Member Info for Goodbody

https://www.**********.co.uk/blogs/widecells-group-wdc-tom-winnifrith-malcy-rrl-cerp-txp-trin-rre-lam/ (Interview starts at 21 minutes 40 seconds)

http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1521562455704892500.html

oil sales of 1,521 and 1,552 barrels per day for jan and feb and continues to increase Current field estimated production is approximately 1,705 bbls/d (based on the previous seven-day average).

touchstone on pg8 & 9. Good summary of trinidad oil companies plans. http://www.baystreet.ca/articles/research_reports/edison/Edison-Exploration-watch-030818%20.pdf

"The updated reserves report confirms the large reserve base consolidated by the Company and the opportunity to significantly increase production over the near term.” . “With the current drilling and recompletion program the Company expects to rapidly convert reserves into production, cash flows and earnings."

We should get the Q4 operations /end of year report in March. Will be interested to see how revenue has increased since the previous quarter with oil prices higher. Since operations were already profitable this additional revenue should look very good on the balance sheet.

Mcap of 15m......great opportunity. crude sales of 1,369 and 1,472 barrels per day for the months of September and October respectively Third quarter results, released November 14, revealed that Touchstone had generated some US$1.387mln of revenue in the three-month period. www.proactiveinvestors.co.uk/companies/stocktube/8718/touchstone-exploration-gets-underway-with-new-10-well-programme-in-trinidad-8718.html www.proactiveinvestors.co.uk/companies/news/191313/touchstone-exploration-set-for-a-phase-of-value-adding-catalysts-as-new-drilling-campaign-kicks-off-191313.html

Anyone know what just happened Txp on tsx up 19%

A bit of history of one of the oil fields. http://www.guardian.co.tt/lifestyle/2017-06-24/tattoo-gangs-trinidad’s-oilfields

Looks like MMs just re-testing yesterdays low but no volume this time. Can see this ticking up soon. Touchstone exploration presenting in London on the 28thNov https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-281117

Strong results. Netbacks up, production up, one well drilled, 4 approved for drilling, 3 recompletions. Loan in place, so low risk of needing any further financing to meet contractual agreements on the exploration side. Solid foundations with a low risk strategy that looks to be working.

Beat me to it tidd

They crossed the threshold on 10th which is when the brakes came off and this started to move up. based on recent volumes i doubt they are resistance anymore.

http://www.proactiveinvestors.co.uk/companies/amp/news/184536/touchstone-exploration-to-push-ahead-with-trinidad-programme-after-early-success-184536.html Not new (25th Sept) but a good positive article.

Bought in today as well. Low opex and development costs means good margins and low risk to oil price fluctuations. With P2 NPV of $77m for recompletions and NPV P2 of $154m for new wells it looks very promising. Presentation on the company website is definitely worth a read for new investors.

Sustained gold prices could certainly help. Current PE ratio is about 10. Given that S&P500 PE ratio is 24, FTSE100 is 30 and that growth stocks often have much higher PE ratios the current broker price target of 41p does sound reasonable even based on last years performance alone. If the current gold price is sustained, (for like for like production this year as last) it would add an additional £3m to the profits, halving the PE ratio and doubling the potential price targets. Add to that the strengthening £ against $ then all the better.

Looks like the buyer(s) moved up to 19p on friday. Sizable delayed publication trades from friday were added this morning.

This might tick up again this morning. For the past week most volume has been delayed buy side trades of 50k-300k volumes. For the past couple of days these were at 17.5p but last night these moved up to 17.75p. looking forward to exploration news from their columbian prospect which could be soon. To me this is a great little company with a strong future ahead if they keep with their strategy which looks to be working based on their end year results.