Touchstone Exploration Inc T.TXP

Xavier Moonan Presented today (not Friday)

[Margin321]

Live Conference (virtual company tour for YPTT chapter of AAPG ) this afternoon. It is already up on FB so you can listen to it.

https://m.facebook.com/AAPGYPTT/

Really nice overview. Comments about company formation, attitudes, culture. Places Coho and especially Cascadura discoveries in context. Also talks about Chinook just a little - they have lots of data from cuttings, logs, and other analysis and will be presenting some of this at September AAPG Caribbean 2021 Technical Conference. Talked a lot about seismic and how it was done and what they hope to learn - did not show any data. Talked about Royston and need to drill the well to know the results - but also said that “sky is limit after we score big on another big discovery”. Number of questions. Talks about need to share data and how it took them 3 1/2 years to get the data they needed to proceed with Ortoire discovery. Made it clear the it is healthy culture and he loves working for TXP. It was aimed at young professionals and not investors. Made me glad to be investor on this company. I remain a big Xavier Moonan fan. He is the real deal. Talks about communicating with people with past (even OLD) experience and how he values that. Likes to listen. Is passionate about company and his work. He talks about employees being valued by the management. Everyone contributes - a task at hand is more. than something you have to do - it is some thing that you want to do to help the company be successful.Big safety focus. Good teamwork. Highly skilled employees.Nimble and not hierarchical. Paul can take some credit for how things work - that is partly a CEO deal. Anyway I have said many times that TXP is my highest conviction stock in the small company high risk/high potential reward space.,Everytime I hear Xavier, that conviction increases.

[Kadiddelhopper]

 Really Good! Better than Wheel or Jeopardy !  Didn't understand the question about Treaty?   was it treaty?  Xavier chuckled and said something about lets talk about the drilling that is soon to begin... and that he didn't want to jinx it.  Other-wise, terrific insight into how  and what is involved getting a Company like Touchstone to where it is

[Margin321]

I did not understand that question from Samuel either. The auto transcriber heard it as" treaty" but it might have been another word.  Maybe "trading"? I did  not get what he was asking about, or why the chuckle from Xavier you mention, other that he didn't want to jump to assuming that a discovery well is already a proven thing.

[Margin321]

The seismic they just completed was 2D seismic.  Samuel just asked if they were going to jump straight to 3D seismic, which is helpful in field development. Xavier just chuckled and said, let's drill the well first. They do have some development wells pencilled in on their presentation slide, so it was a fair question. But generally they wouldn't do do much advanced  field

[Kadiddelhopper]

Thanks Margin for getting that clarification.  " Treaty " where I am located is a goose-bump word, hence the angst, but yes 3D ....alright!

[Margin321]

It seems funny that "3D" can come out as "treaty" on the automated transcription -  but then I stop and think how Siri translates some of my words.