Touchstone Exploration Share Discussion Threads

[kangaman] 04/3/2021 09:02

definitely mutual, just got to blossom.

[buffythebuffoon] 04/3/2021 08:34

I think that’s clear to everyone Soggy; possibly bar one!

It’s nice though. I hope it’s not unrequited.

Buffy

[soggy] 04/3/2021 07:53

Buffy, it's what happens when you are in love! (or another timezone...)

[buffythebuffoon] 04/3/2021 07:47

Hi Pro,

Are you sleeping ok? Drinking more caffeinated drinks? Thinking about TXP when out driving, shopping?

Just wondering. :^}


Buffy

[pro_s2009] 04/3/2021 07:03

("Touchstone" or the "Company")

Shares and AJ Bell Investor Evening Webinar

Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, will be presenting at the Shares and AJ Bell investor evening webinar on 10 March 2021 at 18:00 GMT.

The presentation, given by Paul Baay, President and CEO, will be followed by a virtual Q&A session. To register for the event please use the following link:




For further information, please contact:

Touchstone Exploration Inc.

Mr. Paul Baay, President and Chief Executive Officer Tel: [phone]
Mr. Scott Budau, Chief Financial Officer
Mr. James Shipka, Chief Operating Officer



Camarco (Financial PR)

Nick Hennis / Billy Clegg Tel: [phone]

[thebull8] 04/3/2021 06:47

When you say 420mcf per day I assume you mean 420,000mcf per day lol. Depending on flow rates from Chinook we could get that without Royston. And it would be worth a lot more than £1billion IMO. Given the contract is for about $2.50 per mcf 420,000 would bring in annual revenue of close to ~$400million without the condensates.

[pro_s2009] 04/3/2021 05:02

A poster with the same thinking as me over at the Stockhouse TXP thread.


Ginmunger March 03, 2021 - 09:23 PM


It really depends on what the drill bit does. If the Kraken turns out to be a massive grandslam we could be talking about a 5 or 10 billion dollar valuation easy.

Paul Bay said Cascadura was worth 380 million dollars prior to Cascadura Deep. Chinook isn't as deep (as far as we know) but it takes up a much larger area. Royston has huge potential but is it commercial? Does anyone know anything about Steelhead? I think 1 billion dollar valuation is a reasonable guess for Coho, Chinook and Royston if they top off around 420 mcf/day, 4000 bopd and there is nothing else here.

If everything goes as planned we should know a lot about Kraken in 24 months - if it's commercial we should be north of 2 Billion heading towards 5 Billion . A 2 billion dollar value would mean 9.56 usd or around 7 gbp. Can it be 4 billion? Absolutely, if Kraken is commercial and we know the flow rates, maybe that much more.

What I like so much about this play is how for 5 or 6 million they can discover a $200m-$1000m play. You only have to be right one in 20 times and still manage to make money.

The fact is that you can buy in today for less than the private transaction value of Cascadura and get Chinook, Royston, Coho, Steelhead, 20+ prospects makes it a very high reward, low risk type of investment that I like. Unless you are planning on selling your shares this week, you really shouldn't care what Mr. Market is selling at. If you are not already overweight, it's just another opportunity to put money to work at an attractive risk/reward. And if you are, like Mae West... 'Too much of a good thing can be.... wonderful!'

[pro_s2009] 04/3/2021 03:52

Budget was good.......no change to Capital Gains Tax.

So anyone who has been dumping lumps of their TXP to lock in gains this tax year - scared of an increase to capital gains tax in the budget for next tax year - now has no worries. They can buy back their TXP positions if they never intended to B&B.



.

[thebull8] 03/3/2021 13:20

Speck checking......evidently lol

[zeusfurla] 03/3/2021 12:35

Speck chelling is not my specialty - thx for picking up!

[thebull8] 03/3/2021 12:10

The good thing about taxation in Trinidad is it can't go any higher! The taxation at present is disproportionately high and I would love to see some progressive politicians challenge this to try and increase investment in Trinidad by lowering tax25% of billions is more than 50% of millions

[captainfatcat] 03/3/2021 11:48

The new higher SPT limit I believe also only applies to mature fields and not new discoveries.

[homebrewruss] 03/3/2021 11:12

Ah yes I somehow forgot that - doh!

[davidblack] 03/3/2021 11:11

No it’s 2,000 per licence area.

[homebrewruss] 03/3/2021 11:04

Are TXP able to create 'spin off' children companies to give them another 2000bopd oil limit below SPT?

[buffythebuffoon] 03/3/2021 10:59

Pro,

“ He has over 200 locations to drill for oil down there..........so its really in the hands of the government if they want more oil, more tax - they will at some stage have to look at the current 2000bopd limit to the SPT relief.”

I guess we’re all hoping that, but in the Budget statement they bang on about the OP strip. No mention of the disincentive to produce increased volumes.

Buffy

[buffythebuffoon] 03/3/2021 10:53

“Have another go Buffy 😆”

Have another go HG!


The subtlety passed you by I assume.

If I spelt it complacency, would it have worked?

Buffy

[pro_s2009] 03/3/2021 10:49

spawny. Dont think so as Paul has always said he is interested only in Water injection EOR for the TXP oilfields.

This is to prevent waste water pollution.......he wants the waste water injected back into the reservoirs.

The benefit of CO2 EOR is only in eliminating the CO2 from the world..........so if you dont produce any and store any, there is no benefit in using it........as opposed to Water disposal which is a cost for TXP, so use Water re-injection reduces a cost for TXP.

[spawny100] 03/3/2021 10:45

Do you think TXP will have been one of those talking to PRD about their EOR stuff Pro? I strongly suspect so.

[pro_s2009] 03/3/2021 10:42

With regards to SPT its going to be interesting year end 2021.

Paul intends to drill a few wells in the South West in Q4 and bump production of crude up to the 2000 bopd limit of the SPT.

At that point everyone will know they can drill more and produce more, but obviously will not as there is the 2000 bopd limit.

He has over 200 locations to drill for oil down there..........so its really in the hands of the government if they want more oil, more tax - they will at some stage have to look at the current 2000bopd limit to the SPT relief.

Some interesting chats this month for sure, as the current extensions under review for the South West oilfields expire 31st March 2021, so an agreement for another 10 year term should be news later this month as well.

[highly geared] 03/3/2021 10:37

Have another go Buffy 😆

[buffythebuffoon] 03/3/2021 10:15

“ Final risk is complaceny on my part in failing to identify more risks.”

Should that have read: ‘ Final risk is complaceny on my part in failing to check my spelling’? :^}

Buffy

[buffythebuffoon] 03/3/2021 10:13

My comfort blanket is that by focussing on development this will multibag and go to the moon.

Exploration will provide the kicker for TXP and/or ‘the buyer’ and then the planets will be in sight.

Ok, that’s enough excitement for one morning.

Just a week to the presentation. That’s five more 07:00 Investegate logins...

Buffy

[zeusfurla] 03/3/2021 10:10

The major de-risker for me was the signing of the NGC contract in December which has made the company. There will always be future risks but the hill has been climbed and I feel no substantial anxiety about future risks. I'd add though another risk to the above list - the loss of key personnel - but with the broadening of the management team recently this is partly addressed. I'd asked the capacity question a few months back as a £20m company turning into a £300m one needs more senior capacity and we are now seeing that fall into place. Another risk being addressed. Final risk is complaceny on my part in failing to identify more risks.

[ngms27] 03/3/2021 10:10

I'd also argue that without positive flow test results we have nothing. So whilst it's looking good it could still smack us in the face.