Member Info for Sundayroast

Thought I'd do a summery for new investors. Please feel free to add and re-post.
Base production circa 2000bopd
3 exploration wells this year
1st to spud June, 95% chance of success, gas play which can potentially double production, close to infrastructure. so hook up very low cost circa £1mil
2nd to spud straight after 1st, 95% chance of success, oil play, could support 30-40 wells producing 3,000-4000bopd. Oil can pump directly to truck so no infrastructure required
3rd is a potential monster, similar to carapel ridge 1/2 TCF gas. Potential to pump 17,000bopd equivalent
CEO's vision 10K+ bopd in 2 years. If 3rd well is successful this would be smashed.
Many hints about potential JV's with Heritage

I originally invested here a long time ago when it was just over 0.3p made some good money in the early days. Down a bit recently after buying too high but managed to average right down yesterday.
Not a massive part of my portfolio as there is still risk unlike a couple of shares I own.
But I really like their tech and they have a very strong chance of doing very very well.

How it can change in a space of a day ha ha.
I topped up yesterday, a little too early but there was no chance i would sell today at 0.4p.
Hope not many people got burnt.

They have just tweeted that the lease prep has just started on their first exploration well. Not long now folks.

I'm here for the long game.
The SP will look a lot different in 2-3 months time.

Nice buy, cant see it going much lower than this with whats coming.
Unfortunately the 2 weeks delay has caused this drop.
Not long to wait though. Hold and accumulate.

Had a cheeky top up.
Spud is just a few weeks away.

Great news yesterday.
Seems very undervalued now.

We know a month is a long time for some investors/traders.
Holders don't want to sell as they may not get in a lower price.
Volume will pick up in a couple of weeks when we get closer to spud.
Other news may drop before hand so you don't want to get caught out.

Ouch, they took a big hit over there. Especially if you bought a couple of years back when at 90p. We haven't begun to make our climb north but it's coming. I have a sell price in mind here, buy low, be patient, stick to a plan and dont be greedy.

I will be buying more if it drops below 16p. No point selling though as we know what's coming. Plus the spread probably wont allow you to buy in much lower. Just a waiting game now until spud. Plus other new may drop. We could see some director buys

Giz, that's a great read.
The government must seriously be looking at SPT tax.
Looks like they have a serious gas shortage paying way over the odds. Things are looking perfect for TXP.

To have 2 x 95% COS exploration wells is unheard of.
Once we spud the first and the market is aware of this we will be trading a lot higher.
If the first 2 are successful then the sky's the limit regarding SP.
The 1st gas play will only cost $1mil to bring on line as its only a few km's from an exiting supply pipe.

I don't know exactly what TRIN are doing.
TXP will be drilling 3 prospects previously drilled in the 50-60's
The first gas play could double current production, 95% COS
Second play is oil could support 30-40 wells producing 3,000-4,000bopd, 95% COS
3rd is a potential monster, similar to carapel ridge 1/2 TCF gas. Potential to pump 17,000bopd equivalent

Hope that's answered your question.

https://www.valuethemarkets.com/2019/05/16/touchstone-exploration-online-presentation-paul-baay-discusses-q1-results-and-upcoming-drilling-of-ortoire-block-txp/

Brent is also moving north!

All will be revealed in 2 months time once the results of the first well is known. Then on to the next well straight away. The share will rocket. I've said it before I've never seen a 95% COS exploration drill never mind 2. We will see hundreds of new faces here jumping on the band wagon :)

Been interesting reading on the Advfn board over the last few days. Some good and bad points raised. I still dont believe the members posting the negative arguments realise the significance of Oritore. If the first to drills are successful this will be trading around the 50p mark, that's a fact. Raising money to bring those wells on wont be an issue. PB said in a previous interview that the 1st gas play would only cost $1mil to bring on line.

Looks like it could be a perfect storm for TXP this summer through to year end. I have a huge holding now but very tempted to get a few more next week while were stupid cheap

A parting gift for the weekend. PB refers to Royston as being very similar to a well that was drilled at Carapel Ridge. That well produced 100mil cubic feet of gas per day. If my calculations are correct that's the equivalent of just over 17k bopd

That would be a great vote of confidence if they did.