Touchstone Exploration Inc T.TXP

Why has TXP gone up ~30% since early June?

[Buzzomatic]

I can't really follow along these comments, and news releases don't point out anything obvious. Is it in anticipation of the latest well results being news released?

[Kadiddelhopper]

in one word Cascadura  ...the well should be coming on line in the next few days, and there is much anticipation while awaiting first gas

[Buzzomatic]

Ok, people are assuming it will be better than expected? Or investors finally creaming themselves over cashflow?  "The average flowback rate during the extended 24-hour test period was approximately 4,262 boe/d, including 22.9 MMcf/d of natural gas and 449 bbls/d of NGLs." Seems ok, this well probably cost like $20-30MM you can get wells like that easily onshore in North America

[Taffypalmer2014]

The 2 wells are going to do about 10,000 BOED and the wells cost about $6MM.  Dont know where u get this 20 - 30MM for an onshore well. Maybe get your facts straight.