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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).


TSX:TXP - Post by User

Bullboard Posts
Comment by smittyfrompaon Dec 22, 2006 8:37am
330 Views
Post# 11910764

RE: 5 months of THAI

RE: 5 months of THAI Sounds about right, although still think a THAI permit app. will sail through, in less than three months, especially if the pilot 10,000 BOD is directly adjacent to the current three well pair setup. My motivation was to point out the absurdity of a six+ year time frame. Would assume engineering study & plan finalization will take about 3-4 months, and would expect a permit app. in April/May. If I'm right, about the provincial gov.'s motivation, we would see a permit granted about late July-mid August, and tacking on a full 12 months for construction, plus some possible weather & equipment delays (another 1-3 months), we're looking at plant commissioning about Sept.-Oct., 2008. Roughly $100 million US, to design & build, a 10,000 BOD plant, based on prior PBG info, but allowing for some inflation. Hopefully, by the time the pilot plant begins construction, Canadian production will be approaching 10,000 BOED, so the project can be funded mostly from cash flow.
Bullboard Posts

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