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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 Feb 01, 2021 6:57pm
168 Views
Post# 32441744

RE:Wow bids not even reaching market

RE:Wow bids not even reaching market

The testing is possibly 6 weeks behind expectations. But that was the previously maxed out testing equipment initially used on the first Cascadura well.

This time they need the full picture for production planning and that required much bigger kit as the real question post the NGC gas sales deal is "Do they need one 10 inch pipe, something bigger or a pair of 10 inch pipes?"

So when did that test equipment arrive at Chinook site?  We know they publically said commencing likely 1st of February but don't bet against it having turned up five or six days earlier! 

So first results may come unexpectedly early or maybe not? Hopefully not as they make a decision to upsize? Hopefully possibly but each time they have looked Cascadura and Chinook seem to grow bigger.

Timing news here has just got a lot more interesting!

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