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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 23, 2007 12:10am
295 Views
Post# 13287938

RE: Secondary too cheap, PMG

RE: Secondary too cheap, PMGThought PMG could easily have waited, until two more Corcel delineation wells were drilled, and the Sept. Conga well was done. IMO, waiting another 6 months to do a PP, at a much higher, and less dilutive, price, would have been a better strategy. I don't want just one more rig at Corcel ; for C$50 million, we'd better see two added. Three rigs, full time at Corcel, over the next 12 months, could easily drive Corcel production alone, to the 25,000 BOD range, assuming the "large structure" that Corcel-1 drilled into, proves out. I too, would like to add, in the C$12.05 range.
Bullboard Posts