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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 Chreca1on Mar 26, 2021 8:49am
156 Views
Post# 32884856

RE:Important positives

RE:Important positives

And a nice difference to the big entities out there hunting large gas is that TXP is onshore, all the really large wildcat gas drills these days are offshore.
1tcf+ kind of wells onshore (Royston and  siblings) very rare these days, and in an already proven basin.
Then add 80%WI etc and  TXP is a rare beast in other words, where else can you invest in a small cap with these upcoming multiple big targets ?And with a great backstop already in place, please enlighten me if any other TXPs out there !

 

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