Post by
Taffypalmer2014 on May 25, 2021 3:17pm
Malcys Comments from the UK board
“Touchstone Exploration
The company provides an operational update, highlighted by the recovery of pressure gauges from the Cascadura Deep-1 well on the Company’s Ortoire onshore exploration block in Trinidad. The results from the test were ‘solid’ and confirmed that the formation was damaged whilst drilling but still gave up 23 mmcf/d of flow back.
This seems to me to be very positive as it should increase on production and the damage should be minimised over time, it is a significant sized reservoir that sure, will take a bunch of wells to fully evaluate, in the meantime there is much more pay to analyse and this is already a properly big find. The Touchstone share price should be massively above here and when the market ‘gets it’ an upwards adjustment will be made.”
I couldn't agree more massive reserves not appreciated by the market.
Patience my friends
Comment by
Utkant123 on May 25, 2021 3:34pm
The market being the uneducated chickens selling their shares for pennies rather than dollars because they do not know the industry and how things relate. Once the last fool is out we get the run up and they will sit their only with memories of what they once owned! Looking forward to getting rid of paper hands and having real investors onboard!