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.

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Touchstone Exploration Inc

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Post by Goaweighon Apr 04, 2021 11:29am

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Post# 32934996

What geological data do we have on the remaining 21 targets

We are certain that Royston is gas because of the Shell logs and I think we think Kraken is oil because of it's depth but what do we know about Steelhead or the other 20 ish prospects. The Island seems to be more oil rich than gas rich and considering our most recent revelation on Chinook how do we know those other targets aren't oil ?
The margins are now significantly better for oil so I now consider them to be 20 huge oil targets and my target price for the stock just tripled !
Prove me wrong !

Happy Easter

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