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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

Comment by Chreca1on Nov 28, 2020 12:16am
190 Views
Post# 31993762

RE:Today

RE:TodayA 10% correction was exactly what this SP needed and perfectly timed with a few weeks still until all the major news will start coming in unless the NGC deal comes out first of course.
It was my first thought that the Guardian article sounded suspiciously propagandistic in it's tone and this is not the first article on the T&T energy sector they have done their utmost in scolding, they are enemies to the present regime so take it for what it is a propaganda fearmongering piece.
Anyone thinking a distressed customer to the NCG would jeopardize the enrichment the Ortoire block will bring  to T&T and TXP does not understand the fundamentals and/or the importance of these discovered onshore gas fields.
Today's sellers are now replaced by stronger hands and that exactly is as it should be.


 
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