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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 Margin321on Jan 15, 2021 9:58am
147 Views
Post# 32305166

RE:RE:Presentation video.........

RE:RE:Presentation video.........I like "if things are going swimmingly".

Nice moment where Paul was asked why Royston was not named for a fish - and he talked about how his father had been in the E and P end of the O and G business his whole life, and that that having a huge discovery on a prospect named for him would be very nice to honor him.  Intersting that they have fish names for all the other prospects but he chose "Royston" for the biggest of all the prospects.

Things have been going swimmingly except for some minor delays in testing and hook ups.  But they are 4/4 on exploration wells with really monster wells.  Cascadura deep has 1300 feet of pay and they didn't get to the "deep" part because the amount and pressure of the gas overwhelmed them. That is not the worst outcome in an exploratory well. 

Hoping that things continue to go swimmingly in 2021 and 2022.
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