www.financialmagazin.com/is-central-rand-gold-limited-a-sell-the-stock-reaches-52-week-low-today/ They've got a 52-week high version too: http://www.financialmagazin.com/hub24-ltd-cant-be-more-hot-just-reaches-52-week-high/ A completely worthless waste of bytes.
Well it's hardly news or revelatory, without more substance it's just journalistic padding: "as traders said Worldpay was a possible suitor." That's a Captain Obvious quote, of course they are a possible suitor. There's no mention of sources, it's just puff.