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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
Post by smittyfrompaon Jul 26, 2007 11:50pm
215 Views
Post# 13158867

Do PBG sellers know PMG exists ?

Do PBG sellers know PMG exists ?Tonights' PMG test news simply underscores what was already obvious : PMG is heading for C$12 near term, and C$30 plus, within 18 months, perhaps less. In other words, PMG, within 18 months, will support more than the current market cap of PBG ! Subtracting out PMG's closing price, PBG ended the day below C$17.70, which buys you THAI/Capri, Whitesands, Bakken, Torquay, Jumpbush, etc. It will certainly be interesting to watch how PBG & PMG trade tomorrow. If the next two development wells at Corcel approach Corcel-1, PMG will be producing a net 8-10,000 BOD, just from Corcel, by year end. Worth noting : Corey Ruttan told me they will truck oil out of Corcel, sincew a pipeline will have to run 15-20 km for a connection. If they hit a new pool, next year, at Corcel, then PMG may begin constructing a pipeline the second half of 2008. Added a little PMG, today.
Bullboard Posts