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Bullboard - Stock Discussion Forum Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state... see more

TSX:TXP - Post Discussion

Touchstone Exploration Inc > The FN question is.....why is nat gas production at end of
View:
Post by drunk@noon on Dec 19, 2023 11:20am

The FN question is.....why is nat gas production at end of

2024 only suppose to be 71 mmcf's/d after 2 more casandra wells are drilled? That's the exit rate they are giving on on the PR. This ontop of the flop the second existing well appears to be with it's 11 mmcf/d
production and heavy drawn down. And the go on top talk about an apparent fix by peferating additoinal pay zones  If their were all these bi-passed pay zones why weren't they perferated in the first place.
Something tells me it isn't going to be some easy fix.
Comment by politicat on Dec 19, 2023 12:36pm
Casca was badly oversold by PB.  60mm was said to be in the bag -- while choked off.   Maybe 90 soon.  Wall of Cash !! Even after Casca flows began he said it was at 60mm.  Was that 60mm for a day ?  A couple weeks later it is now 48mm.  PB over sold it.  Oversold Royston badly.  The guy comes across as a used car salesman ....  I should have baled ...more  
Comment by matt2018 on Dec 19, 2023 3:04pm
That Dec 7th trading day where the stock was up 35% on almost a million shares changing hands now looks even more curious indeed. Why would you even present a 2024 budget that requires additional financing when you dont even have a conmmitment for it in place?   Not saying they are not going to get approval on it but wait till you have it first instead of having to add "Accordingly ...more  
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