Touchstone Exploration Inc T.TXP

RE:Final ? Shakeout of Weak Hands/Knees b4 ~Jan 20th Whipsaw?.

[stanley]

Lurk & Learns & Sunnyboy11:

Again thanks for the kudos, (BTW, Trinis say "sagaboy" to describe/address someone that they think could be best described as "cool") as it only gives me the impetus to clutter the board with my latest speculation(s). e.g.

just checking the latest updated short position(s) shows a sizeable(%) increase for the YE 2021. Not sure what to make of it; however the only thing possible is the fact? that it would have to be covered?

I'll leave that call e.g. "rounding error" to others. As I already provided some possible trade stats/data (besides anonymous which is supposed to be the sophisticated investor....but en Fraicais "on ne sais jamais"). With speculated options including; but not limited to: portfolio insurance for a major shareholder or just part of a "take under" strategy. 

Short Positions for TXP

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : TXP	2021-12-31	767,142	216,756	210,731,727	0.36
T : TXP	2021-12-15	550,386	-57,456	210,731,727	0.26
T : TXP	2021-11-30	607,842	316,259	210,731,727	0.29
T : TXP	2021-11-15	291,583	98,525	210,731,727	0.14
T : TXP	2021-10-31	193,058	15,673	210,731,727	0.09
T : TXP	2021-10-15	177,385	-97,977	210,731,727	0.08

Meanwhile, wrt to Royston-1 economics, etc. Recall: XM is a Phd in waiting; with Dr Krishna Persad being his mentor, and Petrotrin his previous employer. The point here is XM spent his working life in T & T and is well connected to all aspects of operations.

Sometime before/during/after the (much reported) seismic promotional tour with Hon. Stuart Young, the main take away (aka cost justification) for me was XM/his saying, "we know what we're looking for".

How close was Shell during their foray? The word for today (say 50 years later) is major advances in "geo-sleuthing" and I'll just have to defer to his (& the TXP team's) expertise.

Put another way, once a BOD decides to follow up an EXPLORATION hole with another hole AS A MATTER OF GRAVE URGENCY/EMERGENCY (to catch the oil in vogue market); we might want to admit/conclude that the BOD was convinced (after seeing a detailed justification of payback, etc) that a $7 mln expenditure was cost justified. As PB cannot make any pronouncement with the BOD's "blessing".

In fact I would speculate that a (extrapolated and interpolated Penal Barrackpore c\w "salty water" cut separation and disposal) field development strategy might just be part of the PP.

After which we c\would draw our own speculation(s) and/or conclusion(s).

GLTAL - GLAP + Caveat Emptor

Cheers
Stanley