Touchstone Exploration Share Discussion Threads

[homebrewruss] 01/3/2024 17:13

Bank finance should be done by end of Q1 end of March last week heard.

[ashkv] 01/3/2024 15:44

Could a fellow poster please update as to the bank credit discussions? Any idea when it should conclude!!!

I am out of TXP at present and will only buy-in once this is out of the way!!!

[dunderheed] 01/3/2024 09:31

36951, I do tend to agree but the downright clownness in the past history will and already has taken a lot to change, IMHO.
But as I say, I've personally done ok out of this but also have always been very honest in my views!
Best of luck all.

[sleveen] 01/3/2024 09:12

From RNS 8/2/2024

"Completed the first stage of additional perforations at Cascadura Deep-1 where we are currently monitoring initial increased pressure and production rates."


I'll hazard a guess the former (TXP slowness/new found caution?) rather than the latter (bad news).

[johnoxxx] 01/3/2024 09:09

Thanks Che7win, didn’t think it was down but hadn’t had chance to run the calcs properly. Thanks for that

[che7win] 01/3/2024 09:06

No worries dunderhead.I think the share is wanting to move up from here. The perfs will be near term news.I'm happier with today's RNS now.

[dunderheed] 01/3/2024 09:01

Oh cross post there Che, I can see you've ceded some of your earlier points.
Back to bed!!

[dunderheed] 01/3/2024 08:59

Che, I'm the last to stick up for "management" here, but I do not think you have the info to hand to make that inference?
Now the fact you do not have it could be a "management" criticism of course!
Regarding perfs, again I do not have the facts to hand but I'd say by now it has been easily long enough to establish credible flow rates from supposed start dates.
I personally see such remarks as "positive confirmation" talk, ie continually lowering the bar with regards to operational performance perception but hey I'm not complaining. I've personally done well out of that position!
As ever all IMHO but I'm hoping (lol probably wrongly) that the (perceived) delay to perfs news is simply typically slow TXP and not "bad" news.
The "jury" is still very much "out" on that, IMHO.
Back to bed, as ever all IMHO and best of luck all!!

[che7win] 01/3/2024 08:56

Johno’s / the board,
Apologies, looks like my initial assessment was wrong.
Overall production including liquids is down due to Slaveen’s reasons in his post, but natural gas production slightly up!

The actual production from Cascadura net natural gas is roughly the same.

Here are my calculations:

Txp November
net natural gas sales volumes of 36.1 MMcf/d or 6,022 boe/d (45.1 MMcf/d or 7,528 boe/d gross) with a realized price of $2.46/Mcf; and

January 2024 Sales Volumes and Realized Prices:
 net natural gas sales volumes of 32.8 MMcf/d or 5,460 boe/d with a realized price of $2.47 per Mcf

So November production for natural gas was 562 boe/d higher for net Cascadura natural gas.

Accounting for the 4 days production lost in January is 100/(31 days / 4) = 13% less days production. Caveat - Assuming that no production over the 4 days.

5460 * 1.13 = 6169 bopd if January had the equivalence of 4 more days of production.

So slightly up from Nov, shows production is stable.

[sleveen] 01/3/2024 08:42

c7

In the last presentation PB mention the liquids have fallen from 20/mm to around 12/mm.

He implied that the initial rate was "flush" production which has fallen.

This reason for the Cas Deep perfs production figures being monitored for a month ie to eliminate flush production and provide a more realistic production number.

[johnoxxx] 01/3/2024 08:25

Have You got the calcs for that?

[not guilty] 01/3/2024 08:25

The initial perfs were completed on Deep on 27th Jan so I suspect we shouldn't have to long too wait on the results there. The results from the increased choke at C1 will probably be announced towards the end of this month. I suspect these work overs account for the drop in production. Lots of good news coming I hope

[che7win] 01/3/2024 08:15

Production in Cascadura down from November, even accounting for 4 days downtime.Liquids from Cascadura has halved too.Hard to understand that production is down.

[dunderheed] 01/3/2024 08:01

Seems a long wait and low bar but then again what's changed there?
I am reasonably happy as to where we currently find ourselves as long as the perfs "work".

[dunderheed] 01/3/2024 07:31

End of which month?

[awise355] 01/3/2024 07:29

End of month I suspect he said he wanted to run the production for a month before giving figures

[dunderheed] 01/3/2024 07:15

Yes as ever thanks very much Domus.
It comes to something when I rely more on an anonymous poster on free bbs than the guidance of the CEO, lol.
No real surprises today but when oh when are we going to get some clarity / information on performance of these perfs?!
Also as ever all IMHO.

[holdbucket] 01/3/2024 07:13

2023 YEAR-END RESERVES RNS out

[sleveen] 29/2/2024 07:16

Thanks 1domus.

[kaos3] 29/2/2024 06:39

Good news. But imho txp never had as much problems with getting the holes.drilled in general. most time set backs were connecting the wells to produce, connection to the market.

Eg I hope they are starting to lay pipes as soon as they know they drlled a producer.

The easiest things to do imho is most difficult to do for them.

Which proofs how gòod geology txp has.

[1domus] 28/2/2024 21:35

The Cas-2 well is cased and cemented and Cas-3 will be spudded shortly.
The Coora well is also spudded according to info.

[buffythebuffoon] 28/2/2024 09:42

I know I’m going to get some flack, but in my mind the foreman was Irish.

In order to minimise the vitriol, let me tell you about the time when a group of Irishman were digging up the road outside my place. Jack Charlton’s Ireland were playing in the World Cup. As I passed I heard their accents and asked why they were working during such a momentous national event. One said they’d been treated with the sack if they didn’t work. I put a large dust sheet on the sofa and invited them in. We watched the match while they took turns to watch out for an inspector doing the rounds. It ended with them equalising against us (England) for a 1-1 draw. I happened to have bottled Guinness and the only one not allowed to drink was the one on the kango!

Yeah I know, the markets open. So why are you reading this waffle? 😂

Buffy

[paulhopeful] 28/2/2024 09:29

Perhaps the oak island team should take a look at Trinidad? They might finally find hidden treasures.