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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

Post by Proseleneson Jun 08, 2021 1:48am
231 Views
Post# 33346042

Pipelines,,,,,,,,,,

Pipelines,,,,,,,,,,
Thanks to domus for some info.

Seems the NGC pipeline to connect Cascadura does not need an EIA.....its only the liquids line from Cascadura down that needs the EIA approvel.

So hopefully the NGC can start laying the Cascadura pipeline in once the State of Emergency is over, hopefully in early July.

Makes it more likely see production around year end if thats the case.

I do believe in the first instance liquids from Cascadura will be trucked, with the pipeline being in place later on in 2022.

This is quicker and also more cost effective, no up front cost to TXP laying in a liquids pipeline until they are flush with cash later in 2022....better just to truck it from site to start with, yes it means less profit per barrel for the liquids but saves a massive amount of money on the liquids pipeline - which is of course TXP cost as the NGC only pays for the gas pipelines.
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