Touchstone Exploration Inc T.TXP

1/2 Billion for LEASES " SA T of France ?????

[DNASLIO]

This looks good for PBG.... rumour SA TOATAL via Norwest is the owner of those leases... requires new technology to get at that oil.."PBG THAI" ?????? Norwest is working on PetroBanks THAI project... https://www.ptac.org/about/ptalk0301.html Heavy Oil TIS results in Pilot Project Norwest Corporation Selected by Orion Oil for THAI Pilot Design Project On January 23, 2003, Norwest Corporation hosted a PTAC Technology Information Session to introduce its new, fully-integrated in situ oil sands and heavy oil team formed to reduce risk in the development of new leases and new technology. Shortly after the presentation, Orion Oil Canada Ltd., a Heavy Oil Business Unit of Petrobank Energy & Resources Ltd., called to discuss plans for the world’s first field pilot test of the THAI (Toe-to-Heel-Air-Injection) process in the Athabasca oil sands. Orion plans to spend approximately $4 million in 2003 on seismic, delineation drilling, pilot project engineering, design and planning. By mid-summer, Orion plans to apply for regulatory approval to build an experimental field pilot. Norwest and Orion subsequently entered into an arrangement under which Norwest will prepare the project DBM (design basis memorandum) including the design and cost of the facilities, wells, data collection, operating guidelines, and spearhead the regulatory application for the pilot. AXYS Environmental Consulting Ltd. will cover the environmental aspects. Orion is providing in-house expertise for geology and site selection. Dr. Conrad Ayasse, one of the inventors of the THAI process, is leading the numerical simulation effort. Orion plans to locate the pilot on Petrobank’s recently acquired 42 sections of 100% owned oil sands leases in the Christina Lake area west of Conklin, Alberta. Petrobank’s interest in THAI was stimulated by an earlier PTAC information session on the process. THAI is a radical modification to other in situ combustion processes. It combines a vertical air injection well with a horizontal production well. A combustion front is created that sweeps the oil from the toe of the horizontal producing well to the heel to efficiently recover an estimated 80% of oil in place while upgrading the crude oil in situ. For more information on the THAI pilot, please contact - Joe Aiello Vice President Oil Sands Norwest Corporation phone: [phone] [e-mail]