Touchstone Exploration Inc T.TXP

Hostile bid in Q1 2022 ?

[Proselenes]

WTI now at 80$ a barrel.  Wonder what the netback is for TXP now on their oil production ?

Absolutely perfect time to be drilling 4 additional producers in the South West, make the most.

If those 4 producers come out good, could be adding half a million dollars in netbacks per month from January.  Coho being on line year end, could mean a million dollars a month extra coming in in total - additional oil plus gas.

The world has an LNG shortage, Trinidad has a gas shortage also cutting down LNG produced.......and TXP has loads of gas.

If that circa 9 million share short is still present on the next update early November - then I am getting more than suspicious that a hostile bid will be coming in in Q1 2022 once Royston testing is complete and figures known.

[stanley]

Lurk & Learns & Proselenes: Proselenes: with an eye for possible future outcomes, sometimes we should not rule out the WCS (a hostile bid); vis a vis future (Royston testing results) outcomes. I finally took a peak at my Inbox after some time and get reminded of at least ONE reason not to be scared of a hostile bid. See ~ the 2:40 min mark. Reason #1 To NOT Be Afraid of a Hostile

[jake1444]

Thoughts on who might be a potential hostile bidder? I am not too concerned. Little early for something like that in my opinion. Trinidad has to approve any sale of assets so I just can't see it being Shell as they already have a lot of control of the reserves and infrastructure on/offshore.