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 > New Press Release - Touchstone Exploration Announces Acquisition of Trinity Exploration and Production Plc

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Comment by filefishon May 11, 2024 6:20pm

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Post# 36035475

RE:RE:RE:New Press Release - Touchstone Exploration Announces Acquisition of Trinity Exploration and Production Plc

Matt, I agree with your assessment. In this case bigger is better as they make themselves even more important in a small country like Trinidad. Ecomomies of scale and plenty of oil drilling opportunities. Paul Baay knows what he's doing. As long as the government stays accomodative to O&G, TXP should be a good long term holding. Comments after the Q1 report and new presentation will be interesting.

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