Touchstone Exploration Share Discussion Threads

[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.

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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.

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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.

[soggy] 12/1/2023 09:35

There was a time when an oiler's share price would ruse steadily into a spud and continue substantially after that announcement...

But then again, there was a time when dinosaurs roamed the earth, when politicians were honest, phones hung on a wall and even a time when I had hair.

But it would be nice if there was an echo of the old times when Royston spuds.

Let the good times roll!

[jungmana] 12/1/2023 09:33

Thanks for posting. Good interview there imo

[pro_s2009] 12/1/2023 09:29

So Royston side track spud before end of January.

[sleveen] 12/1/2023 09:27

Casca & Royston timelines seem firm.

[pro_s2009] 12/1/2023 09:26

Interview with CEO PB



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[sleveen] 12/1/2023 09:24

Added to header. Thanks hbr.

[11_percent] 12/1/2023 09:23

Zero chance of that.

My guess is:

Royston spud, first week of Feb.

Casc on-line start of Q3.

[homebrewruss] 12/1/2023 09:16

Interview with PB
Royston spud in 2 weeks and Cascadura on track for end Q1 🤞

[sleveen] 12/1/2023 09:03

65.8p to sell, 66p to buy as I write.

[sleveen] 12/1/2023 08:11

c7

Profit taking by those who bought below 60p.

That might continue today , but soon an operational RNS will be issued which should move the share price toward 90p IMHO

[che7win] 11/1/2023 18:40

Oil rocketing = TXP down

[pro_s2009] 11/1/2023 13:20

Sounds like we have a Proactive or a Directors Talk interview coming soon.....keep an eye open.

[pro_s2009] 11/1/2023 07:26

O/T Excellent news over on DELT.

Struck a hole in one......Gas discovery - onwards to full flow testing.



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[lauders] 11/1/2023 06:29

Touchstone Energy’s bid on five of the eleven land blocks offered by the Ministry of Energy and Energy Industries' latest auction is an attempt by the company to build on its existing discoveries in the Ortoire block.

A drone image of Cascadura Deep too.

[pro_s2009] 11/1/2023 01:46

TOP STORY

Touchstone Bids on Five Blocks

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[spangle93] 10/1/2023 18:04

Thanks HBR

Guayaguarare and St Mary's look the most important/prospective to win, while Tulsa and Cipero are both partly within the shown Ortoire fairway.

Charuma is a big licence with (I would imagine) a different target, possibly why Primera is the only bidder

[captainfatcat] 10/1/2023 17:10

Thanks for the heads up