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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 > Why has TXP gone up ~30% since early June?
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Comment by Buzzomaticon Jul 19, 2023 3:29pm
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Post# 35548566

RE:RE:Why has TXP gone up ~30% since early June?

RE:RE:Why has TXP gone up ~30% since early June?Ok, people are assuming it will be better than expected? Or investors finally creaming themselves over cashflow? 

"The average flowback rate during the extended 24-hour test period was approximately 4,262 boe/d, including 22.9 MMcf/d of natural gas and 449 bbls/d of NGLs." Seems ok, this well probably cost like $20-30MM you can get wells like that easily onshore in North America for like $5-7MM..
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