Info I'm afraid is everything and the more you have the better judgement and understanding you have to make the call on the market. To throw hard earned money on scrapes of info into a company is absolutely crazy and more often than not come out down from it. I would expect that from someone that has just started the journey in investing in the market. You learn I'm afraid like most the hard way . Win or lose just smile and move on . That's what professionals do as you can't we them all. Hope you all do well with you investment here ATB.
Touchstone Exploration is doing it the right way both in the markets and trinidad . It's making a great name for itself and that will show even more next year. A Good investor wants to make money on the journey but also see he's investment help others achieve their goal.
Paul has mentioned a few times that they have shared data that's help both parties to have a much better understanding of the blocks. If structures cross into other blocks they would have to come to some arrangement between them for sure and if its that big then happy days for both parties. Royston does look absolutely huge with known gas effect of 700ft so a very exciting well to drill next year for all concerned. So much work to do on what we have at Casc and Chinnock with more drills and bringing them online plus Royston and new targets plus with 2 rigs on the go we will have a lot of news coming in. We will become the biggest onshore producer of gas in trinidad and will certainly outshine some offshore fields for sure. Casc alone will definitely match some of those fields in reserves but not sure of volume per day as not sure how many Wells into the structures. Casc and Chinnock is looking in my opinion to have between 1 and 2tcf combined a truly world class find onshore and Royston could add so much more to that. We have a few weeks till Chinnock testing results and a month or so later casc testing . In the meantime a multi billion dollar contract is going to be dropping in any day now which will be great for us and trinidad. I also like the fact we employ more locals around us bring much need work for them which helps the local community. Txp are very proud of this as are most investors and it will only get better as we go along . I would like Txp to help more as we grow and is something I would like Paul to talk about later this year and with the team helping in a new project once again. To see Paul get stuck in gave me a true understanding of what he and the company is all about.
This was one of the reasons I invested, to see a Ceo get his hands dirty is a rare thing nowadays and says a lot . Not only does he want the company to be hugely successful but also the local community. TXP seems to have got it spot on .
He's just confirmed what everyone on here knows about that this stock is so so undervalued . I'm hoping they bring Royston forward by a month or so if everything is in place to do so. It's a very exciting time for this company over the next 12 months.
Coho casc and Chinock plus Ngc multi billion contract must be worth well over £2 a share without the mighty Royston in the mix . We've had enough A lot of people in the market have told us now how excited they are about this company after 4 from 4 hits on our block so not so much under the radar I'm afraid. We know we have an amazing team running this company and are lucky to have them especially when you look around the aim market. If more money need then people will have to form an orderly queue and don't expect a big discount. When you start to outshine the off shore blocks you realise they've found something very special and very cheap to get to market. I've said a few times that let the big boys wait but you got to think after the results and Royston then they could step in with an offer. I know Paul said we are small but with every drill and success we are growing at an incredibly fast rate ,in fact far bigger than anyone could have expected . You can understand why the market knows this company is going to be a huge success.
The well was intended to further evaluate a secondary target of a repeated section of Gr7bc Herrera sands in a subthrust sheet from approximately 9,500 feet to a planned total depth of 10,600 feet. Which as Paul has said is a massive structure . This is what I think they alluded to about could be connected. If you look at the presentation we got the 2 thrust sheets a they intend but not the deep. Of course mate it's just what I think and could be wrong . It will all come out in the wash mate but hell its looking fantastic.
I think the best people you could ask is Txp themselves . They have extended their original find by 20% and 300ft more below in 2 thrust sheets yet the pressure was to great to continue safely again to casc deep structure. In the grand scheme of things not sure if it matters as going to drill it next year but casc and Chinock tests should give them a lot more info. Worth giving them a shout as they know so much more about this.
It's very hard to know what going to come out the ground at this point as I think I'm correct in say depends on what casings they will use as casc 1 clearly demonstrates was not good enough to sustain full flow. Cacs deep could potentially flow at far better rates than casc 1 and same goes for Royston. As Paul has clearly stated they have a tremendous amount to work out on these wells to make sure they get the best flow rates while maintaining well integrity. The bit in the interview the other day I found sums up just what has been found in Chinock and casc when Paul said they had almost forgotten about Coho due to these incredible wells they've found yet coho doubles Txp production in one foul swoop. What a ride we are going to have over the next year and I'm feeling very relaxed about it and in the Aim market that says a lot.
it's run by a great Ceo and team , upfront and honest and if it was to be sold he wouldn't do it on the cheap which I believe he has stated. Just a case of sit back and enjoy.
I agree photo but not just yet . Royston I believe is what they will be looking at even more now and if reserves are as big as we believe then I think an offer will come in in 2022 after production starts and Royston sometime in 2022. If we are looking at a few Tcf it's going to be extremely hard to fend them of if a good offer comes in. I know a few here have mentioned it and I believe it will happen the bigger we grow. Just our opinions of course but you can just see it happening ( peanuts to the big boys but a fortune to us). Whatever happens it's looking absolutely fantastic for this company.
If Royston has huge gas reserves i just can't see us getting into 2022 without offers coming in I really Can't. Paul must know this as we look so much better and a .... load cheaper than offshore. I know he says we are small but they know we have found an amazing block with 4 out of 4 hits and results should back it up. The more we hit the better it looks and it doesn't get any bigger than Royston.
Absolutely no doubt it's even more a bargain. When Chinock and casc tests come out it should rise considerably, plus a multi billion pound deal with ngc. $2.30 / 2.50 mcf of gas and just my opinion but I know what Paul's like, plus he hints it's on terms close to others on the island. Soon find out.
You've got to think now that casc and the deep alone could hold 1 tcf of gas . Chinock is world class and we have coho plus existing oil production to boot as well.I went back and looked at Royston in a few presentations Paul has done and it's mind blowing to see just how big it is and far exceeding the size of casc and Chinock put together. As stated this structure has already got 700ft of gas effect and if that alone is across all the structure we could have a lot bigger monster than casc on our hands thats for sure.So looking forward to next year.Heads will be spinning next year with all the news coming this way and I for one am super excited about it.Bring it on Txp.
Hey the main thing is a sh.. load more gas has been found and we haven't reached the deep yet at casc. So we have to test what we've just found and also Chinook. Talk about a bloody bargain price as casc1 is worth this without the news from today or Chinook . So another well at casc to go for the deep and Royston next year is going to be excellent and news on the testing and NGC to keep us going. What an amazing yeah 2021 is going to be to add to this one Well done Txp on the first 4 wells and so up next the mighty Royston and casc deep with a better rig. If this doesn't wet your appetite f all will.
That's the way I'm reading it. A lot lot more to come and under higher pressure yet again. This rig had a top drive to help with pressure and better control and still couldn't get to the main target. A lot lot more to come from casc.