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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 engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. 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... see more

TSX:TXP - Post Discussion

Touchstone Exploration Inc > Cascadura (~$US 2.50 fixed price gas) in 30 days?
View:
Post by stanley on May 30, 2023 4:10pm

Cascadura (~$US 2.50 fixed price gas) in 30 days?

Lurk & Learns:

Broker 73 accounting for >100k of the selling of TXP today, we've seen them before. TXP PPS very resilient. i.e. The $0.02 "drop" today despite the foregoing sentence.

However, a scan of the results of the world price pull back might somehow put the foregoing sentence into perspective.

Bloomberg's Summary of Today's Oil Activity

Somehow the (alleged) "leak" of the T & T bid round will have to wait for a "gap" analysis wrt official results; especially where TXP's earlier swap had Touchstone's Ortoire Block & and contiguous (Rio Claro Block off-set) "plate" (or in Trini speak) like a leaf at an (East) Indian wedding, loaded with dhal, rice, curry chicken, punkin' boulders and buss up shut from the Chulha Queen. RSVP (again in Trini speak roti serving very plantiful)

BWDIK?  June starts on in two days, Thursday, with Cascadura (fixed price gas) in bharrat leaves in (maybe) 30 days. Ram Sita Ram!

GLTAL GLAP Caveat Emptor
Cheers to the patient shareowners
Stanley
Comment by EagleHasLanded on May 31, 2023 8:42am
From Paul in January, Paul confirmed my numbers: Thanks! That equates to 2,1375 dollars per mcf profit? It is $2.50 minus 12.5% royalty less $.05 operating costs Thanks Stanley for your posts, very interesting, however I am not investing just yet.
Comment by EagleHasLanded on May 31, 2023 8:43am
That was January 2022
Comment by stanley on Jun 01, 2023 7:20am
Lurk & Learns & EHL: Today's reminder for my Lurk & Learns of the plethora of discussions & analyses on this thread over the past couple of years wrt the implication(s) "details" of the fixed price contract as it pertains to the funds that are scheduled accrue to TXP starting in (to be generous) sometime in Q3/H2 2023. Meaning many others have characterise this  ...more