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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Post by smittyfrompaon Jul 24, 2007 8:30pm

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Post# 13144755

More flavor on PEG''s market cap

No sooner do I find the news online, that Meta Petroleum was taken out by AGX, with a 700 million share issue, creating PEG.TO (Rubiales Resources), than Oil & Gas Journal prints a brief summary. It seems that PEG has an almost C$800 million market cap, with only 5000 net BOD, of the current 18,500 BOD 12.7 API oil, going to them. This oil is, of course, sold at a considerable discount to the 31 API oil soon to come on line (via truck shipment) at Corcel-1. IMO, PMG's net production will far exceed that of PEG, by the end of Q3, and could be double that of PEG, by the end of Q4, with cash flow to PMG probably triple that of PEG. PBG & PMG both great investments.

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