Touchstone Exploration Inc T.TXP

Update is out.......

[Proselenes]

Two major headlines. Royston is ongoing and debt will be used.

https://www.londonstockexchange.com/news-article/TXP/second-quarter-2021-results-and-operational-update/15097240


Executed an amendment to our $20 million term loan facility agreement, extending the principal availability period from June 15, 2021 to December 31, 2021, thereby allowing us to access the outstanding $12.5 million available balance prior to the end of the year.

· Spudded our final Ortoire minimum exploration commitment well, Royston-1, on August 12, 2021.

[jake1444]

Chinook 350,000 cubic feet per day. Less than many predicted including me!

[Proselenes]

Big news is up to 12.5m$ of credit available to be drawn by year end. So they can now plan their 2022 cash flow in December and then borrow up to 12.5m$..........meaning no Prviate Placing is coming.......... Paul is sticking to his guns and using debt until both Coho and Cascadura are online. Thats big news........... :) And Royston-1 is now spudded and drilling ahead..........