Member Info for highlandmatt

Sorry, PC had a fit while typing.

The headline numbers don't look great without understanding the reasons, North appear to be selling down, the commodity prices achieved aren't great, the tax is high, and all profits are going straight back in to drilling so there's nothing for shareholders at the moment. However, there is a clear path to much higher production, which should transform those numbers. It was always about maximising Cascadura to get 200mmcfd.

The headline numbers don't look great without understanding the reasons, North appear to be selling down, the commodity prices achieved aren't great, the tax is high, and all profits are going straight back in to drilling so there's nothing for shareholders a. However, there is nothing for shareholders at the moment. However, there is a clear path to much higher production, which should transform those numbers. It was always about maximising Cascadura to get 200mmcfd.

Does the RSI modelling work just after suspension?

I had to contact my broker to get trading restarted on the website, but topped up at 26.75. Very undervalued with the progress while suspended.

Fair point, but there is an element of impatience in the criticisms. For example, a review of the RNS released this morning will show that this is not a team sitting on its hands. A very cost effective team I might add.

Https://www.malcysblog.com/2024/04/oil-price-chariot-touchstone-jadestone-and-finally/

Yes, folk forget that PG is always working a few steps ahead. Sandjet is planned and booked, just waiting on paperwork and kit/personnel availability.

Spangle did a good pro/con on ADVFN https://uk.advfn.com/stock-market/london/touchstone-exploration-TXP/share-chat

The testing kit available on the island was maxed out testing Cas 1 and Cas Deep. Probably feel it's not worth the money and effort.

I believe the market is only seeing the headline production numbers not the downtime for optimisation, the drilling success and the resultant increase in reserves. We are now in a virtuous cycle where cash flow from operations drives the drill bit to prove up for resources and connect more production.

This RNS was the financial statement, so by definition backwards looking. Some companies do not say anything other than the numbers, so to get any update and comment is a positive.

Because another two wells have been successfully drilled? Or are you referring to the lower production numbers? Do we know how many days were lost to optimisation activities?

There's 100m barrels plus at Royston. Doesn't matter if you can't get it out.

Andy - the theory is that North are drip selling.

It will be more important for him to stick to his principles, and be seen to be sticking), than to deliver a workable solution for the country.

Yep, another top up for me as well.

Good price for the first purchase of the new ISA year.

And you can buy 4p cheaper than it was then. Amazing. Suspect a rush on Monday.

Yes, but there will be lots of 10% sellers as well, which will take time to churn through.

Keith - can we subtract the 8 days for mou5 from your calculation, as time to drill would be to TD, whereas the debate is about spud date? Either way, it's only a couple of months, and we have the highly anticipated Sandjet before that.