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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 Mar 04, 2021 11:47am
95 Views
Post# 32715351

RE:RE:RE:RE:Webinar......March 10th......Reminder

RE:RE:RE:RE:Webinar......March 10th......ReminderThis is what you call backtracking...very funny. As I suggested we'll soon hear from the Wildrat that he bought a bunch because he could tell the " big promote " was coming.

The entire Canadian O&G sector has been doing well recently, a cyclical bounce which is fine.
Nothing special about AAV at all. For instance NuVista ( NVA ) another co. of almost identical size to AAV was in the .90's in early January and it's $ 2.36 today, so a better performer than AAV over the last few months. 
If you're into hopping on and off moving trains trying to guess which one is going to get you to your destination faster then that's fine but it rarely works in the long run. 
What we do know is the upside of Co.'s like AAV and NVA is limited, they have to peddle very fast just to stay in the same place and even faster to make any progress and the only break they get is if they happen to catch a breeze going with them, if the breeze goes against them they're screwed. TXP's upside is only limited by the drill bit and we have so many more opportunities to double or triple the size of the Co. vs. the Canadian juniors to compare them is ridiculous. 

Only 6 more days till the big Pump, can't wait !



Wildcattter wrote: if only they would also reveal they are selling maybe 200Mmcfd starting next qtr... huh??

not some tiny 10Mmcfd thru a process plant... the whole big supply thru the main country pipeline to those petrochem plants... that is the promised land right?  unless the price is like $3... the value is way short of the $220 mill return from other small gas producers, meaning better places for my money? you spend here, we look to pay ya back there...hmmm...lol

nope you see the  stock volume start today?  larger than say, aav, unusual for sure... says to me, maybe a leak to some buds of a coming promotion road trip to promote these big wells... they got the gas, no doubt about it... now, where can they sell this big new supply on Trinidad... on this little island already long known for its oil and gas... already self sufficient, so Trinidad, they brought in over a dozen petro plants to use all the gas they have... now comes TXP.. big wells... woweee, we knew there was plenty of gas on Trinidad and around Trinidad... we knew that for decades...lol... so finding new big wells onshore is better than offshore, for sure... but you still have to sell the gas... remember Trinidad is self suffficient with plenty of gas offshore, already developed, lots, looking for new buyers... 

so you don't worry about selling huh??  it is just the rush of the next big well reults to brag on about the high deliverability meaning cheap production ... yep...

got a buyer?  anyday now, tell us you got a buyer for the gas at a price... he won't, there probably ain't... meaning if my theory is corrrect, your share value is gonna go way, way, down, way way fast, when the market figures it go as I might have...lol


or, only taking a four bagger, over, under a year... moving into aav at $2.. maybe return from TXP will be better.. then you are right and I wrong... at least my wrong is from being involved understanding both sides.   not just a one time fluke of a 5 bagger... maybe more, few here in under $1/share ??  that would be few of you, but all will claim it then..  not too much understanding here... lots of hype about world record flows...lol... it is not that huge a reservoir... it is deep but small across the top.. there will be a few of these fractures that isolated the traps along the break.. my gawd this is nothing world shattering at all, it is a company maker for sure.. but only when you get cash from the gas... not air about the next production test, dumb hot air here... until you get cash for the gas.


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