Member Info for Sundayroast

All for a current MC of £22mil.
There are so many AIM oil and gas companies which offer nothing but have much higher MC's.
Once other PI's realise the potential here were gonna see some serious fireworks

Hi Lex. I disagree. The gas play may not be on line by year end but it will be close. We have been told the 2nd and 3rd wells can be bought on line straight away, pumped onto tankers. So current production 2000 + lower end estimates off 1000bopd for 2nd and 3rd would be at least 4000bopd. By end of Jan once the gas play is on line then could be 6000bopd+ I really think we could see 50p+ by year end

Is anyone else seeing an updated broker rating?
But shows no information?

Shell, yes i believe that's the plan.
They were originally only drilling one target at Cascadura, this was changed somewhere along the line so yes the bopd estimates are for 1 well.
I'm sure this will all be firmed up in due course.
But there are people on this board in contact with PD so maybe they can reach out with the question?

Correct no SPT. There is a gas shortage in T&T so should be very easy to sell it.
Its a good mixture exploration program.
1st drill gas
2nd and 3rd oil
4th gas

Nosugar, yes those time scales seem about right.
The exciting thing is if the 1st drill is good then it proves up the Oritore block which is huge!
The next drill is Cascadura where they are drilling 2 wells.
The info can be found on the presentation below.
Again 95% chance of commerciality. Best estimate 944bopd per well, high estimate 2134bopd
Then there is the big one Royston, gas play similar to carapel ridge 1/2 TCF gas. Potential to pump 17,000bopd equivalent. Drilling January i believe.
https://www.touchstoneexploration.com/wp-content/uploads/2019/05/May-2019-TXP-Presentation.pdf

Have you bought in now crl?

As you mentioned 28 days from the 7th until news.
That will be preliminary results which will give us a good indication as to what we have discovered.
Then its further testing for a month.
After the 28 days though we will be straight onto spudding the next well.
The AIM loves quick succession RNS's so if the 1st drill is good then we could see further buying pressure.

That moved quick. Well done to those who bought in under 13p.

Another 2 weeks and the SP should be a lot higher leading upto results. The numbers below speak for themselves. Once the market wakes upto this we shall see fireworks. And this is just the first drill. I've been waiting patiently for a long time for this. Not much longer to wait.
95pc chance of achieving peak production of 1,084boepd
73pc chance of achieving peak production of 1,965boepd
30pc chance of achieving peak production of 3,336boepd

Hopefully that's bottom. Should see a rise back up pre-spud.
Be nice to be around the 18p mark by results time.

I'm still completely comfortable with my investment.
What a great opportunity to buy. Some serious gains to be had from this level.

What is PPT?

It really shows the importance of us drilling for gas! The SPT tax is killing T&T.

I think that's why it has dipped, with the reduce production and slump in oil prices the results wont be amazing.
But as we all know, Oritore will more than make up for that.
The future is bright here.

The article is a fantastic read.
If this doesn't reach over 30p at some point this year i will be amazed.
But I'm looking for way over 50p in the next 6 months.

I wish i had more funds but I'm absolutely stacked here now.

Agree, you would need balls of steel to buy at this price.

Look at ECO today.
If we do hit close to 2000bopd equivalent the SP will double in a day.
I'm happy to wait :)
We will then have loads more investors on board excited about TXP going into the next drills. Then we could see serious fireworks.

Considering this first drill alone could be circa 2000bopd equivalent then I'm not too fussed about the base production.
This time next year we could be anywhere between 5000-10000. Once we start pulling in those kinds of numbers then we will grow exponentially