Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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

Touchstone Exploration Inc > Reserve Value

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Comment by Bully1985on Mar 11, 2021 2:25am

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Post# 32770030

RE:RE:RE:RE:Reserve Value

Given TXP have almost zero debt and zero CAPEX costs the value of the gas is a fair representation of its market value minus discount for NPV.

you're basically valuing 100mmboe at 40cent a barrel and you calll me nuts. Despite the fact they have a contract which guarantees around $14.5 per barrel

I have some bad news for you - if you genuine think 100mmobe worth $40mil then AAV reserves of 466mmboe have a market value of around $180million - less than the debt you owe

sad little troll

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