Touchstone Exploration Inc T.TXP

NGC deal is announced.

[Proselenes]

Here is the news:

https://www.londonstockexchange.com/news-article/TXP/enters-into-a-natural-gas-sales-agreement/14797929

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[Chreca1]

Well, didn't I just told you to expect news this week or early next at the latest ! LOL

[Chreca1]

You guys need to put some trust back in Paul's given timelines and promises of Chrstmas gifts. Now where can we find some more details on the deal ??? Also great to read we have 6 (!) tests to look forward to in the next few months !

[Utkant123]

I see some people in the UK are dissatisfied with the RNS due to no pricing mentioned. The only thing we know is that NGC will supply the pipelines and the necessary equipment to get the gas to market. This saves the company several hundred of million dollars in capex and gets each well straight into free cash flow once drilling costs have been recovered. That is a very nice thing to have! No need

[Chreca1]

Yes, this deal is a very nice thing to have, for sure, as it makes the road to production much less bumpy and tricky with T&T themselves doing that work for us especially when it comes to the financing of it. Anyone expecting the price to be announced here is just ill-informed on how these things work in T&T as pricing is usually not made public. Though with that said I had hoped for a

[Davidblackgreen]

Those "Unhappy people" are often hot money shorters looking to drive the price down in the UK. Don't pay too much heed. I am sure that scallywag behaviour would never occurs in Canada?

[mjh9413]

It is a little strange though since Baay was so willing to throw out a dollar number when talking about the negotiations.eom

[smxmcx2]

Just as I thought. The deal was done prior to the end of the year. Good for Paul since he has missed many other deadlines, for likely very good reasons. However, not including pricing details is bullshit. Its not like it will not come out eventually in the financial statements.

[Goaweigh]

I suspect it's a somewhat complicated formula, with things like pre payback rates, post payback rates, percentages of the floating gas rates, differant rates for condensates etc. etc.  It's a multi billion deal, you can't condence a 50 page document into a 1 page press release.  Can't remember the last time I saw SU or CNQ list all of the details of deals they do either.

[smxmcx2]

I don't care if it is a complex formula, additional detail should be provided. I could summarize a 50 page document in to a couple of paragraphs as I have done many times. I love this company and hold a lot of shares. Don't make execuses for Paul when you know it is a shitty press release. Regarding adding more, you will likely get that opportunity. I would too, if I wasn't extremely