Touchstone Exploration Inc T.TXP

Can’t understand

[camille22]

Trinidad badly need gas and TXP can't get it to market.

[Margin321]

NGC buys the gas from TXP at the wellhead.   NGC can't get it to market.  Coho small project and delayed by Shell so they day.  Cascadura is a BIG project  cannot come on line until entire development plan is accepted and the pipeline extension is built. TXP does have a aprt in building the facilities at the well heads  to strip out the liquids and store and transport&

[becker123456789]

I have been out for a while . The fact that there still waiting for NGC is a huge red flag. More dilution and even when they get this going will affect the price share in the future. Still can see why people have hope but too risky for most and the current price decline shows me that others agree.

[matt2018]

energy investors are allocating to producers that are ripping right now with this move in oil. its difficult to get investors to add here right now with so many good short term opportunities in the space elsewhere. They gotta come up with some strong positive developements soon. Unfortunately, some of the delays to start generating some real cash are out of their control.

[Margin321]

You can stay out if you want. The issues related to NGC and Shell are crystal clear at this point and definitely not a red flag.  Not even a small red flag.  There has been no recent dilution and none is planned. The biggest issue right now is the ugly word "water" and trying to understand what that means in various zones. Positives going forward include progress on cascadura

[Davidblackgreen]

The new drill might be the hidden transformative event. Bet they had to pay $10min extra costs because of the only crappy drill available plus the extra overheads on its much longer timescales must have really cost millions more. We will see!

[Margin321]

Cascadura is the transformative event in plain sight. And the big Well Services rig did great on Royston well - it was a textbook drill without a glitch. While the first Star Valley legacy well had to sidetrack and took double the expected time.  Star Valley rig was just warming up and should be great. But would not complain about Wells Services drill at Royston. That was super.