Member Info for Goodbody

At $3.5 US per 1000 cubic feet. Well!!!!! This is major. An average of 10MMFD over a year would be in excess of $10m US Per annum, and thats being ultra conservative!!! WOW. This well alone turns them finantially positive and sets up finance for more development in my view.

And that was just the GR7b. Will be interesting to know what they plan with GR7c zone later

Transformational flowrates wow, brilliant TXP, well done.

Testing results early to mid next week if all goes to plan.

https://m.youtube.com/watch?v=emAwFc-vT4E

Thats a very good point. 8:12 was the first trade; mad rush for the door aye!!!! By 9 there was still less traded volume than those big trades the day before but we were down 20%?? Go figure....

Completely manufactured drop. You could buy at the bid. Once someone did they dropped it. Then you could buy at the new bid seconds later. PB should ask for it to be looked at by his nominated broker.

Agree, given the price difference in oil between the two quarters 18-19, they. have done well, and once prices return to the 70s as last year they will be rolling in the profits. This was the toughest quarter and it’s these moments that drive in business efficiency. Nothing bad or of concern in this and the spring board is set! They will drill through the first pay zone at Cascadura this week or next. Look forward to the next few weeks and they seem confident both wells can deliver cash flows which is great.

Just a snippet but gives confidence

https://www.bloomberg.com/press-releases/2019-11-01/crown-capital-partners-announces-follow-on-investments-in-crown-partners-fund

“Touchstone and Triple Five are both performing well, and this additional
capital will further support their growth plans," said Chris Johnson,
President & CEO of Crown.

Good to see oil steady above $60. Potentially helps with funding Royston as PB mentioned. Financials released on Wednesday so will we get an drilling update before?

https://bit.ly/2WNxF2T

GMP put a target price of 25p on TXP.

https://*********************/research/gmp-firstenergy/gmp-firstenergy-uk-energy-morning-research-package-/2c507979-2dbc-4ac8-89c2-94c3c78f804c

https://*********************/companies/uk/oil-gas-e-ps/touchstone-exploration/research/gmp-firstenergy/flash-debt-funding-address-dilution-concerns-/cd467984-48f7-4913-aacb-9f3476914409

Well its allowed me to have a nice little top up over the past weeks and just now. I’ve now reached my target of 650,000 shares, so i’m in this for the long run...GLA.

PB also made an “off the cuff” comment about drilling a second well at CasCadura if Chinook wasn’t quite ready. So many options open to them.. very exciting

Clearly moving cash around for the various wells. They now have three going in parallel. I like the pipeline thought, definitely something that would need cash now to get started. Chinook bridge done and I would suspect the pad is under development too. So it isn’t going to be easy to guess their cash flows, but I trust PB is on it. Sends a great message to the MMs too; that they aren’t going to put txp over a barrel for cash.

They probably wanted a placing so they could get cheep shares with minimal effort. They are the only ones who loose out on this finance option. So as we see; toys thrown out of the pram. Someone shove a dummy in their chops....oh PB just did lol.

Great news on the finance. Shows how confident they must be. No placing necessary. News on both wells in the next couple if weeks plus the financial update means we have a lot to look forward too very soon.

Great stuff!!! They are motoring on...

https://mobile.twitter.com/TouchstoneExp/status/1189586333653536768

A #TXP welder putting the final touches on the bridge to cross the Poole river to the Chinook drilling location located in the #ortoire block of #Trinidad.

News could arrive any time now. Pb did say there would be a separate RNS for each well and they would be timely on getting them out.

They proposed that the Test rig would be on site 21st. Lower zone tested by 27th (so must be close to completing that now); then move to test the top section. About a week to test each pay zone so news likely first week Nov. Expecting CasCadura to be drilled by end of month then log and case. First week in Nov will be exciting for both wells.