Member Info for Sturm

WWP - They're not ready to provide exact timelines or deadlines yet. They will soon have that information and are planning to drill two wells at Cascadura this year. That's what PB said. Let them accumulate some cash while they monitor Cascadura's progress and wait for the drilling crew to be redeployed. More accurate deadlines aren't possible at this moment. I don't mind waiting a couple of weeks to get a spud date. Also, I don't mind waiting till December for the 2024 guidance and Capex plan.

How many companies "even in this space" as you say, have accurately guided for 2024 at this moment? Give me a few names and I will have a look. They must be formidable.

At 18.5K BOPD in Q4 @95 Brent, they'll net profit half (42.5mm USD) of the expected annual profit @85 (85 mm USD).

Brent price >80 really kicks free funds flow up.

WWP - it's not going to be a quiet period going forward. They'll announce when the'll drill when that's decided. And since they're piling 4 million USD/month, that's not going to take long.

As PB said: Let's do our job. We'll keep you posted.

Not giving deadlines (with the risk of overpromising) is imv. EXACTLY what this BB has been asked for, for quite a while.

So he's now doing EXACTLY what people have been screaming at him to do. And he seems very confident in solving the tasks ahead and doing the right things in the right order. Instead of promising what could & might be.

So he's a big azz. But we already knew that TBH. So let's move on and not worry too much before the next AGM where we can vote in his disfavor.

They're making 50 million USD /year now. Just waiting for the pile of cash to grow a bit before drilling a couple of wells back-to-back at cascadura. Bring them online, and in 9-12 months we're looking at 150 mio. USD/year - just from Cascadura.

So just chillax. Just wait for the news. re. spud, Q3 numbers and 2024 guidance and Capex in December.

As usual: Just do the hardest but most important thing when you've spotted a winner: Sit on your hands.

Yeah... promising numbers beginning to tick in. Could be the "tide" has turned :)

It's going to be very exciting to see the presentation. 0 dilution and 100% self funding will be very important - given the last raise and also the very high interest rates we have (US 30 year at record high 4.67% - that's a slap in the face). That's a return to 2007 interest rates.

Status @ cascadura (& timing and cost to reach 200) + drilling plan going forward is ofc. also super important.

Leapinglemming - We'll know more tomorrow at 3:30 pm BST (10:30 am EDT).

https://www.investormeetcompany.com/touchstone-exploration-inc/register-investor

Hear it from the horses own mouth :)

Late 2024/early 25 if we're lucky; but "drill to fill" is prio. number 1 IMV.

So many things lined up and the base should be more than covered; personally I'm happy to wait 1½ - 2 years for some serious rerating and yield to begin (or at least being in the calendar) - I don't need cash ATM and can't hardly find a better prospect. Risk/reward has IMHO never been better.

Take over - nah, who would be interested in that + there are no major investors. It would be hard selling that idea to the board and much harder to sell it to retail investors. Only the unhappy swingtraders are really interested in that, but the three has been shook for a while and most of the monkeys and bad apples should be gone. Unless you're talking 5 CAD + ofc (at which point I still wouldn't sell but i expect you could "easily" get a take over at that price).

IMV selling before Kraken has been drilled is just silly (unless you have to/have much better risk-reward ideas).

Still thinking we might get +8-10% today or Monday - without news. Got to be some FOMO incoming now.

Hm, I wonder if he really means what he says here - since he's implying (I'd think) that 90 - 200 is "effortless" and doesn't really require much in terms of approvals and CAPEX

"The first phase that we just completed is capable of 90 million cubic feet a day, about 2,000/3,000 barrels a day of liquids. So, we’re going to ramp up the production as we go here but right now the initial phase of production will be 60 million cubic feet with the liquids about 1,400 barrels a day, and that’s with the two wells that we have now.

Now, ***as we drill the additional wells, we’ll fill up that additional volume to get up to the full 200 million cubic feet a day***

Anyways, with this Brent price, even 60 mmcf + liquids should net around 5mm USD/month :O).

People are waiting for the FED meeting today. So it's going to be one of those spicy days.

And again, I wouldn't be one bit surprised if we get a +8-10% day without any news one of the next couple of trading days.

After the next investor meeting & information/presentation we should trade higher.

But people have no patience - hardest thing for investors is to do nothing, even if it's the smarter thing to do.

I hope it stays just below... that's high enough and can be sustained for a long time.

It's basically the US administrations failure to buy back / refill SPR at 75 AND "recession is coming"belief, that made shorters short, short and short; driving the price down and making Saudi cut production - twice. So... now we're NOT in a recession mode. But the story has shifted - "supply is tightening". Tbh. it's just as much "soft landing" as it's "tight supply" - and again; blame it on the shorters (and maybe US admin for not refilling). Funny thing (not so funny!) is that a high OP ofc. increase recession odds.

So - I don't mind a high OP (90 is hardly high, inflation over time taken into account), but 110-120 is bad for business in the medium/long term. And I hope #PTAL can be a cash machine for a decade without too many hiccups (for Peru, lol).

/Sturm - slightly OT

IMHO just chillax until the presentation and more information next week. Remember, SP and company value are 2 numbers, that rarely are aligned. Company value >>>>>> SP right now (and the foreseeable future :D)

(I guess we might also see a day with a strong upward movement this week, without news. RNG is strong, short term).

Once they confirm 90 mmcf we'll certainly get a rerate. It's 50% more. Plans going forward (released next week) might also do the trick, and so would more information about how the two wells are performing; e.g. could they produce 60 mmcf from EACH at full throttle. Forward P/E will also be well below 3 once 90 mmcf is confirmed (might be lower, but tax is a joker + CAPEX will certainly affect and limit free cash flow. This is just short term and before they drill more development at Cascadura.

Less than one million shares traded so far today across Canada/UK. A bit surprising tbh, given the absolute confirmation of commerciality + the fact the TXP at this shareprice can go private in 3½ years.

And then I'm not even including the 50% increase we get from 60-90 mmcf.

Ah well. Not planning to sell "this side of Kraken" under any circumstances. And still hoping for dividend (or rather share buybacks) to begin late 2025.

Forward P/E around 3.4 now (5 mio. USD/month). On 1/3 Cascadura.

Well, I'm waiting for Canada to open. As usual, UK shareholders with a grudge can't be trusted to react to good news :)

/Sturm.

20p in dividend (/buyback) sounds promising... i just wonder if they'll be able to begin shareholder return Q4 2025 (at a lower level) or if we're much further out.

With that volume AIM might as well be closed :D

So :O) - do you then expect a raise before flow rates are announced. Basically you're betting that a raise will come before a (good/fair) flow rates RNS.

I think that master plan will age with quite a grim smell.

What did you buy with your TXP money Dartron :) ?