The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The Cascadura Deep-1 well is the best well we have drilled on the Ortoire property to date and it has provided three key pieces of information, primarily that the Cascadura field has numerous targets with each one of the thrust sheets providing its own unique opportunity. It has also shown that the system is hydrocarbon charged and that in time we will require more drilling horsepower to evaluate the deeper zones. We now have a unique opportunity to design a development drilling program in the area and expand our exploration program while we complete and tie-in the existing Cascadura and Chinook wells.
Talking the same now on bbc1
Great result for DMTR.
Contracts with five new major customers for ICSYNTH. These new customers including some of the world's leading multi-national pharmaceutical, agrisciences, biotech and contract research organisations (CROs).
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!!!