Touchstone Exploration Share Discussion Threads

[buffythebuffoon] 09/6/2021 17:22

There’s fifteen minutes of my life I won’t get back...

Buffy

[homebrewruss] 09/6/2021 17:20

From the AGM, now over.
Royston - road a couple of weeks away from being completed (subject to weather) and then rig will move in.

[buffythebuffoon] 09/6/2021 17:06

Anyone else got audio only?

Buffy

[rabblrouzr] 09/6/2021 14:47

exhausted in Canuck-land...out of ooomph!

[lauders] 09/6/2021 10:41

Let's hope the AGM get TXP back on track. Seems like a tough ceiling to breach 100p and stay above it now. Perhaps some positive vibes will do the trick and Canadian trading will lead the way?

[davidblack] 09/6/2021 09:35

PB here pre the Coho drill clearly states that they think they have three wells to drill at Coho.



After drilling Cascadura, the Coho wells 2 and 3 appear to have become second tier targets. Especially since they were not part of the 4 wells licence obligation requirement.

Post Chinook being not so straightforward and with a pipeline going in at Coho (it will happen) the economics of Coho wells 2 and 3 may now be very much more attractive?

[pro_s2009] 09/6/2021 07:07

TXP, the quickest route to the additional cash flow is short pipe to Shell. So ultimately that is the preferred route.

However, there will come a time when if not going ahead it will be time to say "Ferk It" and just go into the NGC line.

Cat and Mouse between NGC and Shell and government. Shell want something, NGC want something and they have to sort it out between themselves. TXP is just watching and waiting on the sidelines.

[sleveen] 09/6/2021 07:03

David

"Time to drill the two other Coho prospects and take the gas to the NGC pipeline?"


Interesting idea, it would speed up negotiations if Shell thought there was an alternative route to market for the gas.

[pro_s2009] 09/6/2021 05:45

As soon as they come out, I will post them.

[rabblrouzr] 09/6/2021 04:42

When approx are those June figures due to be published by Everclear? Patiently waiting !! ?

[pro_s2009] 09/6/2021 00:25

Shorts in Canada reduced down to just 157K now as per 4th of June 2021.

Euroclear June 2021 figures for stock on loan in London are going to be immensely interesting.

[1domus] 08/6/2021 21:19

As for now Txp aims for the Shell facility.

[davidblack] 08/6/2021 20:09

Time to drill the two other Coho prospects and take the gas to the NGC pipeline?

[1domus] 08/6/2021 18:20

Shell wants other things approved for their blocks and developments elsewhere so… I guess that they try to use the Coho pipeline as a negotiation card.

[davidblack] 08/6/2021 17:52

Apparently Shell might not be too happy about the $2.50 TXP gas going to their state rival and also that it risks reducing the impetus for the offshore drillers to spend their big exploration dollars if they can’t make money at $2.50.

Shell obviously wants those offshore explorers to invest billions and then lock in that offshore supply neatly at one of those times when prices collapse!

Txp is apparently an annoying fly.

[spangle93] 08/6/2021 16:18

Interesting that Mr Baay is in the same session as the general manager of Shell's TT Upstream Assets, especially as the session is titled "RAPID Upstream Asset Updates".

TXP's Coho would be more rapid with Shell's co-operation

[adon30] 08/6/2021 15:45

Thanks CFC. Just realised to change the t to a capital to make them work. Will do that in future (if I remember)

[captainfatcat] 08/6/2021 13:21

Now clickable

[bernieman] 08/6/2021 13:15

Thanks for the info. Maybe the energy conf and the AGM is why we are seeing slightly better sentiment in the share price today.

[thebull8] 08/6/2021 13:12

Yup that's what I was getting at :-)

[spangle93] 08/6/2021 12:59

The bull - "This says to me whoever buys them is responsible for the transportation costs."

Or, that if it's at such a discount to Brent, it's sold by TXP "at the wellhead" (or in reality, post separation) and as such transportation won't be their problem

[adon30] 08/6/2021 12:58

Shipka was yesterday and PB is today this afternoon

[homebrewruss] 08/6/2021 12:54

Don't know Bernieman but he will be talking at the TXP AGM tomorrow.