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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 stanleyon Mar 10, 2021 6:39am
142 Views
Post# 32760513

RE:RE:Touchstone's 2020 NI 51-101 Reserves at 64.94 MMboe P+P

RE:RE:Touchstone's 2020 NI 51-101 Reserves at 64.94 MMboe P+P
Lurk & Learns:

Quick update to PB's latest interview (March 10th); possible points to ponder in advance of todays (well hyped) presentation. May not change the "water on the horse beans" but might enlighten some who may have "appeared" to question PB's (to use a sailing analogy) tack.

Touchstone a Busy Year End in Review

Points to ponder include; but not limited to the string of personnel announcements.

As previously mentioned, the "O & G experts without experience" might be so busy micro cyber managing PB.s azimuth that they continue to be missing the (possible) inflection point. i.e. a significant (team) transition\expansion from explorer to developer/producer in the Ortoire Block. PB's knows (or should know) that this transition, if it is going to be successful, will need to announce the team with a different skill set, that is going to help with this transition.

Another point that appears to be not geting any attention is the "delay" issue, some of which was the testing equipment, addressed by PB on the interview. 

Sometimes, delays wrt approvals are symptoamatic of other contributory factors, which I believe may have been optimally resolved by what I call a pseudo_JV (with NGC's ability to push any progress along on the Trini rope).

Meaning this (counterintuitive possibly with the help of a new boardmember) move may have the effect of circumventing "roadblocks" to "links and nodes" on the pathway to the "wall of cash".


Proactive versus reactive? Today/tomorrow we might see a timeline adjustment(s) for Domus & others? BWDIK?

I like likes if you like "food for thought" e.g and I mean, not just doubles, buss up shut and pelau.

GLTAL - GLAP

Cheers
Stanley


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