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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 stanleyon Apr 16, 2024 6:35am
150 Views
Post# 35990945

Videos of the Chairman of NGC + InDepth of 2023 & Beyond

Videos of the Chairman of NGC + InDepth of 2023 & Beyond
Lurk & Learns:

Sometimes it is helpful to learn who/what TXP is dealing with (The National Gas Company,NGC, of Trinidad & Tobago) as a buyer of 100% Coho & Cascudura gas production; especially as;

One key "deliverable" by TXP (on behalf of shareholders) is an enhanced/renegotiated gas pricing (basket) structure from the NGC. In addition, 

Recall the NGC is tasked with connecting all of TXP's production.

Methanex restart of one plant coincides with Cascadura's expansion vis a vis TXP's 2024 exit FORECAST. Hence as foward looking Lurk & Learns eagerly anticipact this "TXP Turnaround" (recall TSN Turning Point??), as manifested by increasing (Q2 & Q3) GAAP inspired quarterly EPS.

While others might want you believe that third world politics (despite "anti-bobol" Red House Parlimentry legislated deterrents in Trinidad & Tobago and ask Jody Wilson Raybolt about her stand against/about SNC Lavalin and ex PM Stephen Harper's Canada's equivalent) is hindering TXP's rate of progress in T & T, we might want to get a feel for how T & T (gas focus ) has evolved to world class over the past ~ FIFTY years.... "gears not flares"... means Trini's made a major step to energy independence by repurposing gas that was previously flared to (say, first instance) T&TEC power generation at Penal.

The National Gas Company of Trinidad & Tobago

Trinidad's Oil & Gas Economy 2023 and Beyond

The cornerstone of NGC's mandate might surprise some of the (faceless and self-serving) detractors without any T&T O&G experience.

Meaning after 15 years PB might be more familiar with who he is dealing with as opposed to the "low life" who think that they can do better.

BWDIK?

GLTAL GLAP Caveat Emptor
Cheers
Stanley
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