Touchstone Exploration Inc T.TXP

Royston

[Chreca1]

Now with the drilling completed on Casca Deep, next up is Royston.
So when can we expect the drillbit to hit the dirt again on the Ortoire Block !?
They have a commitment to fulfill so no time to waste, right ?
They have the money in the bank thanks to the recent PP.
So what are we waiting for then ?
The road to be completed AND the Big Rig to be available to TXP, right !
So again this is what I'm told AND what we should expect I believe as for now unless any kind of delays occurs needless to say.

Road work to Royston should be completed by the end of February.
The Big Rig is scheduled to be available in March.

Now make of that what you want but I'm saying Royston spud as early as April...mark my words !  As no time to waste on this.

[Goaweigh]

And what's happening to the rig we're using now I wonder ? Maybe Wildcat has leased it for AAV, that doggy needs all the help it can get, too much depletion I hear.   He was always squawking about our lack of production but what he failed to realize is that if you only drill and never produce you're depletion problems just disappear. For a guy in the biz he wasn't too bright

[Chreca1]

It seems they will take a pause with this rig for now (only my guess I should add), though what we want to hear of now is the announcement of the drilling and exporation plan/program post Royston, and it seems they will let us know of this in Dec or Jan from what I heard. So, one more big News to look forward to here. I believe the present smaller rig will be re-deployed once they start up the

[stanley]

Chreca1: RE"Now make of that what you want but I'm saying Royston spud as early as April...mark my words !  As no time to waste on this." -----------------------IMHO------------- Agreed; HOWEVER, one may not want to overlook the value proposition of: 1. A loomoig...NGC contract 2. COHO connection.. Q1 2021 3. Testing of three "world class" discoveries

[Margin321]

Thgey will drill Royston in April.  How much more of a clue do we need? 1. There is one bigger rig on TT. (than the one they are currently using) 2. Plan is to use that rig to drill Royston. 3.  TXP has reserved that rig starting in the second quarter. 4.  They are already working on access road and pad.

[Davidblackgreen]

That bigger rig is on the island and currently being refurbished and upgraded. Came from a reliable source.