Member Info for tidd83

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I certainly wouldn’t rule out the bonus deeper zone at Chinook, they’ve already stated more optimal locations are identified updip. If true that’s potentially a deep 1000ft oil payzone on top of the intermediate zone currently on extended well rest and all the thick gas bearing sands yet to test

Also excludes the liquids which are separate!

Both recent RNS have added around 6p to the share price from previous highs.

That includes a multiple stacked target with new significant pay zones identified and a well cut short due to excessive gas pressures and a multi billion $ contract signed with NGC.

The market sleeps, it did it last time on the initial Cas discovery announced over 1000ft of pay.

Eventually the real valuation will out.

Bladey they have been finalised, the deal has been struck and signed - the pricing will be commercially sensitive / we may be given a range indication but needless to say it is a route to market with the National Gas Company of Trinidad and Tobago (a government entity) which commercialises all reserves.

Excellent RNS and the teams have delivered, the information omitted is clearly commercially sensitive but given PB is a very astute and straight businessman I would conclude that the deal has been structured based on the indications previously given on interview (and likely a new interview to follow today too).

The deal will be worth billions, the sale price of course will be profitable and with minimal capex required for tie (being onshore and close to existing infrastructure) it appears some if not all of this will be carried by NGC allowing TXP to use cash proceeds to further exploration and development thus win win all round.

Today’s RNS is monumental.

Has anyone had any comms with IR in regards to whether they will issue another trading update this month?

https://www.hydracapital.ca/2020/12/04/touchstone-hits-new-gas-while-transglobe-bags-a-new-deal/

Matt - additional there is 200ft additional pay on the original Cascadura target zone which was not realised on the first drill.

As per the seeking Alpha article they anticipated that 169ft could alone contain 100bcf so that has also been exceeded.

What a result, that is a huge payzone identified and still the mammoth zone still to reach (oh and another 21 target prospects to go after).

So 4/4 results in now at 100%. PB is delivering Christmas early with more news in the pipeline.

MTs post;

https://tinyurl.com/y5x7rpxo

Photo, its old news - it really is a storm in a tea cup.

Shell I remembered noticing you were 1p out from my 177p prediction

Yep I don’t think they will wait for the results to be honest, if it was based on production rates they could offer a tiered pricing model to satisfy sign off.

Still needed here, another positive update issued and shares are still trading at circa 50% of their recent highs.

The bond resolutions, return to pre Covid collections and significant headroom and cash position should push this much higher.

IIs recently taken sizeable positions and now the brakes appear to be let off.. triple digits.

Corpse, NGC news could land any day. The last presentation was around 4 weeks ago with proactive - PB said then they were close to finalising and should be hopefully able to update the market within the month.

Lexion thanks just had a read and it is great to put some projected figures against the comment made earlier;

https://seekingalpha.com/article/4389599-touchstones-cascadura-deep-gas-exploration-well-are-optimistic-for-significant-gas-discovery

Mal, Cas deep is targetting a completely different structure. One which proved successful at the recent Chinook well along with the original target that was not hit at Cas due to the gas pressures being too high to proceed (nice issue to have).

If that deeper structure comes in and is infact connected to that at Chinook circa 1km away (which 3D infers)then that single structure alone will be likely larger than everything they have hit to date.

In terms of what is priced in, fag packet calcs has not even factored in the recent "world class" find at Chinook yet so certainly nothing is priced in.

Lexion agree, whilst also considering the valuation against the reserves and successes to date which I am sure we can all agree is way below where it should be

Trek, they have just taken almost 8% of the placing at 95p.

Not exactly sure where the concern is, for me that speaks volumes for confidence.