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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 stanleyon Nov 09, 2021 5:58am
193 Views
Post# 34103486

RE:Thanks for Your Patience - In Preparation for Boarding....!

RE:Thanks for Your Patience - In Preparation for Boarding....!Lurk and Learns:

RE:James Shipka, Chief Operating Officer, commented:

"We are very pleased with this oil discovery in the deepest sheet of the Herrera Formation, which demonstrates why we design our exploration wells to investigate prospects that lie beyond depths drilled by previous wells.

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Meaning looking foward to see if that "mantra" is replicated/applied for at least one(1) of the targets on the Western Legacy Lands.

The word "promotional" is sometimes used when a drill hole is terminated (potential) "in HC pay". A plethora of explanations may include it was the "depth limit of their permit"; or other (distractive) explanations be it deliberate or unintentional.

Now a curious point (re the four hole mandate) in the Western Legacy Lands discussion (apparently) changed (to Coora) from Forest Reserve & Fyzabad Lands once new SEISMIC  became available.

The recent satellite APPS are excellent tools with which to observe the many potential pads from which to "
to investigate prospects that lie beyond depths drilled by previous wells."

BWDIK? Strategic "announcements" have been around from the early days of PR; meaning the target audience (short(s) and/or purloiners might be having to don (or SQUEEZE into) their heat resistant Hazmat Suits.


GLTAL - GLAP - Caveat Emptor

Cheers
Stanley


 

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