Touchstone Exploration Inc T.TXP

Interview with Paul

[Proselenes]

Here it is.....

hTTps://www.youtube.com/watch?v=Uye8cf2qrSM

.

[hawkowl1]

Hard to concentrate after Katie Pilbeam asked Paul when he was going to probe deeper while licking her lips.. Yes I am a pig

[Taffypalmer2014]

I saw that and I also liked when Paul talked of up to 100 MMCFD after the wells are on production. And thats without any further development drilling at Casc, Casc Deep and Chinook. Gonna be massive cashflow, just have to be patient. 

[Proselenes]

So the boom for December is the NGC deal. The boom for January is Chinook-1 flow testing (as Paul says, at this moment in time Chinook is nothing, its not a discovery until its flow tested) which is when the real value for Chinook will be added to the share price.  That will be a milestone which the big boys can buy put more of their funds into TXP. Then we move along to Casca-Deep flow

[Chreca1]

As they will get their hands on the big rig in March already, my guess is Royston will spud in April. Just watched the PI interview, and as usual liked what I heard. Like for example probably 4-6 production wells to drill into the Chinook pool and 4-8 production wells at Casca...WOW ! That makes 11-17 wells just to drain the Casca/Chinook area !!! Oh happy days !!!

[Davidblackgreen]

At 5,000 boeqpd each. That's quite a bit.

[Chreca1]

David, I'm told the road to Royston is expected to be finished by the end of Feb, and the Big rig will be available in March thus my April spud projection. It seems they will not do any development drilling on the Casca/Chinook area prior to the Royston drill op.

[Goaweigh]

I guess they can't really do any more work at Casca or Chinook because they can't get deep enough to fully apprais these assets. Is there only 1 friggen drill worth shite on an Island that's actually saturated with oil and gas. ? I can handle a stock not getting to $ 10 because it didn't discover enough of a resource to justify it but owning one where we are almost dam certain it

[Davidblackgreen]

The big rig is on the island and is being refurbed currently. Information came from a reliable source.

[Goaweigh]

I presume that's the one heading to Royston and once done there I hope it comes back to Cascadura/Chinook. If we have success at Royston and knowing we need to go much deeper at C&C to fullly apprais and develop that block we are definately going to need an additional rig capable of doing the job. Thanks for the info.

[Davidblackgreen]

You are apparently spot on with the rig also being upgraded at the same time as the refurb.

[Goaweigh]

To make sure we are on the same page, We have secured one big rig capable of getting down to 12000 and that's heading to Royston once we have road access, pad is built etc. Now if I'm not mistaken didn't Paul say something about doing further upgrades to the rig we are currently using, I remember something about bigger pumps. I'll have to go back and listen again but it would be

[Chreca1]

The only real O&G action in T&T for the last 20 odd years been offshore so yes there seems to be only one decent onshore rig on the Island and hopefully it will stay in the possession of TXP for a looong time once March is upon us. And all of a sudden an old Simon & Garfunkel song just came to me...April come she will...LOL

[Chreca1]

May, she will stay...June she'll changed her tune....July, she will fly...well I better stop there.

[Goaweigh]

If Coho nets US $ 500,000 per month on 10,000,000 Cf/d then we have a lot of cash flow coming by the end of 2021 and a lot lot more coming in 2022.  We need to get that contract signed and get building some gas plants !

[Samsam17]

What was also significant from that interview is that most likely the gas deal will be done by year end!!

[spawny100]

Paul actually said by year end "for sure" for NGC deal!