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.

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Touchstone Exploration Inc > New Press Release - Touchstone Provides Cascadura Production Update

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Comment by Margin321on Sep 25, 2023 9:25am

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Post# 35651886

RE:RE:RE:RE:New Press Release - Touchstone Provides Cascadura Production Update

It is not fixed. It sells at a discout to oil but there are varying degrees of taxation based on selling price that tend to level out the return somewaht.

AS conservative guess might be profits of $15-20 per barrel. So 1400 barrels per day would bring in 21 k- 28 k per day or $630,000 - $840,000 per month.

Total profits per month are expected to be about $4,666,000 so most of the mney is coming from sales of gas through the pay meter to the NGC.

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