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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (56977)	3/28/2019 8:07:24 PM
From: Goose94	Read Replies (1) \| Respond to of 202371

Touchstone Exploration (TXP-T) biggest volume day of the year.

To: Goose94 who wrote (56977)	7/25/2019 8:18:11 PM
From: Goose94	Read Replies (2) \| Respond to of 202371

Touchstone Exploration (TXP-T) you know the story. Josef Schachter Touchstone is active in Trinidad and via recompletions and drilling raised production in Q/19 to 2,121 barrels per day up from 1,543 in Q1/18. The exciting upside for Touchstone that attracts us and why we are recommending this stock for the first time is their three well high impact exploration drilling program to start mid-August. The targets are both natural gas and oil and are deeper than their previous drilling. The cost of the wells is US$2.5 million each (80 per cent Touchstone) and they have on the balance sheet US$7.6 million for the program plus their 2019 cash flow of over US$10 million. If the first well, a natural gas development, is successful, production could reach 3,000 boe/d by Q2/20 and to 4,000 boe/d by year-end 2020. Our one-year target is 50 cents. We own the stock ($43 million market cap) and plan to buy more over time