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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. 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. Its main exploration focus is the Ortoire exploration block. The Ortoire exploration block covers about 44,731 gross acres on the east side of Trinidad. Its other exploration prospects include Royston, Coho, Cascadura, and Chinook. The Royston location is targeting a deep gas prospect with an estimated target depth of about 11,500 feet.


TSX:TXP - Post by User

Bullboard Posts
Comment by smittyfrompaon Feb 27, 2007 12:47pm
186 Views
Post# 12321025

RE: Is demand destruction the big problem ?

RE: Is demand destruction the big problem ?If memory serves, during a presentation, John Wright once referenced C$500 million to put up a 100,000 BOD THAI operation. Allowing for capX cost inflation (rising steel/stainless steel prices, pipe, etc.), it should still be possible to do a 400,000 BOD THAI project for US $2 billion, and it could be lower, if yields from THAI actually turn out to be 50% higher than predicted by computer simulations, which we seem to be seeing, in the first two well pairs. Agree, we may be on the cusp of an incredible run, over the next five years, for PBG. Sure hope J. Wright & company stonewall that fat, thieving little murderer, in Venezuela, and concentrate all South American THAI projects in Columbia.
Bullboard Posts