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 > no news means no own in this one

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Comment by mjh9413on Jun 04, 2020 2:47pm

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Post# 31113002

RE:RE:RE:RE:RE:RE:RE:RE:no news means no own in this one

Those oddball items I mentioned would impact qtrly estimates going forward, so I'd revise the cf to about US$7.2MM when Coho and Cascadura producing, so about US$0.04 cfps, about C$0.21/annum so current price is 4 1/2 times cfps. Still doesn't make a Billion$ market cap any time soon.

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