Touchstone Exploration Inc T.TXP

New Press Release - Touchstone Provides Cascadura Production Update

CALGARY, AB / ACCESSWIRE / September 18, 2023 / Touchstone Exploration Inc. ("Touchstone", "we", "our", "us" or the "Company") (TSX:TXP)(LSE:TXP) is pleased to provide an update regarding natural gas and liquids production volumes from the recently commissioned Cascadura facility. Touchstone has...read article.

[Nergy]

Very nice news, they are alredy on target production with both wells choked back, I was expecting a month to get there. Touchstone achieved its forecasted Cascadura gross natural gas production rate of 60 million cubic feet per day ("MMcf/d") on September 15, 2023. The Cascadura-1ST1 well is currently contributing approximately 40 MMcf/d while the Cascadura Deep-1 well is contributing

[matt2018]

it is good news, unfortunately the Royston news is presently stalling the stock price. The Casc news was a given, sort of priced in looks like. But to go back to Royston a second time and get hit over the head with a stick again is whats causing many to throw in the towel. As othere have mentioned here, its now become a story of show me the money.

[politicat]

Looks like 60 mmcf was priced in at $C250M mc but i wonder if 90 mmcf is ?  I was also expecting a few weeks to a month to get to 60 from start up.  If it is choked at the surface then it would seem pretty straight forward to open things up to facility capacity of 90 mmcf. 90 mmcf would be over $20M FCF per Q.  And that is ( " in the jeans " ) FCF after all deductions as

[eyeNtee]

Does anyone happen to know what price they are getting for thier liquids? They have a decent amount now from Cascadura but is it a fixed contract like the gas? Thanks..

[Margin321]

It is not fixed. It sells at a discout to oil but there are varying degrees of taxation based on selling price that tend to level out the return somewaht. AS conservative guess might be profits of $15-20 per barrel.  So 1400 barrels  per day would bring in 21 k- 28 k per day or $630,000 - $840,000 per month. Total profits per month are expected to be about $4,666,000 so most of the

[eyeNtee]

Thank you Margin 321, sounds good hopefully they get drilling agian soon..