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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 Jan 07, 2022 11:42am
159 Views
Post# 34293084

RE:RE:Final ? Shakeout of Weak Hands/Knees b4 ~Jan 20th Whipsaw?.

RE:RE:Final ? Shakeout of Weak Hands/Knees b4 ~Jan 20th Whipsaw?.Thanks Stanley. Guess this adds some clarity as to how Royston could be considered a negative to the value of this company based on the reduction in market cap since announcement of the discovery. Even if you give zero value to the two overthrust sheets you have the intermediate which was tested well off the high of that interval giving you plenty of running room up structure.You also now have the sub thrust as potential in the Royston Deep as well. Not sure how all of that could be considered a negative to total asset value. Then also let's see how an optimized long term test of the overthrust performs. Looking forward to some positive news flow.
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