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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Comment by BlackDog914on Aug 21, 2007 2:35pm

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Post# 13278244

RE: Peak Oil

I wonder about the 'reserve' estimates of other companies once THAI is established... If a company drills a well and wants to use SAGD technology, do they pay royalties for that privelege?? Here's an odd thought... sometime in the future...say THAI is 'accepted' as a method of booking reserves...PBG's reserves will obviously go way up...! But... it is also a patented technology....so...if company XYZ doesn't have an agreement to use the technology...can they base their reserves on it?? if not... I would think they would pay dearly for the privelege of licensing... I may be way off base with this... Thoughts??

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