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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 Aug 09, 2007 8:16pm
346 Views
Post# 13225005

RE: PMG announces q2

RE: PMG announces q2How will the market react, to over 3800 BOD of current production, and over a combined 8000 BOD, in Sept., when Corcel-1 hits 4000 BOD ? How will the market react, to an additional 69,000 acres, adjoining the Joropo block (the additional leaseholds may explain the reluctance to build a road, and do a proper flow test here) ? How will the market react, to having Shell as a next door neighbor, in the heavy oil leaseholds ? How will the market react, to a nice net profit ? After today, who knows ? I had expected a pullback, but late today seemed like panic selling, no rhyme or reason. Hopefully, this puts a floor under PMG.
Bullboard Posts