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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 smitloon Dec 03, 2021 12:05pm
185 Views
Post# 34195240

RE:News on Monday then ?

RE:News on Monday then ?Interesting speculation to say the least. Thinking this through a little bit if the lower zone tested at 15 bo per hour then what might this thicker, higher quality zone test at if oil - one could speculate many multiples of that number. The amount of tankage and or trucks to move this amount of oil could certainly cause some issues ie delays. Patiently waiting on news.

If oil I've also wondered what sort of spacing would be necessary for efficient drainage of these turbidite sand packages. Certainly can pack many more btu's in a given space with oil but gas has the advantage of much fewer wells which would be nice in a jungle type setting. Good problem to have. 
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