Touchstone Exploration Inc T.TXP

Give your head a shake, mindless cheerleaders. If success

[drunk@noon]

of the Royston upper zones was a slam dunk, as many of your imply, the stock would be trading at over $3.30 not under $2.30. This a binary event, downside risk is very real. Sure hope for good news, but the chances of failure are real. Chinook is proof.

[Margin321]

Price action does not seem all that encouraging. But nothing to do about it but wait for the results. It would be the anti-climax of all time is Royston inconclusive or worse. Even if the intermediate zone with 360 bopd from crappy rock was the most exciting drill of Paul's 35 years, production from that zone is of uncertain volume and is years away. I can honestly say that a total bust in

[iwindaily780]

I understand the trepidation, but this price movement doesn't mirror what happened at Chinook at all - we started the Royston climb up with the prelim testing over a month ago, and got from about 1.40 CAD to 1.90+ CAD, and then we had a small slide until the next Royston release carried us to 2.50+ CAD... we have had a slow slide back down to ~2.30 CAD for 2+ weeks with no news, but that is

[Margin321]

iwindaily - I agree, though I cannot match your screen name in terms of my track record or likely my future performance either.

[smitlo]

Agree with everything you said. They now know what residual (non commercial) saturations look like on a log (Chinook). Also, from what I have learned here they apparently know what a productive log looks like on trend with Royston. Based on those observations, I am not expecting a poor result, yet we still have no flare (at least one that can be viewed via satellite). Any theories on what is going

[Valu4Retail]

Thank you to all posters on this page.  One of the past issues that received attention in the past was the poor well logging completed in early wells which limited their ability to draw conclusions about the reservoir and fluids at Coho.  This resulted in enhanced efforts for well logging in the Royston wells. Modern logging allows them to better predict both porosity and fluids or gas.&