Touchstone Exploration Share Discussion Threads

[holdbucket] 27/10/2020 16:21

MT the stuff you post is astounding - thank you.

[davidblack] 27/10/2020 16:10

Nice spot sir!

[mount teide] 27/10/2020 15:48

Current market research suggests TXP's Ortoire's nat gas discoveries and future exploration potential will be of keen interest to the National Gas Company of T&T - as despite a slight recovery in Nat Gas production volumes since 2018, T&T continues to face a material and growing shortfall between supply and demand.

The country currently consumes 1.5tcf of natural gas per year, both as a result of its downstream industries and the country’s reliance on gas for electricity generation.

So concerned were the T&T government with the growing nat gas shortfall, in an attempt to help manage this challenge, the energy ministry signed a memorandum of understanding with the Venezuelan government in August 2018 to purchase 150mmcfd, subsequently increased to 300mmcfd.

However, with the imposition of sanctions by the US on Venezuela, the deal was suspended. “We were hoping to import gas from Venezuela and those plans were well advanced, but there is almost no expectation that there will be progress on this in the short term,” Thackwray Driver, CEO of the T&T Energy Chamber, told OBG.

Sanctions on Venezuela also led to the February 2020 decision to halt the joint development of the Dragon cross-border shallow-water natural gas field, which was agreed upon in 2013.

The following Country report on the T&T O&G Industry by the Oxford Business Group gives excellent insight on the current health of the industry and the challenges it and the Nation's also globally important petrochemical industry faces over the next decade.

New oil and gas discoveries support energy sector's recovery in Trinidad and Tobago - Oxford Business Group

[davidblack] 27/10/2020 14:21

I was rather hoping they found too much for just the domestic market.

BHP are busy out there in the neighbouring water finding multiple TCF so maybe beyond Royston there might be more gas?

[spangle93] 27/10/2020 14:20

You don't think operators use compression to suck gas from low pressure, late-life gasfields to extend field and facility life??

[ngms27] 27/10/2020 14:12

Only relevant if going down the LNG route. TXP aren't.Local market, local prices

[captainfatcat] 27/10/2020 13:44

Still the take away is gas prices will continue to strengthen as production of shale oil continues to fall in the US

[ngms27] 27/10/2020 13:15

Henry's Hoover is more relevant to TXP...

[captainfatcat] 27/10/2020 13:14

From BP today....

US gas supply is expected to continue on a declining trend in 2021, largely due to a drop in associated gas production. Tightening gas balances have caused the prompt price to rise, and the futures curve for Henry Hub now averages above $3 for 2021. This would be expected to provide some support to pricing in Europe and Asia until more gas comes to market.

[dunderheed] 27/10/2020 12:59

I was not stating an opinion if there was or wasn't a seal, I was stating there is no correlation of that phenomenon based upon the upper layer being sealed, just my humble opinion of course and happy to be shot down. Over to S93.

[ngms27] 27/10/2020 12:41

That's a really good question. My interpretation given the latest presentation is that they share a common seal as the Herrera sands are encased in gas charged silty clays. Ie low permeability but not a full seal?

[dunderheed] 27/10/2020 12:37

I'm betting there's none DB, over to S93.

[davidblack] 27/10/2020 12:27

Spangle is there any logic in the idea that if the Cascadura upper level is sealed that the lower layer is more or less likely to have a seal in place?

I am assuming that there is no correlation but just curious on a dull day.

[pro_s2009] 27/10/2020 12:23

And if you want a couple more articles about T cell response and why measuring antibodies is completely misleading.







The information is out there, if you want to move past the BBC/CNN/Sky/C4 misleading project fear slant on things........ :) And yes, I do read a lot of articles by people who are very adequately qualified :)

[pro_s2009] 27/10/2020 12:15

buffy, let me quote someone who is......this is the trouble, the BBC and other biased media are not reporting the whole truth......just a slant on it which suits their agenda........




........There are two major types of “memory” immune responses – changes to the body that mean you are able to recall a previous threat in order to mount a rapid protective response on reinfection. The first is driven by B cells, which produce antibodies. Vaccine research aims to generate potent, long-lasting antibodies that can protect us for life, but this is not always achieved. When antibodies wane, booster vaccinations can help. When viruses evolve to escape detection, like the fast-mutating flu, a newly designed vaccine is needed to stop them in their tracks.

The second cell type able to remember an infection is the T cell. T cells may be sufficient to control infection in the absence of antibodies, and act by organising immune defences (so-called “helper” T cells) or directly killing infected cells to restrict new virus production (cytotoxic T cells). T cell responses have been detected in most Covid-19 patients, and first-in-human vaccine trials have reported potent T cell activation. It is possible that T cells’ memory of Sars-CoV-2 may last longer than antibodies, as is the case in other coronaviruses.

Can you develop a T cell response without developing antibodies? That seems to be a possibility: a small study of patients and their families shows that an unexpected six out of eight family members who caught the virus at home had T cell responses but no detectable antibodies.

Currently there isn’t an off-the-shelf test to measure our T cell responses, and they do not show up in antibody tests. But then even a positive antibody test, at this stage, doesn’t tell us all that much about protection. The duration of any potentially protective immunity remains to be determined. As with so much related to this pandemic, we will know more as the months pass, and people who have recovered either remain well, or succumb to the virus again.........

[buffythebuffoon] 27/10/2020 12:07

Pro, I can safely assume from your comments that you are not an immunologist nor a microbiologist. Are you employed in a role directly connected to this area of medicine?

Buffy

[inthemix] 27/10/2020 12:07

Actually not nt buy, you can get 12 shares on HL "x^)

[davidblack] 27/10/2020 12:03

£5 a share?

That’s bullish this week.

[buffythebuffoon] 27/10/2020 11:37

Roll up roll up... £5 a ticket.

First prize? An atlas.



Buffy

[11_percent] 27/10/2020 11:11

Got some more at £1......a steal.

The rise to 112p was muted.....just for Chinook coming in, never mind the "deep" prospect coming in.......and never mind it could be connected to Cascadura.

In fact, the share price has actually gone down on the prospect that the 2 deep prospects are connected.

Ok, it may go to 95p, but there is a buy triger at £1. The risk is that it will fill the gap....but that would mean it going back under 90p.......which I cant see. Breakaway gaps are the least likely to be filled.

[pro_s2009] 27/10/2020 11:10

Really only one person panicked and sold a 47K lump, thats all been purchased (some by me under 99p thanks).......so yes, might end the day blue now.

Buy price ticking up, will soon be full offer price of 101p to buy if this carries on.

[palace pete] 27/10/2020 11:00

May end up level or blue ftse coming back