Touchstone Exploration Inc T.TXP

TXP Targets 15,000 bopd 2022

[Davidblackgreen]

Stated up front on one of the early slides.

So they are looking for a 900%+ increase in production in the next 17 months.

$1.50 will be a very nostalgic price by then.

[Margin321]

They have almost 15,000 BOPD sitting behind pipe ready to flow. 1500 baseline legacy 5000 bopd from Casca1ST 5000 bopd from casca Deep 2000 BOPD from Coho. That is all ready to go. No risk to it.  There is a lot of potential to add more. 15,000 bopd more from 3 cascadura development wells 1000 bopd from first Chinook well (from Cruse only). Then there is a lot to potentially add in

[Davidblackgreen]

Add Herrera at Coora to your list. A well there may be drilled as part of the warm up on the new drill and much of the infrastructure is already in place. It apparently could surprise. At the moment people are presuming a 100-200 bopd from the upper zones reads through to something modest to depth.   Apparently that logic doesn't hold at all. Maybe they find nothing? Or

[Margin321]

that is what I meant by "a possible deep discovery on legacy lands" but I had it coming on in 2023 and not 2022.  You may be right that a deeper discovery at Coora could be produced in 2022 if it gets drilled yet this year. But if is is a big gas discovery might take a little more work to get it on production since most of the legacy infrastructure (I think) is more about

[Proselenes]

They are targetting 5000 BOEPD from Royston by end 2022. This gives the 15,000 BOEPD end 2022. We should see 30,000 BOEPD by end of 2023 - with development drilling on Royston, Cascadura and Chinook.  Of course if Guabine or Steelhead or Krakken come in, then it might be 45,000 BOEPD by end of 2023........ :) :)