Touchstone Exploration Inc T.TXP

Coho and Cascadura both flow in qtr 3???

[Margin321]

Personally I would take a delay in Coho (8mmcf/day) to 3rd quarter in return for a certainty that Cascadura (includes Cascadura Deep) will come on in 3rd Quarter as well. That is a quarter earlier than expected and might be 10 times or more (80-100 mmcf/day) as Coho.

https://newsday.co.tt/2021/01/26/energy-minister-oil-and-gas-sector-can-be-saved/
He said the future of the industry needed proper succession planning, and an evaluation and a gas strategy scheme will be done to develop a 2030 natural gas plan.

Khan said with this in mind, the several projects that were delayed because of the disruption of global supply chains and strict covid19 protocols were about to recommence.

“The delayed projects are due to come on stream in the latter part of 2021. The key projects include production from Touchstone’s Ortoire block, namely Coho and Cascadura wells in quarter three of 2021; BHP’s Ruby and Delaware projects in quarter four of 2021; Shell’s Baracuda and Colibri in quarter four of 2021 and into 2022 – adding a combined total of approximately 450 million standard cubic feet per day; EOG’s Osprey East in 2022; and bpTT’s Cassia C and Matapal projects in 2022 will add incremental production increases.

[Proselenes]

Lazy reporting.............Paul has just said in the Webinar, Coho soon and Chinook and Cascauda in Q4.............. Thats from the horses mouth..................

[smxmcx2]

I hate to say it but we have seen nothing but delays. Investors are getting tired of it. If they cannot get gas flowing, they will not have the capital to execute their plan unless they borrow or we experience further dilution. I am long with a large position and holding long-term. However, the facts are obvious.

[Chreca1]

Yes they are really good at delays this company there is no denial of this its more or less in their DNA. But as far as I know there is two wells planned for this year Royston and Steelhead and there is enough money for these and more as far as I know. I don't see any need for more dilutions.  

[Chreca1]

There's a red exclamation mark next to my thumbs up in the previous post I made, what's this ? Never seen that before, was it something I wrote ? LOL

[Chreca1]

Ok it's gone now, strange.

[leverage1971]

Two rebuts although not really disagreeing or defending management but... 1. This is still an investor space for speculators not value adders. Sure we have 4 successful wells validated by 2 testing regimens and 2 follow up drill programs. Don't forget this is a story not much more than a year old. Crazy what we now know 2. This will get me in trouble. This isn't Alberta oil and gas This is

[Davidblackgreen]

Actually owned oil in T&T or a shareholder in a company active there?

[leverage1971]

Apologies David owned a stock there that spent more time in court than on the drill pad.

[Davidblackgreen]

Was just wondering if you had any local geography knowledge there that's all.

[Margin321]

You are right it isn't Alberta but thee are two sides to that. In Alberta the natural gas wells are shale wells and have to be fracked, they drain a small area, and they decline very quickly, requiring a continuous drilling program to stay even. In Trinidad these are the fabled turbidite wells  (like offshore wells) where no fracking is needed, where a few wells will drain a very large

[smxmcx2]

I agree with your post as I have seen some O&G companies develop much slower than TXP. I also agree that Paul has done a tremendous job. Just tired of hearing of more delays, and in the same breath, that T&T has an interested in getting the pipelines built as fast as possible. Let's get things moving then.

[Davidblackgreen]

Sell now if you are worried then. Other people will happily buy your stock.

[smxmcx2]

I got crucified for the post below in January by the know-it-alls singing this tune now. Looks like you are a little behind. I own a lot of TXP and I want them to get things moving, but I refuse to look at everything through your rose- colored glasses.  smxmcx2 - (1/27/2021 10:18:11 AM) RE:RE:Coho and Cascadura both flow in qtr 3??? I hate to