Touchstone Exploration Inc T.TXP

Cascadura - First gas

[Proselenes]

Cascadura-A first gas is now in the system and the system is in the process of final commissioining and being ramped up to initial "production" volumes.

The wells will be gradually ramped up over time to their expected 60 per day (30 each).  

I do not know what TXP will class as "initial production" it might be 20 or 30 per day (10 to 15 from each).......but when they reach this initial low target they will RNS about "initial production volumes online" it seems. No news before then.

Do not expect any news until they reach their initial low target.  Then over time operational updates will state how much they have then reached.  The well bores need to clean up slowely at first to get the best production rates and so the taps will slowely be opened up over months...not weeks.

EG initial news Cascadura online at say 20 per day for initial production.
Later a month/months - Cascaura is now at 40 per day
Later -  Cascadura is now at 60 per day.

There is hope that clean up will allow each well to do 50 per day, which is the "best case situation" and 4 wells - 2 existing at Casca A and then 2 new at Casca-C can give 200 per day by Q3 2024.

So might be news this week or next, the key takeaway would be inspections are over, sign off is done and now its all systms go, albeit slow slow at first.

This should mean we can get the first of 2 new wells, Cascadura-C1, spudded in late September hopefully and not slip into October.

So keep those FATC !!

[camille22]

Pro you are great thanks for the head up appreciated