Touchstone Exploration Share Discussion Threads

[ifthecapfits] 21/10/2020 12:39

Cant find an up to date onshore concession map unfortunately. Any one got one?

[mount teide] 21/10/2020 12:38

New Presentation page 21 - Reads well - great PR from both an equity investment and, commercial, social and political perspective!

Ortoire Block – The Potential

Significant growth opportunity for Touchstone and the Trinidad oil and gas industry

* 10+ year drilling program

* Identified an additional 21 targets on the block(6)

* Partnership with Heritage Petroleum Company Limited and the National Gas Company of Trinidad and Tobago

* Ensure that local people and communities benefit from the success of the Ortoire block


(6) Ortoire drilling locations are solely based on internal estimates. See "Advisories: Drilling Locations".

Drilling locations are based on December 31, 2019 GLJ Ltd. independent reserves evaluation and internal estimates.

[spawny100] 21/10/2020 12:31

NT buy. Those who sold might find it hard to rebuild any significant position?

HBR yes suspect they are being more cautious in declaring Chinook to be either oil or gas until fully tested after Casca!

[homebrewruss] 21/10/2020 12:11

David I agree with Pro although I thought it was interesting on the latest presentation p14 that Chinook says 'Discovery' whereas Coho and Cascadura say 'Gas Discovery'.

Probably just too early to tell given also that TXP thought that Cascadura was an oil discovery prior to testing.

[pro_s2009] 21/10/2020 12:04

Who knows......all we know is, the share price is dirt cheap at the moment. I had yet another 10K top up today.

Just got to fill yer boots while the stale, the traders and the impatient sell their shares.

[davidblack] 21/10/2020 12:00

Apologies if this is a rather simple query but is it likely that Chinook might turn out to be oil and gas rather than gas with a dash of liquids at Cascadura?

Just based on what appears “Next Door” on the map.

[inthemix] 21/10/2020 10:03

I never closed any position. This could double on a few billion dollar deal which is definitely incoming. No risk investing at this price imho dyor.

[spawny100] 21/10/2020 10:01

Yeah I was just going to post can't buy any right now. Don't get left behind!

[inthemix] 21/10/2020 09:59

Cant even get a quote for £50's worth.

[ngms27] 21/10/2020 09:46

Well they now have two more discoveries on there acreage.

[pro_s2009] 21/10/2020 09:44

spawny, they are drilling from the same pad, and so for the previous drilled depth they know exactly what to expect....so that will drill very very quickly.

[spawny100] 21/10/2020 09:39

Thanks Pro. Anyone else susprised that Casca Deep now being drilled much deeper than original target? Paul was pretty definite results before Xmas but given time taken on Chinook I'm not so sure now they are drilling deeper than 8150ft.

[homebrewruss] 21/10/2020 09:39

David there's some more info about the Lease Operators Ltd (LOL) drilling success here:

[pro_s2009] 21/10/2020 09:33

You need to register for the presentation tomorrow.



6pm BST Thursday 22nd Oct.

.

[davidblack] 21/10/2020 09:20

Re the land package to the north of the TXP ground it is held by Lease Operators Ltd, a private Trinidadian company, who have been using the same rig as Touchstone.

They apparently are quite busy and have made new discoveries immediately to the north that would be informative re Touchstone’s acreage.

Here is a press piece that is quite illuminating!

[ngms27] 21/10/2020 09:12

I have and it shows nothing onshore just those that have a bit of both!

[highly geared] 21/10/2020 09:11

Apparently the field extends under my house...good news!

[homebrewruss] 21/10/2020 09:10

ngms27 it isn't offshore only, look at the lower 1/3 of trinidad on the map (ortoire is number 24)

[spawny100] 21/10/2020 09:08

What time is the presentation tomorrow? Anyone have a link to it? If there are questions at the end it sounds like this one about neighbouring licences is a good one worth asking?

[ngms27] 21/10/2020 09:03

Unfortunately that's offshore only

[homebrewruss] 21/10/2020 09:01

ifthecapfits, I think there may be a more recent one but this map from 2018 should work

[davidblack] 21/10/2020 08:56

Many thanks both NGMS and Spangle.

[ifthecapfits] 21/10/2020 08:55

So, anyone have a map that shows neighbouring licences?

[ngms27] 21/10/2020 08:51

Sure, it means those on adjacent blocks now have confirmed discoveries and available resources without any exploration costs.I don't know what happens in Trinidad but in other areas the production would be unitised meaning the other block holder would get proportional revenue for any hydrocarbons produced but there would be some allowance for opex and capex.So if 50% of Chinooks resources are on another block, potentially the other block licence holder will get 50% of revenue.It would be great if someone who knows the Trinidad regulatory framework could confirm the exact situation there.