Touchstone Exploration ( TXP )

[Proselenes]

[Proselenes]

[Proselenes]

A successful Royston can add 150p to 200p on to the TXP share price........

[Proselenes]

I put this post up in response to a post saying how strange it was that we are at an all time high and very few are selling...........

I dont find the not selling strange, as I keep buying and I am sure others do as well.
What we have here is:

Fixed price gas contract worth billions over its term. We dont care oil price up or down, gas price up or down - the main TXP revenue is fixed !! Lovely. Oil can crash tomorrow.....who cares.

Oil price up is a bonus.

So we will start 2022 with 100 per day gas production, all being well add another 100 half way through with Royston on line and end 2022 with over 200 per day. Wall Of Cash.

First gas production in a couple of months with Coho.

But before that hopefully confirmation that Chinook and Casca-Deep flow and are commercial end of Feb/early March.

Mega (potentially biggest ever onshore) Royston to be spud in around 8 weeks time.

Another gas target Steelhead to spud after Royston.

Then Q1 2022 we have the Beast.......Kraken, likely followed by Cascadura Super Deep and Chinook Deep.

But thats not all, in Q4 2021 they will be, all being well, banging more holes into the oil fields in the south west to ramp up production there (and potentially drill a deep one to see if the those big gas reservoirs are also there as well).

Can you name another stock with so much going on, so much potential uplift from bringing current production online, but also, so much potential uplift from a few massive drills ahead (all currently not in the price).

And to round that all off........once Royston is drilled and license terms met.......then its open season for a hostile takeover offer AT ANY TIME.

So yes.......I understand why most people are not selling - there simply is no reason to sell.

[Proselenes]

All time high finish in Canada and UK. Looks like seismic update some time soon on the newly shot stuff.

And now......as said earlier.........Xav can see the Cretaceous........the beast is real !!



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[Proselenes]

In H1 2022 we should see Kraken, Cascadura DeepDeep and Chinook Deep all drilled.

I hope they get to drill all three and those if they all come in could offer 2 or 3 TCF of upside (which is 4.4 to 6.6 billion dollars of gas with the NGC deal).

Will they ? And by that I mean will a hostile take over offer come in before they can drill them ?

I hope they can but any hostile takeover offer will be timed before "too much" can be proven by the drill bit. For me I see a takeover offer either post Royston/Steelhead, or post Kraken............certainly before the Deep Casca and Chinook wells in 2022 imo.

[Proselenes]

Gr 7a at Rosyton-1 around 2200 meters (7217 feet)

Gr 7bc at Royston-1 around 2600 meters (8530 feet)

TD planned about 10000 feet (will not be going into Kraken in the Cretaceous at this location as not ideal - this well is designed for the two Herrera sands Gr 7a and 7bc.

(for reference at Royston-1 top of the Cretaceous around 3700 meters (12139 feet))

[Proselenes]

Had to reprocess this one.......got the depths wrong.....my bad


Gr 7a at Rosyton-1 around 9000 feet

Gr 7bc at Royston-1 around 1000 feet

TD around 11500 feet.

Will not be going into Kraken in the Cretaceous at this location as not ideal - this well is designed for the two Herrera sands Gr 7a and 7bc.

(for reference at Royston-1 top of the Cretaceous around 14,000 feet)



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[Proselenes]

I think you can see why Paul said........that T&T are trying their best to get as much gas on line as quick as possible.........they are not delaying anything deliberately, its just taking time as this is the first time in a long time its been done onshore with Coho. Expect things to be faster with Casca and Chinook getting on line.

This article shows how the situation is getting desperate for more gas.......and therefore, more revenues.........


https://guardian.co.tt/business/ramnari ... c635a6da74

Ramnarine predicts even lower gas production in 2021

Expect further declines in natural gas production this year and the country is running out of fiscal space are the observations of one economist and a former Energy Minister.

Former energy minister Kevin Ramnarine said the country’s natural gas production is expected to further decline in 2021.

Ramnarine’s comments came after Finance Minister Colm Imbert revealed that the country’s economy is in peril as a result of a decline in oil and gas production and low international commodity prices.

In an interview with Guardian Media Ramnarine said the challenges facing natural gas production warrants a national discussion.

He said: “Natural gas production in 2020 was 15 per cent lower than it was in 2019 and th.........................

[Proselenes]

Gas and LNG is a big part of the future.....says Total.

https://www.naturalgasintel.com/writing ... enewables/

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[Proselenes]

Enjoy a read about the T&T energy sector. TXP is mentioned.

https://newsday.co.tt/2021/02/18/the-st ... rgy-sector

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[Proselenes]

10th March Touchstone Exploration doing a Shares Mag Webinar at 18:05 UK Time.

Link below for details and to register for the event.

Should mean news early March and the followed later by this Webinar.

Likely news for the Webinar.....

Coho progress update
Casca Deep flow test news.
Chinook flow test news.
Recent seismic survey results update (New leads - Kraken update etc..?)
Royston spud date to be announced ?
Further details on Steelhead prospect drilling post-Royston drilling ?
Further details on Q4 oil well drilling in the South West license area ?


https://www.sharesmagazine.co.uk/events ... nar-100321

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[Proselenes]

Nice to see production from Coho now down to single digit weeks away. As the NGC are taking all Ortoire production now, and TXP has paid for the Coho pipeline, is it correct to assume that the NGC will reimburse TXP for the works later. AFAIK TXP and the NGC did not want to hold up the works so rather than delay further while NGC arranged contracts, TXP pushed ahead and so will get all the costs refunded ?

[Proselenes]

Well, I am looking forward to next week.

Paul has said Chinook is "World Class".

Paul has said Cascadura Deep is "the Best well drilled so far".

As he is normally conservative I am expecting very very good results of flow testing, for sure Casca Deep should be mind blowing........I am guessing we will see the "constrained by the limits of the test equipment" line again........ it will just be so good.

You live and die by the sword........Paul has set high expectations for flow test results...........I jolly well hope be delivers and delivers strongly.

Webinar on 10th March dont forget.

[Proselenes]

Wait for the next windfall from Royston/Steelhead and Kraken......the next 3 drills all being well.....


https://oilnow.gy/featured/rivalry-in-t ... f-oil-gas/

........There is no announced deep water drilling in Trinidad following the failure of the BHP Broadside well to forecast commercial quantities. But there is renewed activity onshore Trinidad where Canadian oil and gas company Touchstone Exploration experienced a windfall in 2020 as a result of its drilling and the signing of a five-year supply deal last December with the National Gas Company worth between US$1.6 and US$2.2 billion. .............

[Proselenes]

Budget was good.......no change to Capital Gains Tax.

So anyone who has been dumping lumps of their TXP to lock in gains this tax year - scared of an increase to capital gains tax in the budget for next tax year - now has no worries. They can buy back their TXP positions if they never intended to B&B.

https://www.ftadviser.com/investments/2 ... in-budget/

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[Proselenes]

("Touchstone" or the "Company")

Shares and AJ Bell Investor Evening Webinar

Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, will be presenting at the Shares and AJ Bell investor evening webinar on 10 March 2021 at 18:00 GMT.

The presentation, given by Paul Baay, President and CEO, will be followed by a virtual Q&A session. To register for the event please use the following link:

https://www.sharesmagazine.co.uk/events ... nar-100321


For further information, please contact:

Touchstone Exploration Inc.

Mr. Paul Baay, President and Chief Executive Officer Tel: +1 (403) 750-4487
Mr. Scott Budau, Chief Financial Officer
Mr. James Shipka, Chief Operating Officer



Camarco (Financial PR)

Nick Hennis / Billy Clegg Tel: +44 (0) 203 781 8330

[Proselenes]

Coho-1 should be about 30+ days from being online - progress update
New seismic results and new leads
Steelhead further details.
Royston progress and expected spud date
Extension of oil licenses in the South West - talks ongoing
Plans for oil drilling in the South West in Q4
Chinook testing results / or results so far
Casca-Deep testing results / or results so far


Should be plenty to be discussed during the Webinar.

[Proselenes]

Wow, very happy with that.

Testing delay bit of shame, however, all main targets of Chinook and Casc Deep still to be tested.

Reserves up.

Newly discovered potential upsides in Chinook - both oil One going to ext well test and the other appears to point to potentially a good 1000 feet of potential oil pay when drilled updip.

Lots in there.......I am very happy with that.

https://www.londonstockexchange.com/new ... e/14888811

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[Proselenes]

Video interview with Paul.

https://www.youtube.com/watch?v=rz8JmqlZmRg

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