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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 Davidblackgreenon Dec 24, 2020 4:38pm
242 Views
Post# 32181680

RE:Chinook Testing

RE:Chinook Testing

One new director appointed and alloted her first 110,000 share options at $2.07.

Core three operational directors sold their expiring option stock.

And lastly a non executive director bought 30,000 shares at $2.01.

All occurred in that tight time space to avoid being trapped holding insider information.
 

That being so in the next few days TXP will have the first sniff of gas or not on that new bottom 68 feet section.

It "Might connect" Chinook and Cascadura or not?  So oddly the smallest and least important test of the three, in terms of that single well at Chinook, but if there is a connection then TXP have a much bigger ball game on their hands!

No wonder the non execs wanted skin in the game ahead of events as if it's not there they will still do well.

No doubt it will be January before shareholders get to hear? Although if it appears to connect they are going to have to do an awful lot of checking before they release that information.

So $3 within a fortnight? Would you bet against that possibility? Probably not but you never know.

It's not going to be boring that is for certain.

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