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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 mjh9413on Dec 20, 2020 12:04am
230 Views
Post# 32148441

RE:RE:RE:Paul Baay Interview

RE:RE:RE:Paul Baay InterviewYes, Baay was extolling over US$3/mcf (think he even said $3.11) in an earlier interview on the NGC negotiations, but all that apart I need numbers and to understand the risks (in ddition to ones outlined regarding drill program). As I see it, excluding all other production, we might go from COHO alone giving TXP about 3c NET income (on 80% of prodn and after royalties and oper costs but not taxes), and going to just under 40c with all dev wells included.
We have condensates and maybe oil on top of this prodn so looking real good but who builds the plant(s) and pipe to deal with condensate separation?
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