Member Info for smasher

Insight into touchstone during covid.
https://thegstt.org/publications/file/166

Thanks for info.
Just goes to show that Cascadura is a world class asset worth a small fortune to both Trinidad and Touchstone let alone Coho and Royston. I absolutely believe Tpx is going to find more oil and gas in large Quantities on the Ortoire block and Royston is another huge find ready to be unveiled to the market once the St is done on the well and flow rates come out then the market will take that on-board as money generating straight away.
No matter what anyone says at this moment the share price is just a fantastic bargain for me to buy more and I am. Yes crap seeing it go down but never in my wildest dreams did I ever think I could get a crap load more at this price.
Right or wrong whats happened the opportunity has opened up and betting many many have grabbed some as it's just to much of a bargain not too . I've got 8 grand coming Tuesday which I will stick in here even if it shoots up by then.

If investors keep contacting the organisations individually you are going to really pi.. them off and that's a fact.
A couple here are in contact with them and that's fine and they can let us know if allowed to do so .
Think about it please as it could be doing more harm than good.

While it's good to have things out in the open there is the other side to this in that by contacting the said organisations it could have a detrimental effect on Txp.
Txp should keep quiet with any tittle-tattle as you don't bite the hands thats just about to feed you an absolute huge amount.
While this has certainly embarrassed some I'm also betting pis... off some as well.
It's a fine line that should not be crossed .
I've seen it many times with companies telling investors to not contact government authorities as it could affect negotiations.
Having a few contact OK but they could have hundreds contact which would have an obvious affect. How does anyone here think by contacting the organisation or MP and putting said information up could not harm all concerned in negotiations. And if not posting that information then why mention your contacting them in the first place.

Yet even with what's happened we are still producing oil and selling . Txp will still bring Coho and Cascadura online no matter what the delay is .
I look at other oil and gas companies on a far better share price than Txp yet produce zero oil or gas and could be years away from bringing it to market .
To say this share price drop is purely about delays is extremely hard to believe as its almost to the point the market is saying Cascadura is not going to happen because they are taking it down to not price it in.
Is the market saying it's better to find oil and gas but not to bring the find into production because that's what it looks like.
Txp should have raised money to carry on drilling many months ago as we would have had Royston up and running with the market knowing the Royston find is a fantastic find and making money straight away. With the great success they have had other Ortoire block I would of said great do it and push us forward. God we only needed a small raise to continue with drilling the 2 legacy wells and Royston st .

Hmm things just don't seem correct as Paul said they are working on Saturday to get it finished so why would he put himself in that position only 7 days go and that the government was aiming for the 30th. They would have been told about any problems so why would the government then say around that date if they knew of a problem?

What I don't understand is why has Shell done a design change to the tie in when everything was already fabricated and ready to go.
What has made then changed the design as it was built to accommodate 2 wells at Coho.
Serious Question is why when they must of approved the design and built it for the tie in at their complex.

2 new Legacy fields wells plus Coho plus Cascadura plus 2000 barrels of condensate from Cascadura and Royston side track up and running by Xmas I still say around £2 if they get them producing.
Purely because if they can do that then it's given the market a clear sign they can very much bring the Ortoire block assets online which will continue into 2023 with the infill wells at Cascadura and progress the Royston find which the market can't ignore as producing and it's a big find . And that's without anything else Txp could find during exploration drilling.

Will the Royston st be set up be different to what's already there . They had 550 bopd from a wrong set up ( gas) and had problems stopping the flow from that so they could go do second test. Would we get much better flow rates with a new set up for oil plus they haven't reached the bottom of that structure. Does it make a huge difference one set up to the other.

One of the biggest mistakes was not raising money while we waited for Coho and Cascadura because we would've had Royston st done and making money along with the 2 legacy wells. We didn't need to raise that much as the 2 legacy wells already done was 1 million each and the side track maybe 2/ 3 million.
The share will rebound for sure but will take a bit longer now . We have fantastic assets and I'm positive we will find more no the Ortoire block but we need Txp to plan much better than what is happening at present.
I think most investors agree that Paul has to go Trinidad and get Cascadura up and running on time and is the least he can do after what's happened with Coho. Get out to Trinidad and pull the company back on track Paul because we don't want anymore excuses.

What gets my back up is Txp put stuff out on twitter but Aim is built on news coming to market. Take the fact a huge part of the world class Cascadura facility is in America and about to be shipped to Trinidad which is fantastic news for shareholders yet f... all from the company to market . It's something positive for us all which then builds confidence and the market can see we have every chance of getting Cascadura up and running on time.
Some on twitter means jack sh.. to the market.

Very rarely do I give people my holding but if somebody wants to do a list on holdings then I have 97455 here.
Now let's have some bloody good news coming out of Txp for the rest of the year.

I would give him a chance because while Coho is very late you just can't lay the blame squarely at his feet. With Cascadura he has very little to fall back on like, it's been 20 plus years since onshore gas and of course Shell.

What I want from Paul is a commitment that he will be in Trinidad till Cascadura is in production and not thousands of miles away thinking he can sort things out over the phone.
There's no point in employing locals if they can't do the job and by the shambles of Coho it's there for all to see. Txp need highly experienced teams and not the teach locals and all is good attitude.
Get you act together Txp because your investors will not accept a other shambolic event like Coho and it would certainly point towards management not being good enough.

Well Paul has given some valid explanations and some not so for Coho. Something he will find hard with Cascadura especially if Ngc get the pipeline done in time. He stated the pipeline would be completed before they have.
Txp can't come out with an excuse like it's been over 20 years since the last gas was done onshore or waiting on Shell and Ngc.
And I don't want excuses about the bloody weather either. Just make sure with Cascadura you can prove to the market and investors Txp can hit it's target date .

And if not interested then why do Shell keep hold of their central block as it is small and the gas and oil production is small compared to what Casca will be producing and then you can put Coho wells on top and it's all on their doorstep .

They produce both oil and gas on some of the biggest projects in the world and will continue to do so for many many years yet.
The shell onshore block producers both oil and gas and they even drilled 2 wells if memory serves me right last year on the their block. Like I said if Shell deem it fit because it benefits them ( right next door to Coho and casca and basically anything else Txp find then they would buy it.
If not hey no problems as we will make excellent profits for many years. And if they sort out the taxes then even more profit.

On a different note how long do we think the Royston St would take to complete.

They will also be by far the biggest onshore producer in Trinidad and that's without Royston or anything else they find.
The Ortoire block has been fantastic so far on the first phase of drilling and if phase 2 is good then of course others will be looking at us .
What Txp needs to do this year is get Coho / Cascadura/ Royston up and running and concentrate on infills.

Personally I have always stated that I think Shell will come in and my feeling was after Royston/ kraken if it was a big gas discovery its literally right on their doorstep. Find anything like Cascadura again I believe they will take Txp out. Coho will have the infrastructure done and 2 wells and same with Cascadura which would adding more infill wells and it's onshore so very cheap for them to do anything else needed on the block. Txp is small fry to them but could be also important for there works overall in Trinidad.
Just my opinion but it does make sense.

Especially on extremely low volume and been like it for many weeks. Down 2.45% on 17 trades. Less than a hundred thousand shares traded today.