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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

Post by drunk@noonon Dec 07, 2021 7:57pm
201 Views
Post# 34208655

dreamwreaker:the color of your emoji explains alot

dreamwreaker:the color of your emoji explains alotabout you. Me thinks most of your income comes from a welfare check or a token gov't job rather than making money in the stock market. My use of 5000 bodp oil well compares a 50 dollar plus netback per BO vs comparive nat gas boe at a 15 dollar netback, illustrating  that 5000 bopd oil produces same cashflow at 90-1000 mmcf/d of nat gas. It had nothing to do with the flow rate of the liguids from the test well. Given the ariel extent  of the royston structure and talk by the CEO  of a massive field and mulitple producing wells 5000 bopds plus is highly likely We will see.

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