from London presentation1. They want to drill several new wells at cascadura and a couple more at chinook - that is what the current rig will do in 2021. Those are development wells.
2. They have already reserved the bigger drill on the island for 2Q 2021 to drill Royston.
3. The contract with national gas compoany will be signed within a month. Currently it is designed to take all the pipeline and gas processing cost away from Touchstone. They will essentially be drilling and selling gas at the wellhead as the wells are drilled and come on line. He did not mention a price (NDA) but he said it would be favorable and did reference current Trinidad procing being favorable.
4. Mentioned a third rig drilling economic oil wells on the legacy acres. Much shallower wells. As long as price of oil is near $50. Also mentioned that the step up for extra oil surcharge tax has been bumped up wquite a bit - from 65 to 85(???).