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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 Margin321on Jun 10, 2021 1:02pm
123 Views
Post# 33363207

RE:New licenses............

RE:New licenses............
Interesting for sure.  However Paul has made it clear that thy think that Ortoire block has higher potential than adjacent areas.

That said the deeper structures under the legacy assets further west have some exploration potential. Unlike Ortoire, the licenses there are scattered and relatively smal. Would love to see if they could put together some bigger blocks contiguous to some of their legacy blocks that would facilitate exploration of some potential deeper structures that they may have knowledge of.  That western legacy areas may well be in the fairway of turbitie sands that spreads across the ortoire block in such promising (and now proven) fashion. 
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