Member Info for John2727

Cascadura-4 and 5 are located roughly halfway between Cascadura-3 and Cascadura A. The full distance from CAS-3 to CAS-A is about 1.5 km, so CAS-4/5 sit approximately 750 metres from each.

TXP vs the Earth — Ground Zero to over 6000ft

Walking from Cas-3 to Cas-5, we crossed the new access bridge and got an up-close look at the incredible exposed upper geology where TXP had to literally cut through solid terrain to reach the drill pad.

It’s a stark reminder: before you hit pay, you hit rock and lots of it. These formations, tilted and compressed over millions of years, show just how complex the geology is before even getting below the surface.

Now imagine what it’s like over 6000ft down as Cas-5 drills deep into the zone. This isn’t just a technical challenge - it’s geological warfare, and TXP are in the thick of it.

The prize? If the structure holds up, Cas-5 could be a game changer.

Photos on Instagram

https://www.instagram.com/p/DLReDatihUy/?igsh=MWVrZXl5bmJqemZqYg==

Https://www.instagram.com/reel/DLPFmKDiBIV/?igsh=MXBha284NG85MGZlMQ==

Andy, not sure if you’re rage-posting or applying for a job at CoinDesk, but you’ve posted more about TXP since you “left” than most of us still holding.

Yeah, it’s been rough but it’s also a gas-weighted growth story with 2025 CapEx about to flip into cash flow. Is this is a busted flush or is it holding aces for Q3 and beyond. The next 4–6 weeks will tell us all first part of whats ahead.. but If they miss, I will turn out the lights with you.

Did you actually write that while sitting in your sticky pyjamas refreshing CoinMarketCap as the voice of truth? :) what a tool!

Hi Rossannan,

To clarify a few points:

You mentioned that Cas-4 and Cas-5 are not targeting the same formations as previous Cascadura wells and are instead chasing deeper, high-pressure zones. That’s not quite accurate based on both public disclosures and what was stated directly by Paul Baay during the recent field visit.

PB confirmed on-site that both Cas-4 and Cas-5 are targeting total depths of approximately 6,650 ft — the same depth window as earlier successful Cascadura wells. These wells are designed to replicate and extend production from known zones, primarily the Cruse formation, and potentially Herrera if encountered. There is no indication that TXP is chasing unknown or materially deeper formations in this drilling phase.

Also, regarding the private placement - Cas-4 was not the reason for it. The raise was driven by the need to fund the Central Block acquisition and associated development work. This is directly stated in the May 8, 2025 RNS:

“The net proceeds of the Placing will primarily be used to fund the acquisition of the Central Block, associated development costs, and to provide additional working capital.”

Cas-4 was already part of the previously announced 2024/25 drilling program and was covered by existing internal resources and credit facilities.

And finally while at Central Block, we observed that the four producing wells were delivering a combined 18.1 mmcf/d, with all gas currently being exported to LNG and none going to domestic off take.

Cheers.

Https://www.instagram.com/p/DK2ABfoiVQY/?igsh=MXg5NDR2Y3N3dDk3cA==

Just posted a video on my Instagram story standing right next to the well while the crew were tubing. Being just two feet from the hole and the mud mix bath was a real highlight.

As of 11:35am on 8 June, they were at 1,935 ft after 62.2 hours of drilling. With TD set for 6,650 ft, and allowing for slower progress as depth increases, we’re expecting them to hit total depth somewhere between the 15 June and 17 June. 🙏

Https://www.instagram.com/reel/DK1DRQQid6w/?igsh=MW5rejRiaGlmMGQyZA==

He said it in today’s interview but “in a perfect world” and I’m well aware that that will only me true if we get 4 wells in and hooked up by end of September

“So, you know, a week ago, we started the drilling at Cascadera, going to drill a couple of development wells at Cascadera. Then we’re immediately going to move down to the Central Block, drill a couple of development wells up there. In a perfect world, I’m hoping that we can move back up and even drill a couple more wells at Cascadera before the end of the year.”

Interview with Paul Baay, CEO of Touchstone Exploration, and here’s what you need to know:

Acquisition Complete – The long-awaited Central Block from Shell is now 100% in TXP hands. They paid $23M for an asset that would cost $60–$80M to rebuild today. Infrastructure + access to high-paying LNG markets = massive upside.

Yes, production dipped… but the team now understands the well curves better. Fast declines, but cash is returned in the first 3–4 months, then long flat tails for decades. We’re now entering that stable plateau phase.

Fully funded – With $30M debt + $20M equity raised, TXP is fully funded for aggressive drilling through 2025, with 6 wells targeted in the next 6 months (they’ve only done 6 in the last 2.5 years).

Exploration? Absolutely. 3 new blocks picked up last year, big upside at Supero, Rio Claro, and even deeper Cretaceous plays (think Exxon’s Guyana model). Paul says they want a 20/80 split on exploration/development in 2026.

Control of onshore gas infrastructure now sits with TXP. With demand strong on the island, Paul says every molecule will be sold, every minute of every day.

TXP might just be crossing from junior explorer into mid-tier producer territory — self-funded growth, production momentum, and government backing now firmly in place.

Massive respect to the TXP team for what they’ve built in one of the toughest operating environments.

The primary reason was linking the Instagram to discord and any posts generated would attract more buyers to TXP. Anything I post on instagram gets loaded to multiple accounts not currently following TXP. If we can attract one or two buys per post, then it helps all of us holders. That’s my thinking anyway.

Only because photos and Videos can’t be shared here. It’s just easer on Instagram and a lot of the TXP team have instagram accounts and sometimes post good content

Thanks Ayecuramba - appreciate the message.

We spent a solid 12 hours on the ground with Paul and his close team, and I have to say, the longer the day went on, the more open and relaxed the conversations became. There were no closed doors. We had full access to anywhere we wanted to go and spoke directly with everyone from field operators to execs without restriction.

There’s plenty more to share in the coming days, but seeing everything first-hand—especially the real challenges TXP faces working under strict environmental regulations, in rainforest terrain that can flood with feet of water, and under relentless 33°C heat in full PPE—only raised my respect for the entire crew.

For context, I sauna a few times a week at the same humidity… in just shorts… and I last about 25 minutes. These guys are out there for 12 hours shifts getting it done.

More to follow soon & appreciate everyone’s engagement.

Https://www.instagram.com/p/DKy0esaCw4e/?igsh=NnBpdmVudjlqOG00

Seeing it all firsthand - the vast acreage, the logistics, and the terrain gives you a whole new level of appreciation. Getting not just the rigs, but all the supporting equipment through roads that are barely wider than country lanes and falling apart in places is an incredible feat.

The amount of planning required with the T&T authorities just to move a rig is immense. And to even connect the pad to the plant, they had to clear acres of dense jungle. Each tree had to be tagged by forestry officials before removal - it’s that regulated. You’re dealing with a proper rainforest here.

We visited each of the CAS wells — CAS-1, CAS-2, CAS-Deep, CAS-3, and the upcoming CAS-4 and climbed the rig of 5 watching the rig crew place in the tubing down the hole. Walking the ground between them really drives home the scale of the operation and the complexity of managing a field of this size.

We also toured the Central Block site, including the new control room - a real hub for data, safety, and operational oversight. Watching how they monitor live pressures, flows, and system integrity in real time showed just how sophisticated things have become. It’s not just gas and pipes - it’s a full-on digital infrastructure behind the scenes.

We walked the 1.5km from CAS-3 to the Cascadura facility, crossing the bridge, and only then do you truly appreciate the scale of civil engineering involved just to spud a well.

But now, everything’s in place - roads, pads, bridges, control systems. And it’s time to get down to the dollars.

Day 2 in Trinidad 🇹🇹 – Into the Field

From early HSE training at South Park to boots on the ground at Central Block, all the Cas wells and COHO — it was all about seeing the operations first-hand.

Incredible to be out here with Paul Baay, Xavier Moonan, Brian Hollingshead, and the TXP team, learning what makes these wells tick and what’s coming next.

Updates from the field to follow on Discord

Https://www.instagram.com/p/DKt7-MYRc1K/?igsh=eWFsdXVnZjdxbjc3

Malcy:

“So what’s the plan now? Casca’s obviously got more to give — are you going again from that same surface location?”

Paul Baay:

“Yes, that’s exactly right. We’ve now surveyed out both Cas-4 and 5. Cas-4 is the first well to go down — the location is prepped and the rig will start moving this week. Cas-5 will follow directly after that. The idea is to keep that rig on site and continue stepping out, further defining the structure to the east and southeast.”

Here’s one: Cascadura-3.

If they get the pump sorted and stabilize production at 300 barrels of oil per day, it could generate ~$1.5M–$1.8M per quarter in revenue — from one well.

That’s enough to cover TXP’s entire quarterly loan repayments, including the Central Block financing. Let that sink in.

We’re all focused on Cas-4, Cas-5, and CB monetisation and rightly so. But don’t forget that even one well, running clean, is now a financial pillar.

It’s not hype. It’s maths.

Cas-3 pumping = loan repayments covered

Cas-4/5 success = cash flow scale

CB access = LNG uplift

From here, the climb back isn’t about hope. It’s about execution and a reminder that boring but bankable matters.