Touchstone Exploration Inc T.TXP

Margin123: I am not expecting a detailed longterm

[drunk@noon]

plan, but they should provide a lot more specifics. The netbacks for light oil are mind-blowing. They shouted about it being a hudge pool. IF so when is the next well, what kind, vertical, or horizontal. What kind of production rate? What about decline rate?  What is the cost. When can we expect production. How many planned for this year. Hundreds of millions of barrels in place WITH WHAT THEY CLAIM IS HIGH PRESSURE.
The stuff is going for $140 cdn a barrel, and it's all incremtal value to casandra's 100 mmcf.

[Binkie]

Several months back, Paul claimed Royston was a monster but he couldn't reveal specifics as it was internal estimate, but he was fully expectant that the reserve report would support the thesis. Well, that's not what the auditor claimed, the reserve report was underwhelming. Could  it be much greater than reported? I think it's likely and drilling will prove the point. But that

[Margin321]

they need more information to make such a plan - they have two more exploration wells to be drilled in coming months. Then they have to submit a field development plan which has many aspects.  The good thing is they will get some production from Royston Deep and Kraken (if completed as a intermediate/subthrust Royston well) as this process moves along.  XM knows the geology better than