Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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

Touchstone Exploration Inc > I get the impression many are trapped in the stock?

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Post by auburn2on Feb 22, 2022 4:04pm

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Post# 34451542

I get the impression many are trapped in the stock?

Not sure the valuation is all that compelling given the weak state of the finances. I could see a current fair market cap being about C$170 million, or around 80 cents. The current froth seems related to exploration excitement that tends to overvalue these companies as retail piles in looking for fast and quick gains (hence all the retail currently trapped in the stock).

Agreed all thoe small wells to produce Royston will be costly.

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