Member Info for McShooter

Over a month since the spud and now at the middle of the month, all aboard for the Choo Choo Chinook !

Quiet day on this board. Must be around 50% into the dig now. Trying to remain calm but …...

Briefly, as I commented on last week the news from Touchstone gets better and better and yesterday I was lucky enough to spend some time on the phone with TXP President and CEO, Paul Baay.

The value that I see in TXP is already stamped big time by the gas discoveries at Coho-1 and at Cascadura-1ST1 with significant liquids into the bargain and the fiscal advantage of gas in-country making it a double whammy.

The company has already spudded Chinook-1, another serious gas prospect with added prospects of also being liquids rich. The company, whilst being aware that 2 from 2 is a pretty good start in the Ortoire block remain very confident and have an extensive medium term drilling programme.

This includes up to 21 locations, they might include a second well at Chinook if successful, and a deeper well at Cascadura. The company is also considering hiring another rig for 2021 where it has exciting plans to drill two potential wells at Royston should opportunities permit.

Ortoire might have 1 TCF of gas and even if there is an inevitable disappointment with the drill bit, the gas and the associated liquids will make incoming funds flow very substantial indeed. Given that TXP has over 200 locations in both Ortoire and its existing conventional oil plays (currently being negotiated for permit extensions) the upside for the company is huge.

HUGE!!!

Estimate at about 30% complete if going to plan

20% into the drill about now, feeling the anticipation !!

Stay, I'm the exact same scenario !

or put another way, over 10% of the drill completed

All news is one day closer

DB scheme transfer values can vary by provider. Can vary from 20x expected AP up to around 45x (although some have seen more). In simple terms if retiring at 60 you’d have to live about 35 years to break even, ignoring any compounded increases in value

I’ve been buying into TXP since 13p, any thoughts over sp moves leading up to next drill results?

Anybody heard anything in terms of progress?

Strong finish today, back to 1.01

Think the dude missed the re out. To give ‘Creation’ of a monster, beast and much bigger sp

Wow !! No wonder we needed to wait for the reserves to be independently evaluated. Great result !

They won’t and can’t rush the expected news. Paul stated he only ‘hoped’ the news for the past week. No news is good news imho and will be as good as we all expect when it arrives. Patience

Surely we get an update tomorrow. Midweek ish

An SP rising will be the nature of The Beast. One day closer

Here goes

Locked and loaded, anticipation building

Theyvhave revamped the Exploration page on the #TXP website! This now includes much more detail and videos
Not reading anything into the timing of their tweet an hour ago