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.

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Touchstone Exploration Inc > Interview with Paul Baay

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Comment by mjh9413on Dec 19, 2020 1:22am

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Post# 32146359

RE:Interview with Paul Baay

These are questions. Wud someone reconcile that number of "80 -100MMcfpd" (he said million) end of 2021 with $1.6B-$2.2B 'time of asset" total with the $2.50mcf indicative pricing. It has to be 80,000,000mcfpd, which at $2.50 means an 8 year term of asset to reconcile to the time of asset totals, and 80,000,000mcfd equals net (before oper costs and royalties and taxes) to TXP annually of US$160MM. Is this right?

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Aston Bay unearths thick new copper zones in Nunavut