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Bullboard - Stock Discussion Forum Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the... see more

TSX:TXP - Post Discussion

Touchstone Exploration Inc > might have no results for days yet
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Post by 1Dreamwrecker on Dec 17, 2021 10:54am

might have no results for days yet

baay screwed up the 2nd test by perfing the entire column meaning they have no clue where the water is from or if it can be mitigated.  I would never have perfed 200+ feet. at once  you should do it in stages moving up the column but baay is not an engineer nor an operations guy, he is a simple land man  and a very poor ceo.  now they might see their mistake and perf the upper zone in stages.  this would take more time to accomplish.  then again baay is thick in the head and muight not even know what to do..lol  if they do it right this time, it woukd take a few extra days,  They might even have brought in a large tank so they could flow the well longer and produce more water into storage, maybe see if they can flow more than 70 barrels in an hour...lol   but not cone it this time?  lol

yep you are down to one test and the shares are not responding well.  one last test and finally the end of txp exploration program.  finally they will try to sell some gas.  I got to say, while baay ain;t the sharpest tool in the shed. people here are so ill informed I got to wonder why they invest in txp. you should invest in something you know, none of you know squat about the oil bizz.  I would have thought a previous ceo of and oil co like prlenses would know something, anything, now I am suspicious of his big talk about being a ceo...lol

coning huh?  now that poster was smart as a bag of rocks...lol oh and margin said no water  at all with the oil, he did not even know when they said liquids they meant water and  bit of oil..lol  lots and lots of water...someone tell margin water is a liquid, he has me on iggy...lol so the big talker runs away and pretends to ignore me cuzz I told him that liquids includes water.. figured even a tool would know water is a liquid, no?

whahaaaaaaaaaaaahhaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Comment by Margin321 on Dec 17, 2021 11:42am
Boardwrecker - why did you go away twice before?  How can we replay that? Bought more today. Oil is oil. Water is water. Limit your response to explaining this paragraph about the findings in the  intermediate sheet. "The first and deepest Royston-1 completion and exploration test was designed to evaluate an interval at the bottom of the well in the intermediate sheet of the ...more  
Comment by 1Dreamwrecker on Dec 17, 2021 12:17pm
come on...lol first, you said I was on ignore..whwhaaaaaaa  not second, you see the term barrels per day?  not bopd, as in barrels of OIL per day?  the diff means the one you quote is simply barrels per day that includes water. silly tool. you know so little huh?  thaty is why you cannot put me on iggy, you need me to inform and eduicate you, as hard as it is to get thro ...more  
Comment by Margin321 on Dec 17, 2021 12:49pm
we are getting closer to a mutual understanding of the Royston  intermediate sheet results It is oil - 94% oil cut does not turn oil into water -  bpd doe not turn into bwpd unless there is water.  Where are you finding this water in the intermediate sheet. How can you say the entire reservoir is water throughout? They only tested 30 feet of the lowest interval which had 270 feet ...more  
Comment by 1Dreamwrecker on Dec 17, 2021 12:51pm
hey there, I was discussing the second test.  I was talkin about the second test.  Obviously when I mentioned at 200+ foot of steel they blew holes in.  the first test of a different thing altogether.  
Comment by Margin321 on Dec 17, 2021 4:24pm
okay, I was pretty clear I was talking about the intermediate test which flowed at rates up to 500 bopd after perf and at 360 bopd after the pressure test and had to be shut down with heavy mud to do the lower part of the overthrust zone. I agree they shouldn't have tested that whole overthrust interval at once, in case of OW interface. But the intermediate  zone wasn't 10 barrels ...more  
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