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.

TSX:TXP - Post by User

Touchstone Exploration Inc

Bullboard Posts

Comment by smittyfrompaon Oct 04, 2007 11:02pm

278 Views

Post# 13526206

RE: Did the PMG guy mispeak during the presentati

Jack sounded extremely tired during his presentation, so he may well have slipped, and given info he wasn't supposed to. If each well is averaging 2000 BOD total fluid, and a 60% oil cut, it would certainly explain the current $40+ print. Noticed 4000 BOD requires 70 truckloads per day, at Corcel-1, with a max capability of 18,000 BOD, via truck. Also noticed that they will bring in a completion rig, from Orito, last week of Oct., for Corcel-2, while the rig starts drilling Corcel "3" (C ?).

Bullboard Posts

Three mispriced stocks exposed to major market tailwinds