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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 Goaweighon Dec 23, 2020 1:07pm
109 Views
Post# 32170205

RE:RE:RE:RE:RE:RE:Perplexed

RE:RE:RE:RE:RE:RE:PerplexedThink this Co. has a long history and many shareholders are from deals that were supposed to be great but failed, Directors too probably. The Ortoire block was just dirt , an unproven concept and the stock was a dog, it's was hardly a household name. I don't think many bought in because they were facsinated by the huge upside at Ortoire but I might be wrong. 
I'm certain if Ortoire was such an obvious laydown win then the Directors would have bought stock but who knows. The entire industry in Canada has been beaten up so badly that some if not all of these guys may not have the money to pile in to any play.
I'm not losing any sleep over it, I'm making a fortune and as long as they don't screw up I'm good.
One issue that may have put pressure on them to sell and exercise is the rumour that the Gov. might change the way options will be taxed in future, from a capital gains rate of tax to straight income and that would make quite a differance.
Unfortuneately all that will do is cause management groups to devise ways of creating larger options plans or paying higher salaries.

Cheers






Chreca1 wrote: No Goa, they did not get lucky here. And I believe most bought here in anticipation of the Ortoire block and not because of the tiny western pools, that I couldn't care less about.
The TXP team been working for years on the Ortoire project FFS !
Sure maybe they've been invaluable for TXP and I'm not aware of it, but I truly doubt it, but what really matters is what do they bring to the table going forward frome here on ?


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