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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

Post by Chreca1on Aug 18, 2020 6:24am
204 Views
Post# 31421434

NGC deal

NGC dealI see there is some discussion going on elsewhere that they may drag out on the negotiations until they have the upcoming well results at hand first.
I asked the company that question some weeks ago, and was told that is not needed as the deal is covering the entire block and a future well success or not is not going to change anything on the deal terms anyway.
So, no delays because of the upcoming drilling activity at least, rest assured.
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