Member Info for Goodbody

RNS On 11th March:

“ The well has now shut-in for an extended pressure build-up survey which is expected to take up to four weeks, after which the Company will review the pressure data.”

Now six weeks, so news soon?
Come on PB let’s have an update please!

Agreed, think PB stated it would take about 4 weeks to change the rig in the yard to optimise the drilling. A smart move if it reduces drill time and cost and risk.
PB needs to start reporting all drill news. Investor confidence is shot, so a company like TXP which is not effected by corona and oil prices over the medium term should be shouting as loud as they can!
Trindid is doing exceptionally well with Corona mitigation/social distancing with their curve looking like its already flattening.

Hope all are well, GLA,

https://www.worldometers.info/coronavirus/country/trinidad-and-tobago/

With news on the near horizon any positive news on oil and this will rocket....

At 41p oil price we make same profits as 50p as no SPT. So some benefits from having a tough fiscal regime on oil. It makes the company lean and robust in these situations!

https://www.glossary.oilfield.slb.com/Terms/p/permeability_thickness.aspx

https://www.glossary.oilfield.slb.com/en/Terms/b/buildup_test.aspx

From 11th March RNS. 4weeks ago. Sounds like we should get to know actual production rates soon, and remember that they maxed out the flow testing equipment so expect higher rates!!!!

“· Downhole pressure recorders are expected be recovered in approximately one month, and the Company will subsequently use the pressure data, in conjunction with geophysical mapping, to define resource potential.”

Safe share indeed.

https://youtu.be/8uxsnH3UJlE

https://www.*************.net/ceo-qa-with-paul-baay-at-touchstone-exploration-lontxp-4/

https://www.proactiveinvestors.co.uk/companies/amp/news/212816

Good summary. Hopefully the data loggers are pulled soon and we can estimate what the actual production flow rates will be. Given the equipment was maxed out I’m guessing much more than we expect.

Also end of the tax year so people won’t be booking losses to offset taxes after today. Could expect a nice rise over the next few weeks as more new approaches.

Hopefully news on the horizon

I believe they only had to commit to three drills for the licensing agreement on the block. The fourth (originally Chinook was a bonus drill they wanted to do) but now that is number 3 as it is simpler to drill. So once this is done they have met the minimum commitment. Sensible to then see how things go with oil, corona etc.

?? lol, yeh I hear Tesco’s have one in there warehouse toilet!
will be up by lunch. TSX open will sort these crooks out.
I’m Chilling (as instructed!!!!)

Ok PB, you need to step in cause this is BS!

Starting to tick up

Get ready for a big surge! Hopefully this will rally some today. Can’t help but think Canada spike had something to do with orders clearing.

I think the subtle deramps show what a good stock this is. Most people know it’s good, so they can’t blatantly say the opposite, thus we end with subtle doubt making going on. Plenty of PIs sitting, waiting for a lower re-entry point. Hopefully this will turn to the upside quickly and catch many out. Seems Canada values the company noticeably better than AIM does.

Virtual no stock on the ask. Just keeping it down hoping for sellers!

Talk about holding a good stock down! Well at least it shows the big fish want in!

Yes, I did say revenue not net profit.

They believe £8m profits next year but let’s not knock even $3m profit, we all know they work in a challenging country when it comes to taxation and they are doing extremely well. Better than most AIM oil companies with far bigger MCaps that produce absolutely nothing. Given CasCadura is a certainty now and probably profits in excess of £12m completely doable for the single well...priced in......NO!!!!

But don’t need to take my word for it.....
See post below:

Forecast $8m profit next year!06 Mar 2020 17:05
And that’s just on what they know now!!!!

https://www.proactiveinvestors.co.uk/companies/news/914487/touchstone-exploration-set-for-step-change-as-it-gears-up-for-imminent-new-cascadura-testing-914487.html

He added: “we significantly upgrad our FY2021 production forecasts and now estimate a US$7.7mln bottom line profit next year.

“Our latest forecasts (and recently upgraded sum-of-the-parts valuation) are intended to provide a conservative baseline ahead of a further update on Cascadura testing.

“We therefore continue to see an upside bias to further revisions, as more information emerges in the near term.”