Touchstone Exploration Inc T.TXP

Activity list

[Domus]

I'll give it another try putting up an activitylist. Will probably turn up quite wrong as always due to the repeating delays, but anyway ....

15. May - pulling of pressure recorders. New data regarding the well's flow etc some weeks later.

20. May - spud Royston

15. June - Coho online

10. July - td Royston

July - conclusion Chinook (as of today on pressure build up)

august - test result Royston

Sept - Nov - 4 Legacy wells (one to 7000ft) with the new rig

Nov - Cascadura #1 and casca deep online



What will the Royston rig do post Royston?

That is quite difficult to predict, but I will guess that it will drill Steelhead if the Royston loggings are favourable or else it will drill the development wells at casca.

Until the company releases the capital budget for 21/22 we will not get the answer to what will be up next.

stay tuned

[Davidblackgreen]

Next presentation to LSE on the 25th of May. Maybe PB is expecting he will have something to say? But it fits in with your timeline Domus. We will see. 

[Proselenes]

Hi Domus, I feel there is going to be a massive push for Cascadura cashflow and that new exploration drilling will be pushed to H2 2022.  For those who are going to attend the LSE Webinar featuring TXP on 25th May I would base probing questions around the below. The way forward I see as we stand now is : Q2 Cascadura pressure readings released/reserves comments. Q3 Royston drilling result

[Proselenes]

I take Gaubine as being oil, as it makes sense for it suddenly to appear post Chinook. As Paul said, oil discovery at Chinook now "opens up" a new development to TXP, with oil as well as gas from Ortoire. The Cascadura liquid pipeline goes down through Chinook and through Gaubine to the Heritage Oil Pipeline. Therefore this is the "oil development" that TXP will be working

[Domus]

Thanks, pro. It fits pretty good with my timeline, and it marks the statement from Paul. - much more to come 

[jake1444]

Domus, I am curious to why the logging at Royston would have any effect on the drilling of Steelhead? My understanding is that Steelhead is completely separate from Royston.

[Domus]

It is separate, yes, but they have the same formations. That is why Paul expressed this "if" but from how Paul describes Royston, I guess that the seismic has showed what they hoped for. fingers crossed