Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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.

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Touchstone Exploration Inc

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Comment by Mastermind_9999on May 16, 2007 11:56am

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Post# 12789748

RE: Petrobank to buy 16% of WhiteSands

They've almost made 10 times their investment already on PBG...the most it's going to do for them now over the next few years is probably double or triple at best. Why not take the cash out. Maybe they want to re-invest in another more junior company with potential to grow 10 times like PBG did. Who cares, better for us IMO.

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