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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
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Post by stanleyon Sep 14, 2023 7:32am
260 Views
Post# 35635397

Touchstone Delivers First Gas to NGC - Press Release

Touchstone Delivers First Gas to NGC - Press Release
Lurk & Learns:

Sometimes the impatient may not fully comprehend the true/full impact of what constitutes the elements that drive a PPS rerating. In TXP's case, it is sometimes the time taken to attain certain production rates. Point being we are a stage where the "morocoys" are in a conundrum with the rabbits. i.e. the sprint vs a marathon debate.

As restated by Pro & others at this stage of the rerating process there will inevitably be the push/pull of the time immorial traders versus the long term investors. And as previously mentioned, the long term investor will only "take the plunge" based on GAAP quarterly EPS as many entities have guidelines that constrict their purchases. 

Touchstone Delivers First Gas to NGC - Press Release

BWDIK? 

GLTAL GLAP Caveat Emptor
Cheers
Stanley
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