Touchstone Exploration Share Discussion Threads

[11_percent] 09/1/2023 08:03

red, indeed.

If Casc and Royston continue into Balata East, and I think they do.....then there is also a reserves increase.

[redartbmud] 09/1/2023 07:59

11_

"Did wonder why they were doing that at the time."

Call it the Tinkerman effect and PB is the Tinkerman. His DNA appears to be wired differently to us mortals.
If the Ortoire block really does link to the acquired acreage, and if there are good extractable reserves in situ, it really is a no-brainer.
There does appear to be work to do on the licenses, which will tie up additional Tpx time and resources and there will be a negative short-term cash impact to Txp, if the current extraction numbers continue, beyond the date of the asset switch. By that time, one would hope that Txp has far more stable and increasing revenues as production ramps up.
Time will tell, but a building block for the future.

red

[red rook] 09/1/2023 07:58

... like the exchange ... like it very much
... especially the Balata East which should provide very good prospects
... excellent

[arlington chetwynd talbott] 09/1/2023 07:56

Sounds sensible.

[11_percent] 09/1/2023 07:55

Masterstroke IMV.

Yup.....Paul is a great guy....I have always said it.

[sleveen] 09/1/2023 07:52

Masterstroke IMV.

[11_percent] 09/1/2023 07:48

From memory, I seem to recall that they did a seismic survey over Royston a few years ago.....just before the first Royston drill.....the seismic survey area went over the boundary line between Ortoire block and Balata East Block.......so, my guess is they know what Royston looks like in Balata East Block.

Did wonder why they were doing that at the time.

[11_percent] 09/1/2023 07:33

Yup.....looks good.

[pro_s2009] 09/1/2023 07:27

The maps emphasise just how good this deal is....

[11_percent] 09/1/2023 07:21

Map of new blocks.....slides 6 and 7.



Gives us the other parts of both Casc and Royston.

[homebrewruss] 09/1/2023 07:20

See map in the new presentation

[11_percent] 09/1/2023 07:19

Map of new blocks.....slides 6 and 7.

[jungmana] 09/1/2023 07:13

Good swapping for TXP;Paul Baay, President and Chief Executive Officer, commented:"The proposed exchange of assets further high-grades our portfolio as we focus on the Herrera turbidite fairway directly offsetting our Ortoire block in close proximity to our Cascadura discovery. With the technical data that we have reviewed on the three licences, we have identified numerous drilling opportunities that can be incorporated into our infrastructure currently being constructed. A revised map reflecting the proposed Transaction can be found in our updated corporate presentation available on our website."

[11_percent] 09/1/2023 07:13

Does that give us more of Royston.

[11_percent] 09/1/2023 07:12

RNS - Touchstone Exploration Inc. Execution of Asset Exchange Agreement
09/01/2023 7:00am

Would like to see a map.

Des this give us more of Royston.

[pro_s2009] 09/1/2023 07:04

Now that is good business.......very happy with that !!



.

[1domus] 07/1/2023 21:18

Rigmove next week!

[graham86] 07/1/2023 17:48

frustrated by abbreviations.yep make life difficult.no good reason for the things

[herman007] 06/1/2023 20:04

TXP got their drone permit before Christmas, and there have been indications that a lot of activities will be going on post Christmas. So far we have not seen any drone footage ,this would normally indicate the usual delays. However, we can still hope for both drone footage (showing progress) and an operational update kicking off the multi year drilling campaign, next week. There are also indications that we will learn which licenses/blocks has been bid on by which companies. All in all, next week could turn out to be quite eventful. (or not...)

[sleveen] 06/1/2023 17:39

They can stick their vaccine where it's contraindicated.

[hiddendepths] 06/1/2023 16:20

Kraken making headlines for all the wrong reasons!

[bsdjj] 06/1/2023 14:56

Aaaaaaaaaaaaaaaaaaaaaa@1bb:bbb, zbaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa77720

[rabblrouzr] 06/1/2023 14:53

Rabblr here...guys, I am not a fake..just frustrated by abbreviations I am not up to speed on as in " CPR ".....wish now that I hadn't asked the question quite frankly,,,
I thought CPR was in reference to another Company that drilled a duster in North Africa I think, that I caught a glimpse of the News-line yesterday.
Thanks Johnoxxx for explaining the Why, we are going back to Royston..... More patience is warranted, and Canada seems strong these few minutes following Opening.

[chessman2] 06/1/2023 14:39

Thanks Johnoxxx for that remarkable information which is one of the reasons why the TXP share price is motoring.

The share price should continue heading northwards for some time yet. It certainly looks like holders will have an enjoyable several months watching their portfolio values increase!