Member Info for Sundayroast

Looks like a slight tick up.
We should see news by the end of next week for both drills.
None of Oritore is currently priced in so we could see some big runs north if positive.

Remember they have already put in a lot of money for Chinook also. We know the bridge there is built. The company seems very aggressive with this drilling campaign. No messing around and that takes capital. I really dont think they would have got more money if they couldn't make some guarantees on both the 1st drills so I really believe great news is coming. It also gives the SP a chance to head north before results which isn't a bad thing. The chart looks quite bullish and I cam see 15p+ in the coming weeks prior to news

We now know the results are 2 weeks away.
I think the reason for the sells are people are pulling money out to chase rainbows elsewhere.
Money will start coming in again after a week or so on the build up to news.
The RNS was an extremely positive one, NO DILUTION!
Plus we will start to monitise from Casca straight away if successful.
Well done PB

Fantastic news, shows a lot of confidence.
They must have put a strong case together to get those terms.
And no dilution, happy days!

I agree, there are loads of other oil companies with higher MC's who are producing nothing.
You have to look at the risk reward here.
TXP isn't a company who will have dilution after dilution to find wild exploration drills.
Very little downside but tremendous upside .

In a week or 2 I'd say anything under 20p is going to be a gift if the results are what think they are.

Looks like a big buy may have gone thorough.
The ask has gone up and its NT to buy anything at the moment.

Certainly not hanging around

So whats our predictions for dates on Coho and Cascadura?

Hopefully we can see a bit more movement in SP before new drops.

Nice to see some more volume today.
Good things are coming here soon

I just had a small top up, 7,687 @ 12.85p

Not long to wait now.
Hoping to see a rise in SP this week in the lead up to results.

Our time will come. Not much longer to wait. Seems like the markets reacts well to actual flow results. We will have COHO soon and Cascadura a month or so after that.

Good post Zeus, well said.

In other Trinidad news.
RRL sell their rigs for a fraction of their cost and the price goes up, AIM is crazy.

It was mentioned in the last value the markets presentation. A very good listen if you have time.

https://www.valuethemarkets.com/2019/10/09/video-touchstone-explorations-paul-baay-details-trinidad-focused-firms-plans-for-ortoire-in-exclusive-valuethemarkets-presentation-txp/

Ross does like to bash CERP, can you please take him back from the TXP board ha ha.

It's like they were listening to me ha ha

https://www.valuethemarkets.com/2019/10/22/5m-vat-repayment-adds-significant-strength-to-touchstones-balance-sheet-txp/

Yes they have already had a raise in Feb to kick off the drilling campaign.
PB has said he doesn't mind blowing money to make these commercial but he said that might not be a placing.
The development program he wants to fund from cash flow.
We also have that big VAT rebate coming our way. I believe that's circa $5mil.
Not sure why you're giving all CERP's figures here? Lets concentrate on TXP.