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 > gas is sold @ $2.50ish

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Comment by Margin321on Sep 27, 2021 12:58pm

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RE:RE:RE:gas is sold @ $2.50ish

Do they sell it for a fixed price for three years to Indiana electric? Then they pay a toll to Enbridge. How is that different than selling to NGC for a fixed price that covers both. I know how it works with some of the companies in North Dakota and they do not typically find the end users. Some of the midstream companies have significant marketing divisions. They act as aggregators and resellers. I am not disputing any of your comments, just realizing that I don't understand all the details and I want to learn more.

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