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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
Post by smittyfrompaon Sep 26, 2007 5:33pm
330 Views
Post# 13474962

TA & current share price

TA & current share priceIMO, TA shouldn't be dismissed, out of hand, and do think it a useful tool, WHEN COMBINED WITH FUNDAMENTAL DD. As an example, the current surge in share price began suddenly, early one afternoon, with no "news". This jump was not a "technical rally", but was, IMO, probably based on a cell phone call made, shortly after Corcel 2 reached total depth. So, given our current circumstance, TA may simply be telling us, that inside information is indicating Corcel 2, is a success. It will be extremely interesting, when Corcel 2 news is finally released, to compare the timing of reaching total depth, and when logging took place, to the sudden rise, in share price. Let's hope that whoever leaked the "good news", was giving out accurate info.
Bullboard Posts