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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 Jan 02, 2021 11:08pm
179 Views
Post# 32210697

RE:RE:RE:RE:Why is the head honcho only talking about 5-600 billioncf's

RE:RE:RE:RE:Why is the head honcho only talking about 5-600 billioncf'sOne more thing regarding their MO post-Royston, now we have one reason why they would not do more development drilling on the already discovereded pools (Coho,Casca, Chinook, see my mail from yesterday), but one more reason and I'm just thinking out loud here, could be that maybe deep inside Paul and the team think there's a good likelihood the suitors may start moving and acting sometime during this year and that it's high time to prove up as much as possible before they strike and then the best way to prove up should be to go full throttle on exploration wells instead of development wells, right.
And if a good chance the company will not live to see the first Casca/Chinook production anyway then there's no time to loose here in proving up as many of those already identified prospects as possible asap ?

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