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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 > Very nicely put restatement of “Why TXP”
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Comment by Chreca1on Aug 01, 2020 1:54am
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Post# 31353153

RE:RE:RE:RE:RE:RE:RE:RE:RE:Very nicely put restatement of “Why TXP”

RE:RE:RE:RE:RE:RE:RE:RE:RE:Very nicely put restatement of “Why TXP”Just some comparison between an apple and an orange.

CNPC are in talks with BP to buy a 10% stake of their Khazzan field in Oman for 1.5 bn USD, a Natty and Condy onshore unconventional field with a projected 300 well 16bn USD development cost in total. Plan is to reach 1,5bcf/d gas and 35k barrels of liquids/d while up 'n' running at full speed, presently at 1bcf/d production.
Discovered in 2004 started first production in 2017 projected to produce 10,5tcf of gas and 350mm barrels of condy during it's 30 year lifespan.

If that deal closes maybe BP can shuffle that 1.5bn USD into an onshore T&T gas/condy play instead ? LOL

 
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