Touchstone Exploration Inc T.TXP

Closing in

[Domus]

...on interesting news.

At Chinook the rig is preparing to test. Probably testresults from the Cruseformation next week.

Royston can be spudded next week, but probably the week after. The rig is the island's biggest and will need some 50-60 truck loads to be fully operational. This will need some days. 

If Coho and seismic also pops up shortly, will some shorters maybe throw their cards.

[Davidblackgreen]

A nice steady diet of modestly good news to "boil the shorters" without them noticing too early would do perfectly thank you.

[Margin321]

Good info but a couple of cautionary comments just triggered by the brutal downward slide. 1. At Chinookk they are preparing to test 20 feet of shallow Cruse formation. But is has taken longer to just prepare to test this little interval than in would take in the Montney (or the Permian basin) to drill a deep well with a mile long horizontal and hook it up to a pipeline extension.  And they

[Domus]

1. it is closer to 30 feet. And it is hard to blame Txp for weathercaused roadisssues. Both roads in to chinook took damage due to heavy rain/flood. And...some says the Cruse can surprise. Chinook is close to Cascadura do tying in should go fast as soon as Casca is online. 2. At Royston they will use the biggest rig on the island. That means much bigger chances of controlling the well. The past

[Margin321]

I am not blaming TXP for rain related issues on Chinook road. I am not even blaming them for EVERYTHING going so slow. But the shares had been on a 12 month rocket ride because they were executing and having good results on a series of wells and proving the turbidite sands model. You can't expect the rocket ride to continue unless they continue to make progress. They have just stalled out for