Member Info for Proselenes

https://www.hartenergy.com/exclusives/alaskan-exploration-partner-pantheon-188716

Alaskan Exploration: A Partner for Pantheon

Analysis of recently completed geophysical work points to an estimated 1.8 Bbbl of oil in place at Pantheon’s Talitha project on Alaska’s North Slope. But in the midst of an oil price collapse, will anyone join them to dance?

Wed, 07/22/2020 - 04:30 AM

Unlike some oil and gas companies deciding whether to shut in wells as prices remain at historic lows, Pantheon Resources Plc is facing a different task: finding a partner to develop its Alaskan North Slope assets amid a global pandemic.

“It’s a difficult dance,” said Bob Rosenthal, chief technical director for Pantheon.

Travel restrictions have prevent.......................

FinnCap note on TXP just out.

PDF file download link below:

https://ufile.io/1yuwbk04

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Very interesting news all round.

https://www.investegate.co.uk/predator-o--38-g-hldgs--prd-/rns/offer-to-acquire-fram-exploration--trinidad--ltd-/202007220700076857T/

New opportunities in Trinidad and onshore Guyana.

ConocoPhillips now moved in next door to the Morocco license of PRD. Thats quite big news and a big tick in the box for the upcoming drill.

Details of the proposed acquisition of FRAM.

One wonders if the recent weakness was an expectation of dilution to fund the acquisition, but now it is clear that there would have been no dilution to fund it.

Good update all round. I like it.

Interview with Kevin the former T&T energy minister about the TXP discovery and the energy sector

https://www.youtube.com/watch?v=utu_q3uxpWA&feature=emb_logo

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Kevin is expecting more and more :)

https://newsday.co.tt/2020/07/20/touchstone-estimates-381-billion-cubic-feet-gas-find-in-ortoires-cascadura-field/

.......Commenting on the find, former Energy Minister Kevin Ramnarine said Touchstone's Cascadura discovery makes it the largest discovery on land since the 2002 Carapal Ridge discovery (in South Trinidad) and with further drilling in Cascadura, it is likely that more natural gas will be discovered.

"In my opinion what is happening in Ortoire is historic but it can only have happened if the Ministry of Energy awarded acreage. The Ortoire block was awarded to Touchstone in October 2014. The fact that the Ministry of Energy has not awarded acreage for the last five years is therefore disappointing.

"Touchstone needs to be congratulated for taking these risks to discover these new reserves. It confirms an eastward extension of the Herrera sands in Penal/Barrackpore. I think there will be more natural gas discoveries in this area, which is close to Poole Poole Valley and Rio Claro."...........

http://hydracapital.ca/hydra-blog.html

Touchstone's Free Cash Flow Engine: Cascadura Reserves Report Delivers
7/20/2020
By: Malcolm Shaw

It's Christmas in July today as Touchstone Exploration reported its maiden Cascadura res...........

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Updated events summary :

So in summary :

DONE ON TIME - Cascadura pressure recorder readings maybe next week or second week of June. These will inform on the MINIMUM pool size of Cascadura as well as likely production flow rate. (JUNE 2020)

DONE ON TIME - Cascadura reserve report should be released around middle of July with P10/50/90 figures. This is the big one as it tells us how big Cascudura might be but that could all be upgraded again with Cascadura Deep results later in 2020......... (MID JULY 2020)

Chinook well spud. Top drive added to the rig for better drilling performance. (AUGUST 2020)

NGC deal done on gas pricing for TXP gas production (JULY/AUGUST)

Chinook well result. (SEPTEMBER 2020)

Chinook testing if successful (SEPTEMBER 2020)

Cascadura Deep well spudding (OCTOBER 2020)

Coho production on line from October 2020 (OCTOBER 2020)

Cascadura Deep result and testing if successful (NOVEMBER 2020)

Cascadura production (potential 2 wells) on line (APRIL 2021) (MAY if Chinook as well) (JUNE/JULY is Cascadura Deep well as well)

Chinook production on line if successful(MAY 2021)

Cascadura Deep well on production on line if successful (JUNE/JULY)

Royston well planning now to be drilled in Q1 2021. (Q1 2021)

A lot happening, and an absolute wall of cash coming in from mid 2021, an absolute monster cash machine with Coho/Cascadura and potentially Chinook and 2nd Casca well.

Wow.

I was expecting for now around 200 BCF best estimate. They have double that and as always with big fields.......they get bigger with more drilling, so that high estimate could end up at a TCF with more appraisal work in future.

Nice to see, obviously all resolved. Exxon have a newer granted license than ECO and so any politics would affect Exxon (not ECO as older license granted).

https://finance.yahoo.com/news/exxon-restarts-drilling-offshore-hotspot-221908137.html

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If anyone is interested, this was an excellent write up on EQT done by Arden a few weeks back.

PDF file in the link below.

https://ufile.io/n3v21w28

Very detailed and over 2p target price as of then.

Pansana Rare Earths listed today, some news coverage, highlights the massive demand coming for the magnet rare earths of Rainbow Rare Earths as well :)

https://twitter.com/i/status/1280512728453591052

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60p mid price close there in Canada.

Was expecting this week to be a buying week, as everyone knows from mid-July (so potentially next week) there will be the reserves news.

Expectations on Casca for that reserves report, have to be looking at around 200 to 250 BCF for now - with lots of upside scope as its currently "unbounded" so will only get bigger and bigger with more drilling and more geo work.

Rockrose (RRE) snapped up for a significant premium just announced. Viaro Energy buying them out.

Wonder if Gil suddenly talking about the heavy oil is because someone is sniffing around ECO and might see it as ideal to make a cheap takeover offer while the share price is depressed and at crazy low prices.

It is Jayquethedog. Before it was high risk exploration. Now they have both Coho and Cascadura discoveries and coming on line this year and next, the risk is gone. The current share price is backed up by Coho and Cascadura. So now, its basically risk free holding the stock, but exposed to considerable upside from future drills. So investors will now feel safe buying the cashflow forecasts while having that exposure to significant upside risk free. My end of year target is between 100p to 150p depending on success with the drill bit. 50p is already bolted on with current discoveries.

Bruce Campbell - President & Portfolio Manager at Stone Castle Investment Management Inc has TXP as his second top pick today.

First time he has commented on Touchstone.

https://www.bnnbloomberg.ca/video/bruce-campbell-s-top-picks~1987843

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Nice mention for PRD and their "non fracked" LNG proposal.

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/063020-feature-new-irish-government-policy-pledges-deal-significant-blow-to-gas

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https://oilprice.com/Energy/Crude-Oil/Supermajors-Are-Flocking-To-This-Booming-Oil-Frontier.html

Supermajors Are Flocking To This Booming Oil Frontier

............Eco Atlantic (LON:ECO), which is also partnering with French giant Total and Irish mid-cap Tullow oil in Guyana’s Orinduik license offshore, owns four licenses offshore Namibia, including a majority stake in the Cooper Block. ECO has a drill target ready at the Osprey Prospect, and is looking for another partner right now, with three more years on its license. .....................

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All good and some new upside potential found.

https://www.investegate.co.uk/predator-o--38-g-hldgs--prd-/rns/morocco---operations-update/202006300700034208R/

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capitalidea, if you cannot open the link try a different device (personal computer or mobile) or try a different browser.

The site is legit, however as its a sharing site some systems will not allow access to it.

https://ufile.io/idntcmie

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For any newbies attracted by the Shares Mag article, link below to download the Finncap note on TXP.

https://ufile.io/idntcmie

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