Member Info for Sundayroast

From what I can figure out the shares from the last placing have had a restriction lifted so they can be transferred to the Canadian stock exchange. It's not good or bad and wont affect the share price. Look at my last post, the article is a good read. Spud in a matter of days. I think it will be early part of next week.

https://www.valuethemarkets.com/2019/06/26/excitement-quietly-growing-at-touchstone-exploration-as-first-ortoire-spud-approaches-txp/

If Baay’s enthusiasm for Ortoire passes the judgement of the drill bit, the company’s stock will more than likely trade at a multiple of where it is now.

"With the COHO-1 spud only days away"

"Our model indicates it could generate a return of anywhere between 400-1,000boepd to 3,000boepd."

Ready for liftoff?

Buys coming in fast now. So much more to come

Fantastic update, 2P NPV10 of US$226 million.
Already producing circa 2000bopd
MC of only £20mil
Whats there not to like

Agreed, slower daily rises for bigger gains.
Not many small cap AIM oilies actuality making good profits.
No real downside here and massive upside.
I wont sell until at least 10p, may take a few months but thats fine by me.
Still hugely undervalued on current production/cashflow alone.

Buys coming back in.
Imagine what this will shoot to once they announce the financing.
That's what I'm waiting for.

Cant blame profit takers.
This is a long hold for me.
By year end I expect to see double digits, some game changing news on the horizon.
Lost too much money in the past day trading.

Still under the radar but the constant buying over the last few sessions shows people are starting to take note.
Bought some LEK Friday, see big things over there this year too.

Ticking up nicely again.
With spud imminent people are taking positions.

Lots of buys today.
Should see some real movement once spud is announced. Fingers crossed this week.

Pressure definitely building. Just MM's or a seller holding this down. MC isn't representing the current production and cash in the bank. Only a matter of time before it re rates

I wouldn't worry about the day to day trades. This is ridiculously undervalued. Just read over the RNS again, really cant believe the MC. This is a long hold for me. Once financing is confirmed for the drilling program this will sky rocket

Can only buy in small amounts now. Looks to have bottomed out.
MM's doing their work on this one.
Very undervalued and I can see a huge re-rate over the coming months.

Been keeping an eye on LEK for quite some time.
Great RNS yesterday. Didn't think I would have the opportunity to buy so low again.
The MC of £17mil for a company producing circa 2000bopd is ridiculous.

Certainly a lot of buying today.
Wonder if PB gave any juicy info out last night during the presentation?

Indeed, success with the first 2 will prove out the block and definitely add confidence.
Plus there will then be a lot more PI's joining the party.
On hype alone for the last well we could see some huge gains.
Now is definitely the time to accumulate and hold.

I agree, Oritore is a game changer.
The last gas play could send the SP to 100p, I don't usually like throwing out such huge rampy numbers.
But if its as big as carapel ridge then it really would be worth that much.
The last play is more of a gamble though hence not leaving in my entire holding for this.

20p is just the start.
I see big things here. My first take profit target is 30p.
Next take profit level 50p
But it we get some outstanding figures I may adjust these levels.
GLA and roll on that spud!

Did anyone go last night?