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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 Jul 27, 2007 11:18am
156 Views
Post# 13160553

RE: PBG vs. PMG

RE: PBG vs. PMGDon't hold your breath waiting for John Wright send out PMG shares wrapped in a gift box, anytime soon. If anything, he may be considering a buyback. Why ? In today's world, tests that indicate 2 of the first three zones tested may come on line at a combined 5000+ BOD (the last zone could bump Corcel-1 to an initial production rate, on pump, of over 7000 BOD)are (holy sh**) numbers, onshore, and may indicate huge conventional light oil reserves, in the Corcel concession. It appears that Petrominerales will have enough production, within 18 months, to self fund, from cash flow, an initial 100,000 BOD heavy oil THAI project. Still unknown : depletion rates, well life, and just how many of the remaining five leads at Corcel will be oil bearing, and how many new leads will be discovered, when seismic is done over the remaining 90%. IMO, Corcel-1 has completely changed the game plan, for PBG's designs for PMG. People selling PMG today could get lucky, and buy back cheaper next week, but, IMO, it's an extreme risk, to sell, at this point.
Bullboard Posts