Member Info for rossannan

Supersport

“Wtf are you going on about ffs hahah mate seriously”

TXP have completed 7 wells in Ortoire and 4 of those have been sidetracked. The associated uplift in the original cost of those 4 sidetracked wells really matters when you see rampers like Johnoxxx going on about how often (he says) a well like Cascadura-1ST1 has already paid for itself. What was the total cost of Cascadura-1ST1 at the end of the day? If you don’t have that figure you can’t say how many times it has paid for itself. And if you don’t know how much these more often than not sidetracks are costing TXP, it is hard to assess the viability of its Ortoire business plan.

Hardolestation - as I said, I am familiar with the MDAs. The only reference in them to the uplift in costs associated with a sidetrack relates to the drilling of Royston-1X in Q1 2023, but that uplift is included in a global capital expenditure figure of $9M for that quarter and is therefore unascertainable. So when you said “Ross i have the figures” and “I said i had the data from the MDA” you were just making stuff up. Shame on you.

Yes, and I did not see any sidetrack uplift data. I think you are just making stuff up - prove me wrong and cut and paste the figures here.

Stas20 - Blackmail?

https://youtu.be/Dkk9gvTmCXY?feature=shared

I am just trying to get this right. I don’t need to be popular. Hardolestation says I am wrong about the sidetrack uplifts and that he can prove it (“Ross i have the figures lol”) (“I said i had the data from the MDA).

I have looked for any such figures/data and now just don’t believe him. This is his chance to prove me wrong and make me go away. If he doesn’t take it, folk can draw their own conclusions.

Supersport - risk/reward is certainly a safer way to look at it. If 4ST1 or 5 is another 1ST1, you will be in the money. If you get a couple more 3ST1s, that will be a real problem. I don’t like the trajectory here, but the randomness of the geology can cut both ways.

Stas20 - if Hardolestation, who says he has the figures to prove my (at least) 50% wrong actually deigns to share them on here this weekend and it turns out that I am wrong by more than 5%, I will never post on this BB again. Sounds like a good deal? Over to you, Hardolestation.

Ayecuramba - there is no conclusion because the local rampers have the figures to prove my posited 50% (at least) cost uplift for sidetracks wrong (they tell me), but they refuse to share them. So either the figures inconveniently prove me right or they never had them in the first place.

And every time they try to turn the focus onto the Central Block, it just becomes clearer that they know that TXP has largely failed in Ortoire.

Hardolestation - “Cas wells have been great compared to gas wells elsewhere”. Really? Talk us through 3ST1, where the gas has disappeared and the oil is down to a trickle. Cas wells have been a mixed bag. PB can chunter on about having learned lessons and cracked the code, but he has very little credibility these days. That April production figure was appalling.

Supersport - if the $10M is not there, no replacement $10M is going to be available without a painful haircut. But at the moment we are in the dark.

Agreed - they need another 1ST1. Their average Ortoire result is not great although their average Cascadura result is better, thanks in the main to 1ST1 (although that April 2025 production figure suggests its decline remains steep). 3ST1 has been a shocker.

Ayecuramba - no, this is what the AI told me:

“Touchstone Exploration has been facing some financial challenges, including a significant EBIT loss and reliance on debt. While they recently amended a loan agreement, they also experienced a decrease in production and revenue in the first quarter of 2025. The company is actively seeking to increase its debt capacity and is focused on maximizing value from its assets.

Here's a more detailed breakdown:

Debt and Financial Performance:

Touchstone has $33.5 million in outstanding debt across its facilities. They also reported an EBIT loss of US$14 million.

Loan Agreement:

The company recently amended its loan agreement, indicating a need to manage its debt obligations.

Revenue and Production:

In the first quarter of 2025, Touchstone saw a decrease in both production and revenue, with petroleum and natural gas sales totaling $11.11 million, an 18% reduction from the previous quarter.

Future Outlook:

Touchstone's preliminary 2025 budget was contingent on increasing its debt capacity. The company is focused on financial discipline and maximizing value from its assets, including the Cascadura field. They are also pursuing the previously announced acquisition of Shell Trinidad Central Block Limited.”

“If we need funds we raise again, probably at a lot higher SP”

Not how it works.

“The Cascadura-3ST1 well test results are exceptionally promising,

as they unlock a new oil and natural gas play on the eastern side of Fault C, extending into the recently

acquired Rio Claro block.” Paul Baay

G_G_G - just don’t have the info. Could be a nothing burger or could be a major setback. I’d rather wait for the RNS.

Indeed. On AIM, FUD is sound money.

So you’re not in any TXP Discord or Telegram group?

“Who's the discord rampers? I said i had the data from the MDA. The reason im not telling you is it’s not my job to help you, you're lazy but something tells me you havent even tryed to look.”

What a strange question. You are one of them - you just said: “See if you had'nt of been on here lying and having an agenda id add you on discord or tg and send you all the relevant documents.”

This is not a popularity contest. I am sure it is cosy in the TXP rampers’ nest on Discord, but ultimately you are just helping each other lose money. That is not what friends do.

Haddy68 - but that’s the answer to a different (although admittedly more serious) question.

Stas20 - my preferred conclusion is the actual percentage, whether it is 20% or 80%. The Discord rampers tell me that they have the data so it beats me why they won’t share the actual percentage on here and draw a line under this.