74 days ago
Oil and gas company in Trinidad and Tobago Touchstone Exploration (TXP) has announced that, despite a focus on its Ortoire block exploration program, in the first quarter of 2021 it “generated funds flow from operations of $538,000” and “believe that available credit facility capacity combined with anticipated funds flow from operations will be sufficient to satisfy… 2021 minimum exploration work commitments”. That sounds encouraging.
109 days ago
Touchstone Exploration (TXP) has fallen out of favour with investors in recent days following testing news at one of its wells which the market took badly and caused the share price to drop by more than 30%.
221 days ago
People often try to tell me that it isn’t possible to make money by actually investing in AIM oil and gas companies and that they are only worth trading, but I would have to disagree based on some of those that I’ve picked out over the years as having long term potential.
517 days ago
My guest in this week's show which is sponsored by Open Orphan PLC (ORPH) is a former editor of this website Flip Flop Ben Turney. We discuss the problems with AIM, New World Oil & Gas, Nostra Terra (NTOG), touching on the mud being slung at Ben by some folks but on the real issues that company faces, on Touchstone Exploration, Big Sofa (BST) and many other matters, notably AIM PLC director expenses. I also discuss companies who switch Nomads too often. Yes that includes Versarien (VRS) and its forced change of today. If you like this podcast and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
936 days ago
These days I tend to avoid oil companies at the bottom end of the AIM market as usually the risks aren’t worth the rewards, and the majority of them do nothing but fleece investors over a number of years without ever achieving anything of note.
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