Touchstone Exploration Inc T.TXP

Drilling........22/23/24

[Proselenes]

In the coming 3 years (22/23/24) the following should happen :

Coho-2 (Development) - Production via pipeline
Cascadura B1 and B2 (Development) - Production via pipeline
Cascadura C1 and C2 (Development) - Production via pipeline
Royston Deep-1 (Exploration/Appraisal and Development)- Production via EWT
Krakken-1 (Exploration/Appraisal and Development) - Production via EWT
Bass-1 (Exploration) Success case oil Production via EWT
Guabine-1 (Exploration) Success case oil Production via EWT
Chinook-2 (Exploration) Success case oil Production via EWT
12 new wells minimum on Legacy license areas
Pending Krakken results some Legacy wells may be deep exploration wells.
Royston East-1 (oil) (Exploration/Appraisal and Development) - Production via EWT
Royston NE-1 (gas) (Exploration/Appraisal)
Royston South-1 (oil)(Exploration/Appraisal and Development) - Production via EWT
Rosyton SW-1 (oil)(Exploration/Appraisal and Development) - Production via EWT
Royston SSW-1 (oil)(Exploration/Appraisal and Development) - Production via EWT
Cascadura B3 and B4 (Exploration and Development)- Production via pipeline
Cascadura C3 and C4 (Exploration and Development)- Production via pipeline


In the success case there will be further developement wells.

Krakken 2-3
Chinook 3-4-5-6-7-8
Bass 2-3
Steelhead 2-3
Guabine 2-3
Royston E-2-3
Royston N 2-3
Royston S 2-3
Royston SW 2-3
Royston SSW 2-3

This covers the period 2022 to 2024. All drilling fully funded by Legacy/Coho/Cascadura/Rosyton production.

2025 onward there will be :

Another 90 Legacy area development targets minimum
Another minimum 18 completely new exploration targets on Ortoire license area
Success case of those 18 potentially another 100+ development wells on Ortoire
Potential for Legacy area deep development and exploration targets
Other Cretacrous Leads following any Krakken success
New license drilling if any new licenses taken


Exploration and Appraisal and Development drilling for more and more reserves.
More exploration targets than probably 10 other average AIM companies combined.
More development drill targets than probably 10 other average AIM companies combined.
Will be throwing off so much cash by end 2023 that high dividends are likely.

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Can anyone name any other small company with SO MUCH upside and all fully funded drilling for that upside ?

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[Proselenes]

Something for the Left Field....... When you look at all that drilling in Ortoire and so much to do there, you do wonder......when Coho is online in May, which doubles TXP production, and with Cascadura EIA approved will TXP look at divesting of the Legacy oil fields ? With so much work to do, they could divest of some, or indeed, all of the Legacy oil fields. Production would remain the same

[Proselenes]

And I did also note that the new Corporate Presentation bascially says nothing about the Legacy oil fields....so........? https://www.touchstoneexploration.com/wp-content/uploads/2022/03/TXP-March-2022-Corporate-Presentation.pdf .

[Margin321]

March Corporate presentation doesn't say much about legacy blocks but they are shown on slides 4, 5, and 6 Again I would rather have TXP drill one deep test at Coora before deciding. I have followed their progress on those blocks (very little) since 2014.  Would hate to see them bail now and have someone else find deep Hererra pay.  Especially since they have the Coora drill pad all

[Margin321]

I hate to see hem exit the legacy fields without doing at least one deep test, the one they have planned at Coora. They hve really not tested the Hererra turbidite sands over on the legacy side. XM has wanted to do that for some time.