Touchstone Exploration Share Discussion Threads

[arlington chetwynd talbott] 19/9/2024 06:59

These guys never put their heads above the parapet, so just ignore them. You were still right, whether you get down ticked for it or not.

[dunderheed] 19/9/2024 06:53

Ah the almost constant TXP down ticker!
I wonder which TXP "expert" that is, lol!

[dunderheed] 19/9/2024 06:33

He he, kaos!!
As ever I was extremely rudely pulled up for continually disrupting the threads!!
Admittedly the chap did apologise after but it is amusing to have been pretty consistently right. Lol.
Best of luck all.

[kaos3] 19/9/2024 06:20

fringe of the society in the long term is more right on avarage than the centre of the society

[dunderheed] 19/9/2024 06:16

Lol amateur hour.
I did have a "discussion" on Discord about such thing being possible, right at very start of this exercise, long before LOL arrived, stating albeit unlikely, where one person was extremely rude to me, admittedly did apologise after, however again, sad to be completely right but also amazed at lack of "experience" at TXP. Interesting to see what's "happening " with the size of BoD now?
C'est la vie!!

[sleveen] 19/9/2024 06:05

Ding dong, the witch is dead.

[arlington chetwynd talbott] 18/9/2024 10:04

TXP share price performance post the Cascadura update is still no more than a known unknown. The important thing is that TRIN shareholders are no longer exposed to it in the way they were previously (unless they followed Ab76 on his adventure, which they hopefully thought better of).

[dunderheed] 18/9/2024 09:08

38133, the take over certainly made some sense but the timing, method and lack of divorce clause indicate to me why strategically TXP has wasted so much money to date.
I really am genuinely sad at being the only person and 100% right, when I got shot down often rather rudely and continually, over on Discord, when I had serious reservations regarding share price performance post Casca production, prior to it getting started!
C'est la vie.

[arlington chetwynd talbott] 18/9/2024 08:34

It is not dead yet, but obviously TXP would be a riskier proposition without the benefit of the TRIN cash pile.

[arlington chetwynd talbott] 18/9/2024 08:16

Those were the days! How wide of the mark does that look now?

[kaos3] 18/9/2024 08:09

ORIGINAL prognosis was in this video at cca 38 sec in



now one can compare with reality

[arlington chetwynd talbott] 18/9/2024 06:59

"These are highly, highly, highly profitable wells and continue to payback over many years"They have paid for themselves but they are hardly "highly, highly, highly" profitable and you have no idea whether they will still be significant producers or even producing at all down the line. Top ramping and all that, but really.

[che7win] 18/9/2024 06:57

kaos, Yes, I agree, fair points.

[kaos3] 18/9/2024 06:55

what i am being optimistic about is hockey stick production fall profile.... eg decline curve

first cracs were the reason for the high pressure and fast decline, but once it stops and cracs pressure declines enough - the cracs will help with better and more efficient draining of the production system - a longer term stable slow decline rate situation

all im gardening opinion

[kaos3] 18/9/2024 06:47

hence i said - not bad per se

... agree ... profitable and good and hence i was a buyer and declared so at 30- 33 p range

[che7win] 18/9/2024 06:45

Kaos,
You also didn’t include the condensates….the production is impressive if we set aside our original expectations….

These are highly, highly, highly profitable wells and continue to payback over many years.

[kaos3] 18/9/2024 06:42

che7win ... from 2 wells

per well prognossis and calculations on the gas plant capacity, debt drawn etc was well above that .... liquids were produced, but gas was not wet

i will edit above and add -per well- to be correct as you rightly pointed out

my point was - nothing much is happening and there is a catch up drill coming - and that is it - nothing much to report - as they said it all imho

[dunderheed] 18/9/2024 06:34

Lol, good post K!

[kaos3] 18/9/2024 06:29

we got the operational update imho .... txp thinks - box checked for the time

the fb post of commulative 12 months Cascadura production

it is cca 3.000 boe/d in gas ..- .per well - which per se is not that bad but a disaster on their prognosis and the fixed infrastructure not being filled with capacity.

no wonder they will drill another 2 casc holes ... just to get up to the projected or hoped for production and making use of the new gas plant

cora ... its the same more or less

so nothing to report probalby ...

as drilling their noses in the cosy office environment is not reportable i think

[dunderheed] 18/9/2024 06:16

More money getting wasted it seems.
It makes one (continue to) wonder why oh why, as is pretty much standard practice, the BoD did not enter into pre agreed divorce settlement with TRIN?
Another fine, Clown Mess, you've got me into Stanley.
I certainly hope the BoD representative that chose to pursue such a strategy, will be dealt with decisively, when we finally reach the conclusion of the RNS, indicating investor concerns regarding BoD, issued post AGM!
Whilst TXP shareholders wait patiently for an operations update....
As ever all IMHO, DYOR.

[arlington chetwynd talbott] 17/9/2024 15:58

It is a misleading metric though. You will still get significantly more $s for the volume of oil that produces X amount of energy than you will for the volume of gas that produces X amount of energy.

[zho] 17/9/2024 15:11

I think that 6Mcf (6,000 cu feet) of gas equates to one barrel of oil in energy terms, so 13.4 Bcf gas equates to 2.23 million boe.

[sleepy] 17/9/2024 14:48

@38110 - thank you Zhuo. Touchstone have posted that Cascadura has produced 13.4 Bcf of gas and 136.7 Mbbls of condensate in its first year:. What is that in boe please?