Touchstone Exploration Inc T.TXP

RE:Life Cycle of Touchstone as a Junior Explorer.

[stanley]

Lurk & Learns:

While the (scattershot??) focus might be elsewhere during the "orphan" stage (waiting for EPS); another point to consider is the emerging oil aspect of Touchstone's Ortoire production. Meaning,

The Touchstone inaugural business plan from inception 9 - 10 years ago was to develop a base of oil production and using current (JS's Canadian & Trini) experience to increase the (mostly extrapolated and drilled with existing equipment) production from the Legacy area. But I digress, only to circle back later.

As we transition to the Ortoire Block , we find that the NGC contract cover's gas at a fixed/set price ($2.50). The currently (in CPM terms of reference) trending oil price and b4 the world is fully hydrogen literate, is a VARIABLE component of the TXP revenue stream. 

Point being, the fixed gas price is OK (e.g to sustain the infamous wall of cash, dividends, share buyback etc) but it is the volume that would be the reason for new (instutional investors) to look at TXP.

BWDIK? Today's In Case You Missed It (ICYMI) is the increasing mention of oil in Ortoire (Chinook & Royston\Kracken complex), some of it as a nuisance by-product of gas, is reminiscent of the discovery of gas when the "giants" were laser focused on oil resources.

When consultant does their 2021 EOY resource\reserve update, Lurk & Learns might just want to compare (variance analysis) of the oil (rising\increasing) component of the report, in an era when the SPT (>$75, production >2,000 boe/d??) may not apply. A good problem to have?

Oil Price Discussion by a Trader - You Tube

The point to those who are pateint enough to review the video, is with world/global oil production in general decline any oil discoveries by Touchstone should be seen as a good/positive thing for the PPS. 

And granted logic is not my strong suit; but it begs the question as to why would you test your third (NA) drill on short holes in the Legacy areas and (mobe\demobe\mobe\setup, even if it is Point Fortin to Galeota Point?) in Ortoire? Especially when your stated intention is to drill deep holes (> Royston) in the Ortoire Block? Somebody bazodee? Maybe it's me!

GLTAL - GLAP
Cheers
Stanley