Touchstone Exploration Inc T.TXP

Pipeline

[Barasinski1]

Hey folks. First time posting here. Have been on the TXP ride for the past year. Can't wait to see what 2021 will bring for shareholders her! Does anyone has some kind of timeline for all the exciting things in the pipeline at the moment? Seems like we have a bunch of exciting things coming up in during this year and I kind of lost track on the timing of all of it. Happy new year!

[Margin321]

Rough timeline only - anyone can correct. 1. Chinook testing results , before Jan 14. 2.  Jan 14 - Paul Baay conference in London. 3. February - Casca Deep testing results 4. March - Coho well on Line to sales (maybe 10 MMCF/day) 5. Early April - Royston well spuds 6. May - preliminary Royston results. 7. June or more likely July - Royston testing results (if a discovery) 8. November

[Goaweigh]

I think that at some point after the Casca Deep testing we should get an updated resourse calculation which would definately help analysts models and maybe upward pricing. Think maybe a second well at Chinook trying again to reach TD would be the priority over a third well at Cascadura. I believe we were in a very high pressure payzone when hit the 68 feet of pay so maybe pushing that deeper first

[Margin321]

I think they will have to use the bigger rig (contracted to drill Royston in Q2) to go deeper at Cascadura and at Chinook.  The Wells Service Rig almost lost it on Cascadura ST and couldn't handle the pressure at Cascadura Deep even after it had been upgraded to higher HP. Do that will make any deeper well at Cascadyura or at Chinook an end of Q2 event, if then.  Depends on where

[Davidblackgreen]

That big rig was imported because of the future TXP work and is currently being upgraded and refurbished. So not long till they have something big enough to handle the pressure and depths.

[Chreca1]

I said it before but as far as I know there will be no more drilling on the Chinook and Casca sites before they are put on production as they can't do the tie-in surface work and drilling at the same time for obvious reasons. So, again I'm very much looking forward to what plan they have for that big rig post-Royston ? Happy New Year ! 

[Davidblackgreen]

You can't drill on one site if they are working on the pipes at another site? Really. I am guessing the pipe people can take three week breaks at either site? Or is that too simplistic?

[Chreca1]

Can and will are two different things, let's just say I been told this from a most reliable source and  that should be enough for you. As for three weeks I have no idea what you are talking about, how about you go back and check how long it took from the commencement of the drillingprep.-work on Coho and Casca-1 until the final tests came out and how long is it since the Chinook spud

[Goaweigh]

No one is doubting your sources but wondering why we can't get back onto one of the two sites sometime after Royston drilling is finished shouldn't be offensive. If Royston is done by the end of May then there are 7 months until Cascadura/Deep and Chinook are hooked up so it would be nice to know why we can't find a window of 30 days or so to drill another well on one site or the other

[Proselenes]

What happens after Royston-1 is drilled ? Well, the road to Casca/Chinook is going to be busy and work ongoing on both sites installing the surface facilities etc.... I believe, if Royston is a success, then they will drill another 2 wells at Royston and plan to bring on another 100 production when Royston goes into production. Each well giving around 33 per day........ And of course, there is

[Goaweigh]

I believe the Rig we are using at Royston can go to 12000 feet but I can't remember what the TD is at Royston for that mid - Miocene target and do you know how much deeper the Cretaceous target would be ? This may be a silly qustion but if you have a rig that can drill to 12,000 and you have a primary target at 10,000 and a secondary target at say 11,000 why not drill both while you've got

[Proselenes]

Dont know the depth of it. However, its a speculative target.  The primary target is the gas in the mid-Miocine.  You dont want to risk that..........prove it first. Once thats proven you can then plan a deeper well, knowing what your are drilling into.  Knowing whats there on the way allows for the casing and well design to be good and able to handle a deeper drill depth. Makes

[Goaweigh]

Yessss Okaaaay.

[Chreca1]

Who knows how it will actually turn out in the end as I'm not sure even the company itself  know for sure at this point, but as I understands things they want to keep the area clear while the pipeline and surface are work being in progress. And with many things out of control of the company and it's plans maybe they will have to re-think and re-plan when it comes to timelines etc