Touchstone Exploration Share Discussion Threads

[bernieman] 14/7/2021 08:49

That's true.. but I'm still happy as any gas flare edges the odds in the favour of shareholders and away from the shorters. Talk of the nano plant to bring coho online and good PR from the energy minister, all help positive sentiment, which even without RNS might persuade shorters to start buying back. Better than no flare at all.

[bernieman] 14/7/2021 08:45

As per pros message earlier, the government updated their photos to say CHINOOK-1 ( yes in upper case :)https://www.energy.gov.tt/wp-content/uploads/2021/07/Media-Release-Minister-Young-Conducts-Ortoire-Block-Seismic-Survey-With-Touchstone-Exploration-Inc-Revised-1.pdf

[dunderheed] 14/7/2021 08:43

Pro absolutely not disagreeing but more horizontal wells as opposed to what I'm assuming is a vertical test run, will "potentially" provide really very useful cash-flow.

Bernieman also totally agree - except "before Chinook" such "billboard talking" would have produced a different share price reaction methinks?!

Hi Spangle - hope you're keeping well. I've been very busy "elsewhere" so apologies for not dropping a line!

Best of luck all!

[bernieman] 14/7/2021 08:38

Without an RNS, this won't be on many radars yet. There's only about 6 people talking about it on this billboard ! I think this is the calm before the storm and we will see buying build today and hopefully an RNS tomorrow to boost it further. GLA

[spangle93] 14/7/2021 08:34

Pro, ref your image in 21096
Is someone behind the camera shot about to take a free kick?

[pro_s2009] 14/7/2021 08:31

Cruse formation is about size....not prolific producers.

Its vast area wise.

If Cruse at Chinook-1 can flow at say 5mmcf/d (half of Coho) imagine what that means.

Cascadura wells are 30 mmcf/d - but deep and expensive.


Cruse at Chinook are shallow, cheap to drill and should be repeatable.

So bang in 12 wells at Chinook......each giving 5 per day and then you have 60 mmcf/day which is the same as the 2 Casca wells.


This is very simple basic cheap cash generation if the Cruse flows commercially at Chinook. Cheap to drill, cheap to produce, bang a load of them in as the Cruse is massive in size, area wise.

[dunderheed] 14/7/2021 08:26

Absolutely I've seen bigger cigarette lighters and whilst I appreciate there are various stages for testing but with all the choreographing appearing to be here you'd have hoped for a little more of a beast in the photos?!

Absolutely not saying this is not good news and great support from relevant ministry but it does kind of sum up the loss of "smallie" investor trust here, IMHO.

[homebrewruss] 14/7/2021 08:14

Bought a few.
Maybe investors are (rightly?) a bit more sceptical after the previous Chinook results and no guarantee that the Cruse is commercial at this stage.

[leoneobull] 14/7/2021 08:08

Market has gone WILD for TXP. Sp unchanged!

[hiddendepths] 14/7/2021 08:04

Buyers awake early.

[captainfatcat] 14/7/2021 07:57

Thanks for that link Pro.

[kaos3] 14/7/2021 07:22

getting minister visiting - is also a sign to stakeholders - like shell and the rest - how they should think about cooperating with TXP ...
- a sign to the permitting agencies
- construction companies
- customs
etc

I like it

birokrats understand such things and are important to them

[11_percent] 14/7/2021 07:13

RNS......but it seems , no go.

[kaos3] 14/7/2021 07:08

? where exactly

or just go

[11_percent] 14/7/2021 06:55

Ok.....here we go.....

[pro_s2009] 14/7/2021 01:22

No problem.

Personally I dont think a Nano LNG is going to happen for Coho, might have been mooted in order to kick the NGC up the bottom.

Pipe laying is 45 to 60 days.......so if we get the go ahead, yes, possible Coho might be on line by late August........


However, a Nano LNG module might be a development option for Chinook Cruse gas. The Cruse formation is massive in area size, so possibly a Nano LNG might be an option for Chinook with development wells tied into it. Nano plant is good for up to circa 6K gallons per day.

[loafingchard] 14/7/2021 00:35

Thanks for posting that Pro

[pro_s2009] 14/7/2021 00:27

Yes, its is the Cruse at Chinook-1 which is flaring now. All the photos are on the official Ministry media release (PDF in the link below).

So for sure the Cruse at Chinook is currently flowing and flaring..........



.

[pro_s2009] 14/7/2021 00:27

The Cruse at Chinook-1 is flaring now. All the photos are on the official Ministry media release (PDF in the link below).

So for sure the Cruse at Chinook is currently flowing and flaring.......



.