The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Here is the link to the presentation: https://www.youtube.com/watch?v=1XYO7CF1GPA
Recording of yesterday's presentation now on You Tube for those that missed it: https://www.youtube.com/watch?v=rmg9ej9yMME
Payment for gas sales are monthly in arrears with first payment for Sept due on 25th October and monthly thereafter. A continuous drilling programme will recommence after funds received to prove that all is okay fund flow wise.
Link to new presentation slides for today https://www.touchstoneexploration.com/wp-content/uploads/2023/09/TXP-Corporate-Presentation-Sept-2023.pdf
Love this quote re Jurassic Appraisal well this year to maintain the current momentum at 6 min 41secs to 6 mins 57 secs “Unexpected huge upside, proven to be capable of being appraised shortly this year so very exciting for that and that would be a gas to power project potentially there is just too much gas there for the CNG market”
From the RNS:
4. Top Jurassic carbonates
The top Jurassic carbonate objective was reached at 1135 metres TVD MD, 253 metres deeper than the estimated depth pre-drill based on no well control.
A thick section of 175 metres of claystones capped the Jurassic carbonate section confirming the presence of an excellent seal separating the section from the overlying Moulouya Fan sequence. This has eliminated a significant pre-drill seal risk.
The culmination of the Jurassic carbonate target now lies 2.6 kilometres to the southeast of the MOU-4 well location and significantly higher than at the MOU-4 well location.
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Genuine questions for our resident experts: what does this actually mean? Can we infer whether it is gas charged or not beneath the seal?
It feels like the full picture hasn't been provided here. Hopefully the extra detail not being provided nor the fact that the final well depth wasn't mentioned, unlike previous wells, is for commercial sensitivity reasons so all can be revealed in the updated CPR as part of "the race to the finish". Not intended as a ramp/deramp in any way, I'm just curious about it.
I am LTH and in it for the full journey whatever that may be.
Thanks in advance
Shares Investor Evening presentation https://www.youtube.com/watch?v=DvByWRR0S_8
GRH response on this 3 hours ago on Twitter:
"To be 100% clear:
My posts re Genel were because I saw a chap on LSE posting re Genel
I thought it might be an interesting story for some folk
Several asked me to post it...so I did!
It has zero relationship with current events
I will post no more on the matter"