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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 May 19, 2007 9:06am
412 Views
Post# 12809329

RE: More oil firms move into costly oil sands

RE: More oil firms move into costly oil sandsThat article is incredibly revealing ! "Big oil" has "plenty of conventional oil and gas opportunities", and they don't need the capital intensive oil sands of Canada ? Thunder Horse, the deep water platform run by (I think) BP, in the GOM, is still not producing, two years (and about $2 billion US), behind schedule, partly thanks to a hurricane, with great danger of more hurricane damage. For two $ billion US, BP, using THAI, could, in three years (Thunderhorse began construction almost five years ago)time, be producing 400,000 BOD of 21-24 API oil, to pipe, in Canada, with no future hurricane risk ! IMO, Statoil is already planning, to license THAI, or perhaps, buy out PBG. The Norwegians are looking very smart, from this vantage point.
Bullboard Posts