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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 07, 2021 11:46am
196 Views
Post# 34206553

RE:Link to Interview

RE:Link to InterviewAwesome - thanks!

Not quite the detail I was looking for but very helpful. Seems optimistic on test 3 due to it being higher up the column. Sounds like we should expect the extended test (if test 3 succesful) and a aggressive development campaign at Royston in 2022. Extended test can help cash flow immediately (Flaring obviously allowed while testing)

Fingers crossed test 3 is a winner - if so the story may have changed but impact has not due to size of structure(s). Still seems very upbeat.

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