Touchstone Exploration Inc T.TXP

Needless to say, the added perf won't do squat for the

[drunk@noon]

underforming lower level well. You know that. Then their will be some other excuse as to why it's severly underperforming. These are suppose to be hudge high pressure fields capable of supporting a several wells. And well number one in this zone is a dissapointment. Just like Coho, which was suppose to do, what? Three, four times what it's producing. Thus the major risk here, and it is very real,--and it is the reason the stock is sitting at 70 cents====is what are the actaul reserves for casandra? Four or five wells was suppose to give us 200mmcf---along with, of course,5000 bopd of high value liguids. Needless to say, their fantasy as far as liquid to gas ratio, has dwindled, just like the rest of their story.
So here we sit, if we are lucky, two more wells, 4 in total for casandra will give us 90mmcf and piddly liguids. That is less than 40% of the value stream if one takes into  account the high value of liguids, which of course bring in 4-5 times more cashflow per boe.

[Taffypalmer2014]

Cascadura not Casandra

[matt2018]

What ever happened with the "advanced discussions" with current lender to raise the credit facility? That was announced back on Dec 19. Were they able to secure this extra $14M ? Anybody on the recent call that can confirm this or was it even mentioned? Perhaps time for a strategic review.  

[filefish]

Ref: Bank loan. I beleive PB said they were working to get this done by the end of 1Q, maybe sooner. He did mention that they are able to fund their operations from current cash flow. On these Q&A sessions, Paul seems to be gunshy of making commitments or promisses when answering questions as things do not move  quickly or  predictably in Trinidad. 

[Margin321]

The Cascadura Deep well has skin damage that they hoped would clean up on its own. Now they are trying soemthing else. Nothing wrong with reservoir. This has been discussed on this thread 100 times since the well was drilled.