Touchstone Exploration Inc T.TXP

Undervalued 2

[Margin321]

So here it is. What is known and just has to be developed is worth 5-10 times the current market cap of 230 million. I see little risk to that. My current targets of $3-5 dollars by end 2021 and $5-10 by end of 2022 are more solid than ever, except they may have to move out by 6-12 months. The basis to support those targets has all already happened.

A discovery at Royston (like Cascadura but bigger) when fully developed is worth 5-10 times current market cap. And Royston is drilling now with results in a couple of months.

Positive up dip wells at Chinook (proving that it is indeed a "world class" discovery as initially announced) could be worth 2- 5 times (more or less?) current market. Even the gas from the shallow cruse night be worth a little bit

Future discoveries at Guabine and or Steelhead could each be worth one or several times current market cap.

A discovery at Kraken similar to off shore Guyana oil wells could be worth more than 10 times current market cap. I'm skeptical of this but would be delighted.

And there are multiple other Ortoire prospects that could keep 2 rigs working for 10 years.

Anyway this is my highest conviction stock in the high risk/ high reward special situations category. I am putting new money here. I am considering some careful harvesting of several other holdings rate to provide more funds for this one. But it still will be a small piece of a very diversified portfolio across asset class, sectors, foreign versus domestic, etc etc. I never let the value of this high risk speculative basket get over 5% of total portfolio. But I am allowed to move something to small cap growth basket if the story proves out and the company becomes more than a speculative "special situation". I could see that happening with TXP if they just develop what is right there in front of them.

[Nergy]

I share your view Margin, we’re currently priced for a 30MCAD placement that the shorters have Paul hooked up and committed to.

[Margin321]

I hope Paul is not hooked up or committed to a placement. He has been very clear for a year that he does not plan amy dilution.  Surely that 500,000 a month from Coho for last 16 months would have been helpful.  Once Cascadura 1-ST and Cascadura Deep are hooked up to dales, then he will take bank loans to drill the three Cascadura development wells. (with the Canadian rig). But