Touchstone Exploration Inc T.TXP

Touchstone Notes Trinity 68pps from Lease Operators Ltd

[stanley]

Lurk & Learns:

As we await the results of yet another delay c\w attendant news/radio silence we get a curious (wrt caveats)  "a 68p all cash offer subject to a due diligence" from Lease Operators Limited (LOL).

Meaning Trinity wants to postpone (gallay) court certification of their TXP (all share) offer to August 23rd while it "considers" the LOL offer.

Touchstone Notes Trinity Competing Offer from Lease Operators .

We defer to the sage AIM investors/speculators over on the LSE and Discord Boards to continue to provide their commentary. 

Which is all precicated on the (predictable decline) on the nascent Cascadura wells. With the Coora wells and the second set of Cascadura wells still being tested while also providing a 80% cash contribution to the treasury.

Somehow we are still not getting any (market) indication of where things will eventuate; vis a vis the 2024 Q4 exit 14000 boe guidance.

GLTAL GLAP Caveat Emptor

Cheers
Stanley

 

[stanley]

Lurk & Learns: The following is/are the "Devil's Details" as per Canada Stockwatch: Touchstone Target Trinity Reschedules Court Hearing 2024-07-25 17:16 ET - News Release Mr. Paul Baay REPORTS RECOMMENDED ALL SHARE OFFER FOR TRINITY EXPLORATION & PRODUCTION PLC BY TOUCHSTONE EXPLORATION INC. TO BE EFFECTED BY MEANS OF A SCHEME OF ARRANGEMENT UNDER PART 26 OF THE

[stanley]

Lurk & Learns + Domus: RE:"Somehow we are still not getting any (market) indication of where things will eventuate; vis a vis the 2024 Q4 exit 14000 boe guidance." Welcome to Domus (especially wrt his positive(?) expectations for the Cascadura complex come Q3/Q4) and Tad others making their points on this forum. Point to ponder is Trinity (as per Discord discussion) appears to