Member Info for Sundayroast

https://www.valuethemarkets.com/2019/11/21/touchstone-exploration-smashes-expectations-with-superb-coho-1-drill-results-txp/

A game changing RNS every 4-6 weeks.

Log out and come back in 6 weeks and lets see where the SP is :)

Great day today but much much more to come.
Log results for oil play in 2 weeks.
Stabilized gas volumes and flow results 2 weeks after that
Then flow rates from oil play 2 weeks after that.

Yes i bought a load myself around this point.
As i mentioned before it seemed like a bargain at that price.
This is now completely de-risked.
We will now have now doubled production since this was at 20p and the SP is 15p.
Shows you how undervalued it is now.

https://www.***************************/touchstone-exploration-positive-well-test-results-represent-a-new-era/412798527

We all knew it was a no brainer buying at 13p.
Anything under 20p is a massive bargain.
There is no reason at all this couldn't be £1+ by this time next year.
The numbers speak for themselves.

I think those figures of 16000boepd are very conservative.
Maybe 16000 from the 4 targets in this current exploration play.
But now they have proven the geological model there maybe multiple more targets with 10's-100's of targets on each of these.
If you look on the map Oritore is HUGE!

The spread is incredibly tight 13.30 to sell and 13.31 to buy.
Not that it matters for us LTH
This time next year once we have results from all 4 drill this could be moving in 13p daily increments.
It's been a long wait but PB and his team have pulled it out of the bag.

Think most of the trades showing as sells today are actually buys.

https://www.valuethemarkets.com/2019/11/19/valuethemarkets-podcast-031-paul-baay-of-touchstone-exploration-discusses-the-higher-than-expected-initial-flow-rates-from-coho-1-txp/

So much news flow in the next few month.
2020 is going to be massive for TXP!

https://www.valuethemarkets.com/wp-content/uploads/2019/09/View-From-The-City-TXP.pdf

Page 6 of this document.
Ortoire prospects to add an impressive
c.60p/share to its 35p/share risked NAV estimate for
Touchstone.
So were looking at 95p a share :)

Shell, yes I do remember PB saying that in one of his earlier interviews.
This could have been early last year though so may struggle to track it down.
I don't think people understand the magnitude of Oritore.
The block is massive!

I'm not sure if I agree with this research. They value the whole of Oritore at 9p? Or just this first well?
This first well at 3000bopd should be worth 10p+ added to their value of 26p
The 2 oil plays have potentially 10s not even 100s of targets, all 1000bopd+
Then there is Royston 17000 boepd.
If all this is successful were talking an SP off pounds not pennies

Even better :)

And let's not forget "the monster" next year.
The Royston drill Similar to carapel ridge 1/2 TCF gas. Potential to pump 17,000bopd equivalent

Agreed, this is a world class asset. Remember they only need to lay around 3 miles of pipework to tie in to the processing plant. Extremely low cost and easy time in. The next drill is 95% COS. This could add another 1000+ bopd and thats just from one drill, there are several more targets on that field. I cant believe were cira £20mil MC. This is due a massive rerate

Nearly 14p to buy now. Let the rerate begin. Anything under 20p is a bargain

Looks like some solid buying now and starting to tick up.

It boggles the mind! We have more than doubled our production (once on line) and the SP increased by 10%. The market will catch on, as soon as this starts heading north everyone will pile in. Seen it loads of times before