Touchstone Exploration Inc T.TXP

Let's Add Up the Interim/Incremental Oil + Coora Site Visit

[stanley]

Lurk & Learns:

Sometimes reliance on "experts" like JS making generalizations might just get one thinking of how mis-informed some people might be about Touchstone. While it is very encouraging to see JS is back to an opinion on Touchstone; (i.e. besides his "hope" that TXP might get back to $1.40 may be a "gap to far"? A pull back might not be in the cards, given the POSSIBLE announcements "owed to the market".

In the attached video, the videographer mentions some key locations wrt Touchstone's "stomping grounds". e.g. "Previous" in-country HQ by a swanky Sydney St" is a suburb of Fyzabad (not "Pfizer bad" as the captions indicate, LOL).

Siparia is the nearest town to Quinam Beach. You need to take the Coora Road to get to Quinam Beach. Anyway, Quinam Beach is relevant in the attached video, because ~ the 4 min mark it shows a (Coora?) Pumping Jack that appears to be in service for a few years. It is in this general area that Touchstone plans to fulfil their Legacy Comittement drilling (to net 100=200 boe/d) of 2(?) wells before moving on the Ortoire (re JS's 4D + 2E).

Lurk and learns might want to add up the interim/incremental oil as contributors to a possible EPS PPS rerating being forcasted by JS. 

Now looking at JS's $50 mln figure in context; might be a little less "scary" without a caveat. Something that Lurk & Learns already know. $30 mln from a recent NR plus the potential for more borrowing capacity based on a GLJ update (as at Dec 31 2021) .    

Replication of a Time Tested Production Strategy - Coora

Interpolation & extrapolation.....put Venezuela into your 10,000 foot aerial view/imagery.

GLTAL - GLAP Caveat Emptor

Cheers
Stanley