Touchstone Exploration Share Discussion Threads

[sirmark] 13/1/2023 08:05

Going back to £1+

[pro_s2009] 13/1/2023 00:53

Canada up well.... Should see well over 70p in London today.


Canada mid price at close was 1.2 CAD = 73p

[specialistwasagypsey] 12/1/2023 21:42

Bear market rally in this POS.

You will all end up poor like Pro . Lol

[jungmana] 12/1/2023 21:00

Yep 73p equivalent there

[che7win] 12/1/2023 20:58

Check Canada out

[joey1998] 12/1/2023 20:30

A proper LOL there Buffy. Thanks!

[buffythebuffoon] 12/1/2023 19:38

Since he’s from Cowboy Country (I’m fighting the urge to use an obvious one liner) I’ll tie a Windsor knot for him and he can lasso it over his head.


At the price of specs over there he can just put extra pairs on rather than get new lenses as his visual acuity weakens. Given his comments over the last few years he’s certainly got the nose to accommodate them.

Buffy

[hiddendepths] 12/1/2023 17:55

Hey DB - cut the unnecessary spending! You could have bought 48 shares in Copper Lake instead!

[davidblack] 12/1/2023 17:35

Buffy PB is from cowboy country not Mayfair. No one has ever heard of Nivea in the province and what’s wrong with Dollarama for their 90c glasses after you have lost your proper pair for the third time?

I kid you not 90c plus taxes, less than 60p. I bought 6 pairs!

[bluke] 12/1/2023 17:01

I'm pleased by the progress. The only thing I slightly dislike as an investor is that now the first news item with real potential to move the share price - the Royston ST - is one with a much greater risk element than the Casca linking up. Both can obviously push the share price up considerably, but Royston ST is likelier to give the market am RNS is doesn't like. I'd be happier if the events were the other way round.

However, it also comes down to how far the market has priced in any upside on Royston. Seemingly it has not, and Paul has been steadfast that the market has got Royston wrong. I guess we'll see...

[pro_s2009] 12/1/2023 16:16

Spud of Royston does not matter, end of Jan or early Feb or mid Feb.........nobody should give a damn now.

Fully funded, Coho online and Cascadura coming online soon.........its as cheap and chips now.......Royston spud timing is nothing.

Important only that Cascadura is completed and in commissioning end of March.

[homebrewruss] 12/1/2023 14:46

See Xavier talking briefly about the Rio Claro and St Mary's blocks in 2013 from about 14:30.. he's probably spent some more time on it since then too 😉


Seems 3D seismic is available for Rio Claro/Balata east and St Mary's

Also his video from last year on the Cretaceous and Kraken

[buffythebuffoon] 12/1/2023 13:29

Spangle, he posted on the biggest investment disappointment of his life (I assume) on the Hurricane board.

As for PB, his taste in spectacles is somewhat questionable, and I prefer my CEOs to affix their tie with a nicely symmetrical knot such as a Windsor knot. It shows a level of attention to detail that I find reassuring.

His skin regime could do with an upgrade as well.

I hate using that word but so many seem to for both men and women that I thought I’d try to sound like I was up with the lingo.

Buffy

[red rook] 12/1/2023 11:37

... possibly 1domus ..
... won't quibble over a couple of weeks here or there!
... personally, dont mind if PB's timing is a bit off again, it will give me more time to accumulate
... the Royston drill will be kicking off, and cascadura coming on line will more than provide the funds for a continuous drilling program
... this year is certainly going to be interesting for TXP

[sleveen] 12/1/2023 10:49

Spangle, he's on the discord thread.

[11_percent] 12/1/2023 10:42

Mmmm......indeed.

Yes, as I remember, the Royston fluids were trucked/tankered to the existing legacy oil field facilities and processed there......and Royson water disposed of.

The water disposal well was trumpeted as a good ESG thing.....but was it really necessary.

Can just dump the Royston water....like everyone else in T&T.

Or drill a water disposal well at Royston.....or other location.

[homebrewruss] 12/1/2023 10:36

I think that's right Spangle.
Guess we have time before the transfer to do a long term test on Royston ST assuming success.
Intermediate did have very low to water cut in the previous test at least IIRC.

[spangle93] 12/1/2023 10:36

It also seems to me, based on his stated detailed progress on the ground, that they have a LOT still to do to achieve a 1Q target for Cascadura. Even if by 1Q he means mechanically complete and ready for commissioning, rather than generating revenue.

I know there are people with Project management backgrounds here, but does that work program sound feasible in 9 weeks?


OTOH the processing of bid applications for the onshore round would appear to take much less time than I imagined if they'll know in a couple of months' time.


On a different subject.
Does anyone know the whereabouts of jonny/ngms27. Haven't seen him posting anywhere for ages. I hope he's OK - he is the living epitome of "a little knowledge is dangerous" but I think he posted honestly. Please PM me if you'd rather not post publically.

[1domus] 12/1/2023 10:31

Too early as I see it.

[spangle93] 12/1/2023 10:31

Thanks for the link, HBR

I think he's mixed up Cascadura and Royston around 1:15. Balata East is an oilfield, and the terminal of the oil export pipeline. The asset swap deal won't be completed until the back end of the year. So it's hard to see how it can relate to Cascadura at end of 1Q, whereas it would be in line with the timing of Royston sidetrack production.

The only thing I can think he means, if he's correct, is that they'll run a liquids flowline from Cascadura to Balata, but surely that's not in the current CEC?

Maybe someone with better notes will correct me, but I think that Royston test fluid were previously trucked to Fyzabad for handling - In 2018 presentation
"We are the first oil company onshore Trinidad to have a water disposal well Reinjection began on March 22 2018 allowing us to reinject all of the water that we produce from the Fyzabad and surrounding properties back into the ground rather than releasing at surface

So if Fyzabad went, they'd need another handling and disposal facility, especially given the high water cut from the outset in Royston

[11_percent] 12/1/2023 10:30

Royston ST.

I will wait for flow test results for this well.

========
One of the big risks here is that "the continuous" drill plan may be interrupted.

If Casc does not come on-line as expected......they could run out money for drilling.....and hence have to stop the "continuous" drilling.

=======

Thought PB might have said something about cash from Coho......are we getting any??

[red rook] 12/1/2023 10:14

... good PB interview ...
... @2.38min in "... so thinking spud date around the 25th January .... then we just roll on after that, it should be a continuous program .."
... so the Royston sidetrack will be kicking off a continuous drilling program at Ortoire
... that's what we are waiting for!

[homebrewruss] 12/1/2023 09:47

Now the bids are in surely it makes no difference re well result to the onshore bid?

[davidblack] 12/1/2023 09:45

Nicely timed that this well is due but untested at the licensing approval end date.

[homebrewruss] 12/1/2023 09:42

From the September presentation PB said 700-1000bopd from Royston ST would be viewed as success. Fingers crossed!
IMV any success is not priced in at the moment with Cascadura coming online soon followed by further drilling.
Should get onshore bid round results in 3 months time too.