Member Info for tidd83

Plenty going on behind the scenes, enjoy

https://www.youtube.com/watch?v=rCzNSul8Lpg

Excellent news and to see the journey from discovery to substantial production finally be realised.

I agree that the cashflow to the bottom line can no longer be ignored. This RNS transforms TXP totally, with an abundance of development and exploration targets ahead and now with a solid revenue stream (which is likely to be increased as optimisation to 90MMCFD occurs in the near term) the trajectory for which this company can grow is enormous.

Cas C additional wells next to increase production to circa 200MCFD, Coho additional wells to ramp up production to 24MMCFD and a base plate legacy production of around 1200bopd coupled with current NGLs of 1400bopd (with potenital for circa 5000bopd) this is all near term and ahead of any real further exploration.

Well done to TXP.

Dave, TXP have already independently booked around 400bcf at Cascadura,

https://www.investegate.co.uk/announcement/rns/touchstone-exploration-inc-npv-di---txp/significant-cascadura-reserves-evaluation/5988001

As production commences and the reservoir is better understood from the drilling of subsequent wells it is likely to increase as well add to the production figures.

Another key thing to consider is that the extent of the reservoir could far exceeds what is known today. This of course is even before the deeper structure which has yet to be drilled due to the huge already pressures experienced.

"Based on the data obtained during both tests, the Cascadura-1ST1 reservoir appears to be unbounded within the area of investigation, confirming a larger pool than originally anticipated."

D i r e c t o r s t a l k i n t e r v i e w s

interview out today with paul, atb

https://www.***************************/touchstone-exploration-a-transformational-moment-at-cascadura-video/4121126969

This is not the first discovery onshore of this size. It would be worthwhile for people to look at Aventuras Carapal Ridge discovery's at the turn of the century - subsequently taken over by BG group and later picked up by Shell as part of the larger merger. Some 23 years later these wells are still in production and within the same fairway as Cascadura

It is also worth noting that Cascadura significantly dwarves Carapal Ridge however for it makes great for an analogous comparison.

Todays RNS is a significant milestone and marks a major turning point for the company. A huge step up in production will result in a major sustained and reliable cashflow going forward.

With so many strings to the bow in terms of development and exploration opportunities the company will become self funding, Cas C wells will add to the production basis and allow for further evaluation in terms of the size of the Cascadura structure which has yet to be fully explored (the deeper prospect alone has not even been touched).

The production will increase in the coming weeks as they systematically and carefully increase the flow of gas to surface the main thing so not to cause formation damage. All part and parcel of development.

Whilst the initial reaction may seem subdued (and things down across the wider market) I have taken another chunk for the pot this morning.

Well done to all holders, the share price re-rate will come as the realisation on the step change in production is felt.

“Touchstone anticipates initial sales volumes during the week of August 28, 2023.”

Next week…

Https://youtu.be/DvByWRR0S_8

Casca*!

Half asleep clearly.

Stage 1 of Royston at 90mcf only.

Stage 2 being 200mcf+ so circa double.

You also forgot to include condensates and existing production from the legacy wells.

I am again looking in here and see the usual nonsense you post. For clarity and as I am sure others remember well, you were peddling your claims when CINE originally filed for Chapter 11 and the writing was on the wall - loading up circa 2-4p ranges. As things stand the shares are circa 50-80% down in recent weeks/months with a spread almost as wide on market trading.

That tells you all you need to know - you keep loading up, the spread alone just highlights the idiocy of your comments

Exceptional news! It’s been a long time coming for the monetisation removes any rumours of placing talk and proves the model for the highly anticipated Cas wells which are currently being developed. This is an enormous milestone.

Walk*

Well done all those who picked up additional on the wall down.

DRB the effective date is exactly what it means, the cash accrued during the period from Jan to completion of transaction in July is passed to KIST.

Hence the acquisition near paid for itself from the revenue generated.

You are still here? Clearly living up to your name.. for those who believe this chap who apparently has lumped in £100k see below;

17 Aug 2022 14:52
Lol tidd, don’t be disappearing when this doesn’t go to 1p. I would really like your view’s on tin foil hats, if they are affective or not.

17 Aug 2022 14:45
Curator, 5p?? You will be lucky. At least your not talking 1p, like some of the derampers on here. End of play, if this is not over 12p, I’ll will be shoc

18 Aug 2022 12:11
In my opinion, a raise won’t really effect the sp, we are already rock bottom. If this drops, I’m loading up. This is a good business, easy 50p a share. I’m happy to hold patiently.
Imho DYOR

22 Aug 2022 09:27
Cruis, all depends on the rns we receive, my plank friend. I clearly stated that. The next rns should be, debt been rearranged etc. and the sp at 20p or 25p.
Some thick people on here. Imho

22 Aug 2022 10:31
My average is 3.30p AimMasterbater, I could sell now at huge profit, however, I believe this is going to rise significantly next couple of weeks do holding. Imho

https://www.reuters.com/business/energy/gazprom-says-nord-stream-1-pipeline-shut-three-days-end-aug-2022-08-19/

Sadly here for all employed and invested.

Suspension will occur, people were warned here for months and more so over the last few days. Lick your wounds, dust yourself off and move on to the next.

Anybody buying or promoting the fact that others should buy needs their head examined.

ProfitJock, has it ever occurred to you that the large buying being done will be coming from IIs closing their short positions down?

The drop clearly shows holders moving to the exits and faster than either the shorts are covering or at prices they deem satisfactory to maximise their profits for calling it right.