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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 stevemeisteron Apr 16, 2020 11:27am
98 Views
Post# 30916507

RE:What I like here is no debt repayment until Jan 2021/Sauds

RE:What I like here is no debt repayment until Jan 2021/SaudsBuying. Out with the old money in with the new. 

'And fully funded for drilling several exploration targets. Their amended credit facility does not require the commencement of principal payments until January 1, 2021. Comparing to others not much debt. Coho additional production should be online then generating additional revenue.
 
 As I said before look further ahead and take advantage. I have been trading since the 1980’s when working for brokerage firms seen many downfalls and recoveries.
 
I’ll give you a hint about Saudi Arabia. Their fields are slowing drying up and that is why they are trying to diversify away from oil, Watch the Sauds reverse their policy soon. I’m still buying here."
Bullboard Posts