Member Info for John2727

The opening bell and as as news trickles through will indicate what most investors think of the T&T O&G investment changes

SP over the next week will either go down to 60’s or up to 1.05’s GLA

All why the worlds O&G sector looks at T&at and just laughs !

Since PB’s presentation and PB outlining the current delay is purely down to unforeseen government safety checks, I’m I the only one that now has a gut feeling that there’s a lot more going on in the T&G power trip concerning the start of the COHO gas flow. For TXP to keep absolute media silence while the SP heads back towards to 70’s is mind boggling and disingenuous to their share holders. If and when COHO does come online and the SP manages to clime above 110 I can see a major sell off for those who just wish to recoup their losses and get out of dodge and in turn rebound the SP back down towards 90-£1 until CASA is close to sign off, which I can’t see happening until Q2 or 3.

This has been so painful to witness over the last few years that by the end of the month it’s time to start listening to my gut!!

Hopefully tomorrow will see that RNS red dot that changes the above and yet another SP decline.

It’s definitely going to be ear opener with todays presentation!!!

So TXP announce 6 moths timeline for Casadura which means, IMO, that COHO is also near to the production levels to push this timeline. Since it’s a bank holiday in Canada and there’s a presentation on the 8th Sep then I’m expecting fireworks over the next few days

I can see 98p to shake the tree and then close at 104sh

This is indeed very good news for Touchstone, Trinidad and shareholders alike. Without too much repetition the development’s numbers are worth reiterating, capacity of 200 million cubic feet of natural gas per day, 5,000 b/d of liquids, 200 b/d of produced water and storage capacity of 8,800 barrels of liquids makes this a proper, world class asset.

Just to add to that the CEC includes the drilling of eight wells at two well pads (Cascadura B and C) and the establishment of associated pipelines and infrastructure within the Ortoire block which is again a major feat.

Put together with the recent moves at the COHO facility and pipeline, which in itself will be a significant milestone for Touchstone, representing the first natural gas production and expected to double current production on a boe basis, the CEC will complete a massive investment programme by Touchstone who deserve the huge rewards that will be generated this year.

After the COHO announcement last week I put a new TP of some 275p on for Touchstone which this announcement fully rubber stamps, today as I write, the shares are up another 15.8% at 113.5p which shows that there is still significant upside for investors both existing and new. When I first saw the maps of the Ortoire block with Paul it looked like a huge opportunity, with 80% of this he, and the whole management team deserve credit for bringing that into reality.

Love a good innings and hitting them for 6 all over the field

Paul Baay, joined Proactive London with news that the Environmental Impact Assessment at its Cascadura well has been completed. Speaking to Chris Rhodes, he stated the impact of this news will be ‘huge’ going forward and is very optimistic that now good relations have been established with the Environmental Management Authority, the way has been paved for ‘the next 10 years.’

Touchstone is moving ahead at ‘full speed’ and will hopefully be producing first gas maybe even by the end of this year. Make no mistake this extremely welcome news is a very big deal for the company and its shareholders. As I write the shares are up 23% which is good for shareholders but I would expect that these two announcements should put TXP up by a factor, in this case at least three times the current price would not be out of order as the numbers will be substantial.

Tell me why I like Mondays :)

18.4% rise over the 5 days . Long may it continue :)

With that I expect the market cap of the company to grow out of all proportion to the current £125m and be nearer five times that amount. :)

I can now only dream of the £1.75 reached in Feb 21. If only I listened to my wife and cashed in!

Exactly! And this is why Discord should now nominate and hold a vote to shadow and oversee the BoD. I believe Discord now have the collective amount of shares needed to make this happen

There’s several excellent and well qualified Discord share holders that stand out, who could easily take up the position and help push and pull TXP in the right direction! IMO

Well done Junky Monkey for making Discord happen

Red Rock put together a reply from PB to JM and a snippet below :)

However, with respect, we are not taking about constructing something as complex as the Nord Stream Pipeline, but a 3 km 'connecting' pipeline from TXP to the Shell facility. This in a jurisdiction that boasts over a 100years of O&G experience. It certainly does not provide a showcase for Trinidad that COHO has taken so long to complete.

Took a weeks holiday and said I would never check the share price and??? WTF

Never lost so much in one week as I have on this share but going to hold strong knowing what’s eventually coming and just happy it’s Friday and can breath for a few days. It’s most likely going to be Jan before we see any major boost in the SP….IMO I’m not expecting any big SP movement until ???

"Well, here's another nice mess you've gotten me into!"

No choice other than to double up at some point today and just wait and hope for a rebound.