Member Info for shellguy

- Seismic done.
- Royston to spud hopefully next week.
- Chinook-1 on pressure test for 2-3 more weeks.
- New rig on the way for 4 legacy drills in H2.
- Coho deal in final stages.

Seems like most things are moving forward again! Waiting for some updates on Cascadura now.

The ship has left the port with ETA T&T August 3rd.

https://www.marinetraffic.com/no/ais/home/shipid:5888537/zoom:10

100% on our legacy oil.
80% on Ortoire.

https://www.touchstoneexploration.com/operations/

Go to XM’s FB page.

I think PB said in the last interview that they would present a clear timeline for the development of Cascadura once the EIA is received for the whole field.

tc - its between 9500 - 11.000 feet.
Se this presentation page 7.

https://www.touchstoneexploration.com/wp-content/uploads/2021/04/April-2021-Corporate-Presentation-Final.pdf

"Not counting Casc Deep or Chinook - now one of the wells has come in good and the other a duster."

Chinook is far far away from a duster LuckCounts.. Got light oil in all tested zones. Needs a couple of wells updip and the oil will flow. Chinook may prove very important giving lots of knowledge, and it may end up to be a major oil discovery in the end. Patience is key.

They probably just need to drill a couple of wells 1000 ft updip and the oil will flow.

David do you really think the O&G business take Easter vacation? I can assure you they dont. Its not a Bank Holiday in Canada on monday. Prob not in T&T either.

So there is still 3 zones to be testet for gas at Cas Deep?
The two from earlier Cas ST1 and one new untested zone?

“With respect to onshore production, efforts also need to be focused on increasing production on land, because it is onshore production that creates greater levels of employment when compared to offshore production, and generates a product with a higher local value-added,” said the Prime Minister at the ceremony at Heritage Petroleum’s Port of Spain office.

I think TXP will contribute a lot to onshore production the next 20 years!

https://www.guardian.co.tt/business/prime-minister-calls-for-more-exploration-6.2.1306089.91530b5a0e

Of course it will be piped in the end if the flow is high, Im just saying if Chinook have both commercial oil and gas, we can truck the oil asap to get instant CF while we wait a year for the pipeline to be built. Are they trucking or using pipeline on the legacy fields btw?

I was just thinking since Chinook #1 will most likely be producing gas if both the gas and oil test are successful. The oil development wells will, as others more knowledgeable than me has stated, most likely be at another location. The oil pipeline down to Catshill had only 6-8k capacity, and Cascadura wells will likely fill that up.

If there is commercial oil at Chinook can they get instant CF by trucking it out right away while we wait for the gas pipeline to be built for the gas zone?

David I dont think that Royston is dependent on the seismic.. Royston scheduled for end of April/beginning of May.

They had a share purchase plan earlier letting them buy shares in the start of every month. This plan stopped February last year for some reason. Hopefully they start to buy every month again now. The buys now have approximately the same value as before. Good news.

Perhaps some of the Ortoire gas will go here.

https://www.guardian.co.tt/business/ngc-signs-deal-to-construct-gas--pipeline-for-new-industrial-estate-6.2.1293089.69b0c393ab

A member on a Norwegian BB who have had some good updates recently says they are in blackout period now. Same guy who was first out with the Steelhead prospect. So you wont get any news from asking the IR. They could confirm that testing was started and that the work with Coho pipe was on schedule.

We should trust the note from 8th of February saying that Primera Oil & Gas Ltd would start the work this monday. I see no need to RNS the commencement of works regarding the pipeline. They have already stated that it would start this week. We will probably get an RNS when the first gas is flowing.

Testing should also be well underway now. Results in a couple of weeks maybe?

Two new zones and a 20% increase in already tested zones from Cascadura #1.

· An aggregate 1,007 net feet of natural gas pay was identified in the overthrust sheets, an increase of approximately 20 percent compared to the Cascadura-1ST1 discovery.

· Additional natural gas pay of approximately 308 net feet was encountered in two previously untested Herrera thrust sheets below the sands observed in the Cascadura-1ST1 well.

From XM on Twitter abour Royston!

https://www.instagram.com/p/CLErUGeBcsl/?utm_source=ig_web_copy_link