Member Info for tidd83

TXP £14m, CERP £37m, TRIN £52m. TXP on fundamentals sits in the middle yet is valued at less than CERP who have less reserves and a third of TXPs production! Already cash flow positive here also, stupidly undervalued.

Hi iptuf yes see below for the recorded webinar http://www.valuethemarkets.com/index.php/2017/10/19/exclusive-touchstone-exploration-ceo-paul-baay-presents-shareholders-txp/

Q3 results. Given what the webinar alluded to I would expect the strong figures to give the market another jolt. Cash flow positive, cash in the bank, decent reserves booked and nice acreage with large upside, low opex and capex costs, 1600bopd productionwirh 4 more wells coming online this year and a potential for 20 more next year targetting 2000bopd/5000bopd respectively. For an MCAP this low this is still a bagger and then some with ease.

Eddie it will cool off and move again, RSI was overcooked for days. Let the momentum traders jump out and value seekers will come in to move it up. A lot of sellers here won’t have a clue what little gem they have just bought and sell themselves short. The price can only go one way on fundamentals.

It could be worthwhile doing it, not really a cross ramp just informative to all T&T producers I guess.

Not a bad day, minimal sells and price held steady. No severe drops, forming bases along the way, slow and steady wins the race.. the next leg up should push on well. Not one to sell out for £15m, true value is way north of here.

Let the market digest the news, it will move it - its an excellent webinar and a strong investment case trading at a big discount

Im testing it now, so far it looks fine to me?

Same action as yesterday, rinse out then pickup the slack.

Next wave. You should never sell what you can’t buy back easily.

Trading* Morning Kums. Keeping an eye out for the webinar on value the markets it will be worth a second watch and if you haven’t seen it I strongly suggest you do!

He also notes like we all do the Company is reading at a very low multiple against its peers even now after the rise.

Will be the thing to note today, much easier to contact your broker or place a limit order to be filled.

Nevo looking at the fundamentals 30p+ is achievable today on current figures alone. With more oil it will likely surpass it, Q3 results should make for excellent reading, the previous statement did not include the additional oil being produced but capitalised the exploration and development costs. So, it should show a big jump.

Should be a strong day, given the struggle to pickup shares yesterday the demand is certainly outstripping the supply. A company that is cash flow positive, about to embark on a 20 well program next year with additional wells before year end which should target 2000bopd, already producing 1600bopd and has P2 reserves booked at 15.7mbo with cash in the bank should not be trading at £15m especially when it’s close peers are 3-4x it’s MCAP, one of which CERP has less! If you can pickup stock here it’s certainly worth sitting on it, even at 30pps this Company will be valued at less than its nearest rivals - the current MCAP does not even reflect the P1 reserves booked.

Absolutely a buy and hold, there was nothing about at the end of play today.. the only way to go is to push it up north to realistic valuation.

Also new wells only perforated about 60 feet of pay from a much much larger zone, limitations of T&T which all operators must adhere to but they are looking to collectively change. Regardless, the recompletions on the wells as each zone finishes obviously saves on capex and gives the well a long life.

It has been recorded and will be on their website. Excellent interview, upside here is phenomenal - expect the 4 wells to surpass the 2000bopd and going for 5000bopd. Don’t need to raise and expect drilling of 20wells or so next year, one well drilled every 15 days. Already cash flow positive which we will see in the Q3 results.

On Now 7:30pm GMT https://vtm.clickmeeting.com/touchstone-exploration

Cover, you should never sell what you can’t buy back easily. Expecting some late prints later but looking forward to the investor webinar this evening. Q3 results also due anytime and I’d expect the bopd to have increased even further. Tomorrow should show demand this is too cheap, as I’ve said nobody has missed the boat the upside is still large from here just to even get to fair value.