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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

Post by drunk@noonon Oct 03, 2023 8:30am
164 Views
Post# 35666391

trouble is D bag management has change the story.

trouble is D bag management has change the story.For years they talked about punching 4-5 wells into casc and producing 200mcf. That's of course 33,000 boepd using the 6 to 1 gas to oil ratio. Now they are talking about a long term 5 year goal hoping to get to 30,000 range of production. These is troubling, considering managements lack of credibiltyrack. . I have been a shareholder for 4-5 years and am of course hoping for success,  so,  don't start yapping about me bashing when I am stating the facts.
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