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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 stanleyon Jan 11, 2023 5:50am
133 Views
Post# 35215081

RE:RE:RE:RE:Very good swap deal.........Excellent news !

RE:RE:RE:RE:Very good swap deal.........Excellent news !
Lurk & Learns & Camille22

RE: How long before your 200p prediction can be expected?:

First,my apologies for the way that I cut and pasted the summary and conclusion(s) of Malcy's comment, in bullet format.

Some/other Touchstone boards do detail calculations up to and including a "contest" on Discord on EOY PPS.

However, in this specific instance, "touters" (e.g. Malcy in this instance) have a long history of not qualifing their PPS "prediction" with a timeline/timing.

The recent posting of a TXP chart with a comment on the MACD turning positive is/was an excellent addition to the exchange on this board. With a little bit of on elaboration would be of great interest to Lurk & Learns looking to increase/expand their understanding of the meaning of terms mentioned.

A re/visit of the Touchstone January Corporate Update is HIGHLY recommended as it gives a great pictorial summary of the Asset Swap. Betsy, Elsie and the rest of the 130 boe/d herd are possibly going to experience the vagaries of the "SCADA Squeeze". 

Thanks to Pro for his picture of the bid round summary and other pertinent information. Plus others e.g. Instutional Holdings. Does the name Ninepoint Partners ring a bell? 

Just goes to show that it is possible to  be a part of a faceless chat/board where sometimes personal attacks discourage new and/or potential shareowners.

BWDIK? An asset swap based Coho's 1200 boe/d PLUS Cascadura A (wells 1 & 2) being forecasted for Q1 with Cascadura B (4 wells) and C (another 4 wells) to follow. When will it take TXP to 200p (or $C 3,00), a wall of cash and ultimately dividends? And like a Brazil based "stable mate" issue a "stock buyback" NR?

GLTAL GLAP Caveat Emptor
Cheers
Stanley


 

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