Member Info for danawinner

£18.50

https://www.pressreader.com/uk/daily-mail/20200704/283253100189652

Very pleased to see that we are the Daily Mail Punt of the Week.
Punt of the year, more like.
A warm welcome to all prospective shareholders. You will find a lot more on
https://www.facebook.com/TouchstoneExploration/
£1 is a real possibility this year, with two great gas finds and two more to come this year.

Maverick, I am perfectly happy. I'm not bothered at all by Tolmount.

Sold at par.
https://www.londonstockexchange.com/news-article/TRIN/sale-of-us-2-8-million-in-vat-bonds/14596128

Rookie, I think that big companies always adopt a worst case scenario to cover their ars*s. My experience of land decontamination is that you can usually bring it in at a much lower cost than anticipated unless you hit a massive mercury sump or something really toxic.
I think that it is probably a bit early to tell.
As I understand it, there are only three decommissioning yards of any subatance, Aberdeen, Teesside and Harland and Wolff in Belfast, so a bit of a closed shop, but I am sure that the Dutch, the Danes and the Norwegians will get in on the act at some point.
I may be mistaken, but ironically, I have read that the rigs have become artificial reefs and have helped significantly in fish breeding, and the greenest thing would actually be to sink the rigs, once cleared of oil etc, as it would provide shelter and no fishing boat would go near as it would trap their nets.
That may be a 'pipe' dream, but as it evolves, I think that there is a chance that the marine ecologists will want to keep some of the structures, but the Oslo Paris Agreement blocked it. That could be revisited now we are out of the EU, I hope.
This is worth a look. https://en.wikipedia.org/wiki/Rigs-to-Reefs

Those of you that are old enough, ICI used to be the UK's number one company. It was the first UK company to make a profit of £1 Billion back in the 1970's. The Zeneca bit of AstraZeneca was the small pharmaceuticals division.
ICI was known as the 'Bellweather of British Industry'.
Much of the profit was generated by the Agricultural Division in Billingham, where more than half of the world's ammonium nitrate fertiliser was made, and it employed 55,000 people there. The key to the profitability was a 30 year fixed price natural gas contract at 6.5 pence per therm.
ICI, like the big oil companies such as Shell, BP, Exxon etc was a very benevolent employer, with good salaries, staff facilities and a gilt-edged pension scheme.
Like the oil companies, staff costs and numbers were overweight and it ate into the profits until it was finally broken up into Zeneca and other divisions such as Dulux paints, Nobel Explosives, Chemicals and polymers etcetera.
The assets and plant were all sold off.
A smart bloke called Jim Ratcliffe bought the Runcorn ICI site, BP similar assets in Holland and has made a few quid since then.
All that I am saying is that overweight companies like ICI and BP cannot make these things profitable because of ludicrous operational costs, whereas small lean companies like Ineos and Rockrose certainly can.
That is why the likes of Exxon can afford to pay to get rid of them, because the operational costs savings and taking the decomms liabilities off the balance sheet is a huge net gain to them.
I remember when ICI sold many of the property assets to a company for £1 as it got rid of a £4.5 Billion decontamination liability off the balance sheet. Most of that land has been decontaminated for a fraction of the predicted cost and used for development of housing and commercial property.
All I am saying is that the likes of Exxon have a real incentive to offload the perceived liabilities to make them more attractive to institutional investors.
The likes of Rockrose can then 'clean up'. Boom boom Mr Roy.
We will make a lot of cash, the same as Jim Ratcliffe.

Paul has previously stated the following;
Interestingly, Touchstone did not announce the spudding of Cascadura-1, which is unusual for an oil & gas company in this market. I pressed Baay on this point:

“We decided early on and disclosed this in the releases before that we would put an RNS out when we started the programme, which was Coho-1, and we’d give updates when we had information along the way. We look at this as a programme and we don’t look at this as individual wells, and so when we have the logs down on Cascadura-1 we’ll put those results out, and when we have the test results out from Coho-1 we’ll put those results out too in a separate release. From our point of view, we’ll put out releases that have material information in them. We don’t want to be coming off as promotional where we release that we’ve spudded a well – to us that’s not material.”

Strange really, perhaps Paul will be a little more forthcoming this time, because from my perspective, it really is material and there is no doubt that this is price sensitive information which should be announced in an RNS.
Similarly, when the NGC framework announcement was made by NGC ahead of an RNS, I questioned Paul over that, and he said it wasn't price sensitive. The SP jumped 20% upon the news, although it fell back during the day once North sold into it.

Downtothebone I think that you are very wise to put your house deposit on this one!
It may also be worth having a look at RRE or SQZ if you want to spread the risk/potential upside a bit, but as always dyor.
One advantage that you have with TXP is that if you still have friends and family in Trinidad, you can ask them nicely to pop down to the Chinook drill site in the evenings in six weeks or so and watch out for a massive flare stack.
If they see one, perhaps you would like to share the news with us?
It is not insider trading, a 200 foot tall flare lighting half the island is very definitely public knowledge!
We really do look forward to hearing from you!!!

Yes. Unless they take any notice of my email to them.

Dear Andrew,
I am a shareholder and have enjoyed and suffered the ups and downs of RockRose, to a much lesser extent than you have!
I was very pleased with the introduction of the dividend, which has generally been very well received by the market.
I believe however, that the current policy is holding the share price back.
I know that quarterly reporting would be a pain in the a*se, but I think that doing this, together with a quarterly dividend would enhance the value of company.
We are now being unfairly compared with the big boys, and our price/earnings and also dividend yield is nonsensical compared with our peers.
In view of the cash pile, and the fact that we are still profitable (hopefully) I believe that if you were to increase the dividend to say 40 or 50 pence per quarter, we would see a substantial rise in the share price nearer to realistic values, without adversely affecting its affordability to the company.
I realise that you have a plethora of respected advisors and financial gurus considering this, but from the Private Investor's perspective, and possibly from an Institutional one, a less cautious dividend policy would be very attractive.
Unless of course you would rather pull a large Mountain Hare out of the hat, which would be equally effective.
I don't expect a response, as I hope that you are far too busy stealing some assets on the cheap from Exxon, but would ask you to give this idea three minutes' worth of consideration at your next Board/Executive meeting.
With thanks and regards,

Maverick, I think that we are now being valued by the market based on our potential dividend stream more than anything, just like a big oil company. We are small though so we cannot expect the p/e multipliers of the big boys.
I think that AA and the board will realise this, and will actually raise the dividend this year, as in spite of reduced profitability this year, a dividend of in excess of £1 would still be covered very well, and is insignificant compared with our cash pile.
I can see an initial dividend of £1, and a further dividend of 50 pence as a final. This would be very sustainable.
I quite like the idea of quarterly payments, this would definitely smooth the share price progression.
That would give AA a nice little earner of £3.5 million over and above his salary. and should boost the SP by at least 50 percent.
If AA however would rather take us private, this won't be in the plan.
Time will tell.

I have been in and out of RRE over the last year, generally with success.
Last week I felt that it was time that AA made a deal announcement and trimmed 100,000 TXP shares to come in here again.
Of course TXP has had its blue touchpaper lit, and RRE has languished. Sod's Law.
I sincerely hope that moving in here was not a longer term error, and still have confidence that we will make a quantum leap in the next month or so.
I only wish I knew when it is going to be, but that's the stock market for you.
COME ON AA PRESS THE RNS BUTTON!!!

Buffy, thanks for posting that, it saved me from logging in to Shares, which I stopped using when they stopped you from seeing the detailed share price graphs and changed its name to shares.
I think that we can expect to see some fairly large delayed trades today, the apparent lack of trades for 10 minute gaps tends to presage this from past experience.
We shall see. I think that we will have a ten percent day today. Bring it on.

Nice to see 57 paid though

Rusell, I think that it is a gentle awakening in the market that this is a share with enormous potential.
We all know that it can be slow to respond.
I think that all the social distancing and lockdown has meant that the usual share tips that circulate 'down the pub' have not been happening as much, and after the weekend of the 4th/5th July, we may get a bit of a fillip.
Me and my mates have got pub tables booked for both days, so I'm not sure if anyone will be in a fit state to remember the tips, but we shall see.
We last got a decent tip in the Daily Mail on the 30th November last year, when we were at 15 pence. There must be some very happy campers, time for them to give us another shove imho.
Perhaps the team is too busy to worry about promotion, it must be fairly tricky from Canada in the current situation, but PR is generally excellent.

than the last few months.
A month ago there were as few as 20 planes in the sky over the UK, today it's about 400.
A good sign that the demand for jetfuel will reduce oil stocks.
https://www.flightradar24.com/53.13,-3.01/8

https://www.londonstockexchange.com/news-article/SML/results-for-the-year-ended-31-december-2019/14589030

changed its name to 88 Energy.
That worked well, didn't it?

Mr Schachter has an interesting track record, let's hope that he doesn't jinx us.
PAST PICKS: JUNE 20TH, 2019

SURGE ENERGY (SGY TSX)

Then: $1.19
Now: $0.38
Return: -68%
Total return: -66%
TAMARACK VALLEY ENERGY (TVE TSX)

Then: $2.28
Now: $0.92
Return: -60%
Total return: -60%

Birchcliff looks cheap to me one of his other recommenations.

https://www.bnnbloomberg.ca/josef-schachter-s-top-picks-june-23-2020-1.1454910?spUserID=MjkyOTE0MDMwNDQzS0&spJobID=1724022253&spReportId=MTcyNDAyMjI1MwS2&spMailingID=32292145