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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 Dec 19, 2020 11:20pm
181 Views
Post# 32148400

RE:RE:Paul Baay Interview

RE:RE:Paul Baay InterviewI guess we should not judge the Markets inability to view this deal for what it is after just one trading day, but the significance and importance for TXP  that from now on not have to focus and put any efforts into that part of the commercialisation process is a huge plus. I know Paul been throwing out numbers in previous interviews of the cost involved to tie-in these larger pools and to now be relieved of that initial financial burden that would have otherwise been necessary (incl Coho) shouldn't be overlooked. But it seems it is, both by the Market (again if one day is a testimony of this) and some disgruntled shareholders posting out on the WWW incl this place.
I said it before and say it again this is a good deal no doubt about it and is very much paving  the road for TXP in it's shift towards becoming a mid-cap gas producing company.

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