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Share Name Share Symbol Market Type Share ISIN Share Description
Touchstone Exploration Inc LSE:TXP London Ordinary Share CA89156L1085 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -2.05% 71.50 71.00 72.00 73.00 70.50 73.00 231,371 16:02:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.9 8.5 1.8 38.8 152

Touchstone Exploration Share Discussion Threads

Showing 35676 to 35700 of 35700 messages
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DateSubjectAuthorDiscuss
03/2/2023
14:49
https://www.bloomberg.com/news/articles/2023-02-02/shell-ceo-sees-opportunities-in-a-world-desperately-in-need-of-gas

Shell CEO Sees a World ‘Desperately in Need’ of Natural Gas

New CEO Sawan sees the gas business growing, volatile markets
It’s too early to say worst of Europe’s energy crisis is over

By Will Mathis and Francine Lacqua
2 February 2023


Shell Plc’s natural gas business can continue to grow after making record profits in 2022, as the global thirst for the fuel no signs of slowing, said Chief Executive Officer Wael Sawan.

After years of questio...............

pro_s2009
02/2/2023
08:23
Black & Decker or Bosch?
At that rate PB would need to roll up his sleeves and get out a rechargeable model because of the limited number of accessible power points.

Seriuosly.
I think that it is important to look realistically at the size of the business and the available funds at its disposal. It isn't a mega cap multinational oiler. Trying to do too much too quickly on limited resources is a recipe for disaster.
I want to see controlled progress and structured development programme that grows the business and that has greater stability from strength.
There are limits to how quickly they can turn a drill hole into a producing well and how quickly they can organise the supply lines to get it to market, AND at the same time replicate the process across the acreage.
I am not expecting Shell Mark2 in the blink of an eye.

red

redartbmud
02/2/2023
05:45
They might do some drilling on Rio Claro after Royston ST and two Cas wells before going back to Royston.
This depends of course on how fast MEEI works to transfer Rio C to Txp.

But first - start of operations at Royston ST. Tomorrow or at least this week - that is my bet!

1domus
01/2/2023
02:24
Yes, Royston ST then 2 Cascadura Wells then Royston 2 and 3 and 4 and non stop drilling for 10 years......
pro_s2009
31/1/2023
11:53
I can see a gap in the humour chart of Buffy.
spawny100
31/1/2023
11:52
one of the gaps to be filled


free stock charts from uk.advfn.com

kaos3
31/1/2023
07:45
I dont think it is after Royston ST, but after the two CAS wells. At this time they can start to drill Royston development wells or poke a hole somewhere on their new acreage if the paperwork is finalized.
herman007
31/1/2023
07:08
According to some discord chat from people that have been talking to the company they might do some drilling in the Rio Claro block after the Royston ST suggesting the block swap deal may not take that long to go through.
homebrewruss
31/1/2023
06:58
Gets a little complicated as the deal will not go through to year end........so......what to do.

Announce a massive discovery in the sub-thrust ? Risk LOL wanting a better deal ?

Going to be interesting......... how will Paul deal with sub thrust news ?

pro_s2009
29/1/2023
19:16
From the seismic they have shared the subthrust appears larger than the intermediate and also potentially to extend a long way North into the newly acquired block. Fingers crossed for the subthrust..
homebrewruss
29/1/2023
18:17
I'd caution against trying to constrain it to a single figure

Instead, just assume its a wide range, with a quantum around that sort of level, but which remains to be confirmed with further wells.

For instance, the first well did not reach the base of the intermediate, so there should be volumes to add if there's an oil column to its base.

spangle93
29/1/2023
17:14
Thanks Spangle for the reply. So probably, we can assume ~50 mbbls recoverable on 20% RF.
mynameiskhan
29/1/2023
17:11
from RNS on 7-Mar-22... limited reserves from the exploration itself, but an indication of scale of the structure

The Royston exploration discovery was assigned gross working interest 3P reserves of 4,800 Mboe, gross working interest 2P reserves of 3,520 Mboe and gross working interest 1P reserves of 1,280 Mboe.

Our independent reserves evaluator estimates that the Royston structure has a low estimate of 128.3 MMbbl, a best estimate of 165.7 MMbbl and a high estimate of 211.7 MMbbl of total petroleum initially-in-place from the overthrust and intermediate sheets of the Herrera Formation, with no estimate provided in the subthrust sheet.

Two things to consider
1. these figures are oil in place, from very early results. Maybe take 1/3 for reserves as a rough shot
2. We are continuously referred to the analogous Penal/Barrackpore field, which has produced around 120 MMBbl over many years
3. The Royston intermediate structure probably extends out of the current licence, but the previous volume estimate was before the HoA to swap leases with Lease Operators, which owns the block into which it extends

spangle93
29/1/2023
15:42
Thanks everyone. How much oil they are looking at Royston? In terms on recoverable oil? 50 mbbls? 100 mbbls??
mynameiskhan
29/1/2023
12:45
"I regularly use TA for buying and selling Buffy"
sleveen
29/1/2023
12:05
I always feel that a humorous riposte, even if inaccurate, needs to at least make some semblance of sense to work.

Buffy

buffythebuffoon
29/1/2023
11:46
They didn't really find any water in the intermediate it's the overthrust where that's more important and they are not focussed on that this time.
homebrewruss
29/1/2023
11:34
Not only that, they know which sections are water and which sections are oil in the intermediate......so they know where to perforate and where not to perforate. Should be at least 1000bopd from the Intermediate.....potentially higher.

The sub-thrust is the unknown, but if it contains oil - be very excited.

pro_s2009
29/1/2023
09:45
Will probably start early this week, maybe Tuesday. It's anticipated to be two to three weeks until TD although they have some junk to clear out of the well first.
Should have an initial indication by end of February IMV followed by further testing barring any drill drama.

The intermediate previously flowed up to 550bopd on equipment set up for gas.
This well is optimised for oil and they are aiming to test a much longer section and also poke into the subthrust which is productive in the penal/Barackpore they are comparing Royston to. The subthrust looks much larger than the intermediate in the seismic 🤞

homebrewruss
29/1/2023
09:11
Any idea, when the sidetrack will start & how long it will take to reach TD & flow test ?
mynameiskhan
28/1/2023
14:11
Yep, rig ready to be inspected then its gets drilling for what might be, 500bopd, or 1000 bopd, or 1500bopd.......might be a new discovery of oil in the subthrust as well.........exciting times....
pro_s2009
28/1/2023
09:17
You buy and sell Buffy? Wow! What exchange is he traded on? Ticker GRUMP I presume... ;-)
soggy
27/1/2023
18:02
I regularly use TA for buying and selling Buffy and works for me.
spawny100
27/1/2023
17:55
fair enough buffy,,,, what can I say, other than, so far I'd rather have them, use them than not and I have had reasonable results doing so,,, so I'm not bothered at being laughed at as I'm making money :-) :-) Cheers Wan :-)
wanobi
27/1/2023
17:52
Hi wanobi,

The acid test is whether you buy on certain TA signals.

I know three TA professionals who work for large organisations. To a man they laugh at bulletin board posters who try to give meaning to chart movements in small company low volume shares.

Buffy

buffythebuffoon
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