Touchstone Exploration Inc T.TXP

Videos of the Chairman of NGC + InDepth of 2023 & Beyond

[stanley]

Lurk & Learns:

Sometimes it is helpful to learn who/what TXP is dealing with (The National Gas Company,NGC, of Trinidad & Tobago) as a buyer of 100% Coho & Cascudura gas production; especially as;

One key "deliverable" by TXP (on behalf of shareholders) is an enhanced/renegotiated gas pricing (basket) structure from the NGC. In addition, 

Recall the NGC is tasked with connecting all of TXP's production.

Methanex restart of one plant coincides with Cascadura's expansion vis a vis TXP's 2024 exit FORECAST. Hence as foward looking Lurk & Learns eagerly anticipact this "TXP Turnaround" (recall TSN Turning Point??), as manifested by increasing (Q2 & Q3) GAAP inspired quarterly EPS.

While others might want you believe that third world politics (despite "anti-bobol" Red House Parlimentry legislated deterrents in Trinidad & Tobago and ask Jody Wilson Raybolt about her stand against/about SNC Lavalin and ex PM Stephen Harper's Canada's equivalent) is hindering TXP's rate of progress in T & T, we might want to get a feel for how T & T (gas focus ) has evolved to world class over the past ~ FIFTY years.... "gears not flares"... means Trini's made a major step to energy independence by repurposing gas that was previously flared to (say, first instance) T&TEC power generation at Penal.

The National Gas Company of Trinidad & Tobago

Trinidad's Oil & Gas Economy 2023 and Beyond

The cornerstone of NGC's mandate might surprise some of the (faceless and self-serving) detractors without any T&T O&G experience.

Meaning after 15 years PB might be more familiar with who he is dealing with as opposed to the "low life" who think that they can do better.

BWDIK?

GLTAL GLAP Caveat Emptor
Cheers
Stanley

[matt2018]

I dont believe many investors here are concerned about PB business relationship with the NGC. Investors are concerned about production issues, like production dropping from 8.5k boe/d (as reported in Q4 2023 results), vs the 7k boe/d for Q1 2024 as reported in the April 10 operational update.  Thats what drives the stock price.