Touchstone Exploration Share Discussion Threads

[davidblack] 04/3/2021 21:46

It was down ticked at the end so there is likely a buyer mopping up there.

[soggy] 04/3/2021 20:25

And that, thebull, is exactly why folks like you and I are in TXP - and smiling... Let the good times roll!

[davidblack] 04/3/2021 19:54

Exxon need to stop the nonsense and split themselves into “Hot new age Exxon” and leveraged to hell “oily Esso high income” and let the shareholders rearrange their own portfolios which would be a lot cheaper.

[mount teide] 04/3/2021 19:00

The difference in development cost for an offshore Nat Gas Field compared to an onshore field such as Cascadura/Chinook is remarkable. Exxon's Blue Whale Field is Vietnam’s largest nat gas venture and is located about 88 kms off the Vietnamese coast in the South China Sea.... its estimated to hold around 5Tcf of reserves. Exxon estimates the field development cost at $10 billion or $2bn per Tcf of reserves! Interestingly, Exxon, prior to a FID on the project, has recently put their 62.5% operatorship shareholding up for sale, as part of a wider asset disposal programme.

[buffythebuffoon] 04/3/2021 18:31

“ this would be significant to the island of T&T” Or even two islands. :^} Buffy

[simplemilltownboy] 04/3/2021 18:27

Looking forward to hearing about the lowest zone in Chinook, this maybe connected to casc deep and if so has the potential to blow the bloody doors off. PB states that if connected this would be significant to the island of T&T. GLA and DYOR

[78steve] 04/3/2021 16:58

5% up on the day. I could live with that. lets get over £2 slowly then blue sky territory

[che7win] 04/3/2021 15:53

Oil prices rocketing up 4%

[captainfatcat] 04/3/2021 15:07

Certainly looks like the top up opertunity due to IGindex's ineptness is rapidly coming to an end.

[thebull8] 04/3/2021 14:45

If memory serves me right we got decent upticks the day before results were published the last few times :-)

[lazarus2010] 04/3/2021 14:42

could they test Casc higher levels with the lower rated eqpt and then close it up (do they need to plug it?) it and when BP eqpt available use it to go down deeper? Might at least then get sort of 1 plus a half testing news if not the full monty

[78steve] 04/3/2021 13:59

Can't believe we had chance to top up again around 150p which i did :)

[pro_s2009] 04/3/2021 13:52

DB - got to manage expectations........ :)

[zeusfurla] 04/3/2021 13:50

Not sure what the 300k trade was but any excess stock from the IG sale seems to have gone now as the order book is looking healthy.

[davidblack] 04/3/2021 13:19

Hopefully Cascadura Deep (or not quite deep enough)will prove to have too much pressure for the upgraded kit too? That comment might be the distant echo of Pro’s thoughts? Ok back to sleep till Wednesday.

[pro_s2009] 04/3/2021 12:56

Imagine being disappointed if Casc Deep pressure and flows are just too high for the test equipment so wait a bit longer please........ :)

[pro_s2009] 04/3/2021 12:53

Very possible they have used alternate testing equipment to test Chinook (which sadly cannot handle the pressure at Cascadura). So Casca has to wait for the bigger rated test equipment. EG we get "Joy" of Chinook testing......but "disappointment" (if you can call it that) that Casca pressure is so damn high its off the scale of the equipment....so wait a bit more.....eg....."Joyful disappintement"

[swanvesta] 04/3/2021 12:51

Great, thanks guys.

[lazarus2010] 04/3/2021 12:50

big question is, was the BP equipment delayed and they decided to use alternative eqpt or did / have they waited for the BP eqpt and if so has it been delivered? If they used alternative eqpt, is it man enough to do the job of testing the high pressures expected...certainly from Casc? Maybe they switched strategy, use the alternative eqpt to test Chinook which s lower pressure (I think) and test Casc with the BP eqpt? I'm sure we should have some clarification on 10th March if not before. Not expecting test results in the presentation unless an rns has already been released.

[ngms27] 04/3/2021 12:40

Yep, was scheduled to start on the 1st Feb with approx 7 days per test so should be on test 5 now so all but complete as per previous advice

[spawny100] 04/3/2021 12:31

I would think it must have begun or we'd have had an RNS notifying a delay. It would be pretty shocking IR otherwise imo.

[swanvesta] 04/3/2021 12:27

Can we be sure testing has begun, or when it began?

[pro_s2009] 04/3/2021 11:53

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.