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Maybe not a farm in but with their gas processing plant no where near full capacity they will certainly be wanting our gas. They may offer to build infrastructure to speed up the process for a deal on cheaper gas. You never know what might come about. The fact there is a gas plant which is screaming out for capacity is a winner whichever spin you put on it. I think PB has played down Oritore very conservatively. The COS at Royson could be a lot higher than we expect.
Shell farm in is nonsense. These are the type of silly rumours that spike a share price then severely damage it when it doesn't happen. We want a slow steady rise with healthy volumes is better for strength and trend. The current fundamentals are far too good to ignore alone. We don't need false hope building into the price. Value will come, just need patience. The mm's are currently doing a great job building the momentum. GLA
Kingivor, I was wondering yesterday if possibly bringing Royston forward in the programme is not just TXP’s thought but also at the request of Shell? There is huge spare capacity at the plant. If TXP can fill it then all parties will be very happy.
Fear of Missing Out now for any Majors after this drill
whole blocks being proved, extrapolation and inference
Western focused safe country Geopolitically, no Venezuelan or Gulf shenanigans
Perhaps PB getting some interest from Majors?
Shuffle the drill programme with Royston next up?
Shell farm in?
with such a stellar transformational result from the first, and smallest drill, already booked then I think it's fair to say that with the current momentum and sentiment... a hit at Coro / 2nd drill could well push us up very nicely indeed and expedite the re-rate.
TD and initial results due in 2-3 weeks... 95% COS (same as 1st drill)
Plus... we have the full test results from Coho (1st drill success) and given they had to restrict test flow due to not expecting such a big hit and testing equipment not being up to the scale of the job... we can perhaps expect some interesting full results there too to help momentum.
Trek
your bang on the money
risk tolerance is miniscule until the revenue is actually being booked it seems
double the boepd and no tax in one drill, geo model proved, multiple follow ons
time is now to load surely
Trek, I agree with you.
Investors do want hard facts.
I think once we have stabilized results over an extended period next month the SP has to re-rate.
We should have flow rates from Cascadura in January also so not that long to wait.
doubles production ... and with NO SPTax.
at the risk of repeating myself :)
Here is the latest from proactive, they have updated their deep dive but it’s a few days old.
https://www.proactiveinvestors.co.uk/companies/news/212816/touchstone-exploration-enters-new-era-following-results-from-coho-1-well-212816.html
Trek
“I think what we didn’t portray very well in our release was the fact that this well is likely to come onto production at that 12 million a day range. If you take a look at that, it basically means we’re going to double production from our existing production base when it comes on production at the end of the first half of next year.”
Not sure it would have made any difference, even by blowing the doors off with gas the response is pretty muted. It’s like the market wants to see it up and running. Investors on aim are quite rightly so sceptical now they want to see certainty before true value is attributed. The rest seems to be for traders.
This is where imo, the pi with some nous, patience and a view of more than 6 months could do very well averaging into a co like TXP. Problem is there aren’t many, at least not enough to move the dial on the sp.
Trek
That's a directors talk.
Last night was a proactive investors Q&A so not the right one.
Some sensur going on here.. Sorry for all the post, but it wont let me write the name of the post..
Try to put this in your search bar:
http://bit.ly/2qA7HnX
Sorry, that dosnt work either. Something happened to the link when I copied it in..
You have to change the stars for "*************". Then it works.
You have to copy the text and remove the ******* (stars).
The second link you posted....
I can't open the link Shell?
https://www.*************.net/ceo-qa-with-paul-baay-at-touchstone-exploration-lontxp/
Written Q&A from last night. Thanks to astonedt on ADVFN for posting.
https://www.share-talk.com/pre-market-share-talk-bulletin-board-heroes-friday-22nd-november-2019/
TXP to test 22.00 GBX if 16.00 breaks!
Interesting message posted on Advfn.
In T&T from the 1950's through to the decade before the LNG export terminal was built in 2000, natural gas discoveries were considered valueless and the wells plugged and abandoned, since there was not any way to commercially exploit the gas, due to the very low demand at the time from the islands small population and no means available to export gas. Consequently, all nat gas shows/discoveries while drilling on Ortoire in the 1950 and 60's were never explored further or tested because there was simply no market for nat gas - it was worthless. It did not help TXP that the T&T energy ministry had somehow managed to lose all the drilling logs/data for wells drilled on Ortoire during that era. By chance TXP management were able to locate an engineer, now long retired, who was directly involved in the drilling of many wells on Ortoire during the 1950/60's and he proved an extremely useful source of information, with respect to the drilling equipment/ technology and practices employed (stone age by current standards) and why the nat gas finds were simply abandoned without even testing.