Touchstone Exploration Inc (PBEGF)

[pro_s2009]

I thought the interview was fine.

Show lots of caution - not perforating too much - being careful.

Market giving negative value to Chinook - so dont mention it. Its written off so let it stay that way unless it turns positive later.

Coho is on line soon - dont mention it - make it "matter of fact like" when it happens.

Express caution that Rosyton is exploration.

Express the near term way forward is production and cash flow - development wells - we dont need your dirty insti placings anymore.

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Overiding thing ahead will be shorts will want to close - they will have been banking on Casca flow tests being bad - they were in fact good - now they know next news is Coho-1 online and then Royson spud, and they will not want a short position open ahead of Royston, so they should be closing any remaining shorts not closed earlier this month.

Speculative UK money also currently in PANR, which will have its Talitha results soon and then with PANR having to fund raise for Alkaid well this summer, there should be a return of that UK speculative money into TXP for the Royston well.

So should be plenty of buying of TXP in the weeks ahead.