Touchstone Exploration Share Discussion Threads

[dunderheed] 15/2/2021 07:49

No I saw it thanks Pro and agree very nice summary.

[mynameiskhan] 15/2/2021 07:49

TXP test result likely end of Feb to early March once test result is known from all zones. We are getting close now.

[dunderheed] 15/2/2021 07:37

Yep certainly liked the RNS, now where is ours?!

[mynameiskhan] 15/2/2021 07:29

They have exceed expectations; encountering oil in all formations is truly amazing ... however, they need to test and flow at commercial rates. Next step, (flow tear) will be key

[dunderheed] 15/2/2021 07:16

So what's the verdict on PANR?
Apologies fit O/T and I only ask as believe there are quite a few in here who have shares?

[pro_s2009] 15/2/2021 04:06

Oil is perky again.....WTI over 60 and Brent over 63.

All adds to the cash coming in for TXP for those South Western oilfields, keeps things perky and nice before the Wall of Cash in 2022.

Still going to be interesting of the planned development drilling of those South Western oilfields in Q4 2021 will be just shallow oil wells, or poking down deep as well and so having an exploration twist.

[mynameiskhan] 14/2/2021 19:57

Risk of gas price fluctuations has been mitigated through fix price for at least 5 years. This is the best possible deal for any gas company. Company will be able to sell any gas immediately without any CAPEX or any risk of dilution or debt requirements.

[thebull8] 14/2/2021 18:01

Maybe next week lol...but definitely shows the potential of TXP for those not invested. And if anybody doubts $1 per MCF as a reasonable profit it represents 40% gross profit on our sale price of around $2.50...very reasonable given the almost zero CAPEX and debt TXP will have

[davidblack] 14/2/2021 17:46

Yes in US dollars or

£29 in Sterling!

C$51 in Canada.

Big numbers! But probably not this week?

[thebull8] 14/2/2021 17:24

For those that are not aware... there are one billion MCFs in a TCF. $1 per MCF equals $1billion per TCF. Nine TCF equals $9billion (or about $43 per share roughly :-D)

[pro_s2009] 14/2/2021 16:33

Yep......thats why I keep buying more.

[davidblack] 14/2/2021 16:22

Should that come to pass at $1 per mcf that’s a big share price based on 225m shares fully diluted.

[pro_s2009] 14/2/2021 14:55

I would imagine Steelhead is not included in the Royston 1 TCF. Will be a separate target and so not included.

The current talk is that Cascadura could end up as being 1.5 TCF.

All eyes will be on Chinook Deep in 2022 as to whether thats going to get bigger with the sub thrust.

When you add them all up......you can see where Krishna is coming from where he reckons Ortoire will end up being 9 TCF of gas or more. In time Casca/Chinook/Royston might end up, when the deeps are drilled, with around 4.5 TCF between them three.

Thats why for me, TXP is just buy and hold and add and add and add.......I am sure its going to pay off handsomely end of this year or next year or the year after, when it gets taken over.

[davidblack] 14/2/2021 14:49

So secondly offset target due to faulting?

Wonder if Steelhead is included within that topside 1tcf target size for Royston?

As in is the 1tcf a notional size for “Greater Royston?”

[pro_s2009] 14/2/2021 14:30

DB.....looking at it very simplistically, the thrust fault (red dotted line) cuts the Gr 7a and Gr 7bc to the right hand side of the pic below......so perhaps Steelhead is the other side of the thrust fault........2km away......

[davidblack] 14/2/2021 13:33

Thanks and with Royston being a 1km square area Steelhead sounds like a separate or satellite target.

[mynameiskhan] 14/2/2021 13:20

DB, Steelhead is 2km to the south of Royston, and will be drilled if Royston comes good. If Royston comes good, it will largely derisked Steelhead prospect

[pro_s2009] 14/2/2021 12:43

gopbg.......deliberate error spotted......... :)

[spawny100] 14/2/2021 12:13

$600 Nat gas price spike! Will be interesting what happens to prices tomorrow as record cold hits much of Central US next couple of days.

[buffythebuffoon] 14/2/2021 12:08

Thommie,

“ I cant remember any such big timeframe from 1945 till today where there hasn’t been any war between these countries.”

That’s down to one thing and one thing only. The realisation that after Hiroshima and Nagasaki there could be no winners.

For example, Kim Jong Un and Kin Jong Il didn’t and don’t trust the USA, and whatever discussions ever take place they don’t want to rely on China being the main disincentive to the USA carrying out their desire to have a power base on China’s doorstep, however powerful China’s support may be.

Buffy.

[davidblack] 14/2/2021 11:04

Steelhead is apparently “A couple of kilometres south of Royston.”

If I understand correctly both Canadians and Trinidadians use the term “A couple” flexibly.

So it’s most likely three but could be five.

So Steelhead might be the Royston 2 well or something else, we simply don’t know yet.

Also unless Royston comes good Steelhead will not happen next.

But that’s exploration! And putting 4 holes a piece into Cascadura and Chinook would certainly boost the cash flows.

[thebull8] 14/2/2021 09:04

And let's not forget - even if these drills find no additional gas, they will be used as production wells to increase gas production from known reserves. Buy one get one free

[gopbg] 14/2/2021 09:00

Pro ...Thats a lot of drilling in 1 and 1/2 months ....;-)

[pro_s2009] 14/2/2021 05:04

Whats also nice is that all of those 3 Sub Thrusts will be drilled properly after Royston-1 and Steelhead-1.

By the way of Kraken-1 in Q1 2022 followed by Casca DeepDeep and then Chinook Deep, all being well. Thats potential many TCF of upside to be drilled in 2022, currently all of which is not accounted for in the price at all - at this state, there is nothing in the price as yet for even the Royston Herrera targets to be drilled very soon.