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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 12:03pm
267 Views
Post# 13160843

RE: PBG vs. PMG

RE: PBG vs. PMGBob, if we add the adjacent Guatiquia block acreage to Corcel, in round numbers, it totals 118,000 acres in this trend, with about 12,000 acres seismiced, so we still have 90% to go. Don't expect 6 leads for every 12,000 acres to continue, but 3 leads every 12,000 wouldn't be a surprise, so 25 to 26 leads, on top of the five known and still undrilled, would leave us with about 30 leads total, over the block. Hit half of those, and discover perhaps 15 oil pools total ? It will be interesting to see, just how well the two Corcel development wells do, by year end. IMO, they will add a 4th rig in Feb. 2008, and drill 2 or 3 heavy oil wildcats with that rig, just to start proving out the 800,000 heavy oil acres. My WAG is, assuming they hit the 12.7 API oil they expect, they'll want to start on a THAI construction permit, Q1 2009. This puppy is still completly unknown, especially when BNN references it as a mining company.
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