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 > truth eventually comes out. The resevior isn't acting as

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Comment by matt2018on May 15, 2024 9:21am

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Post# 36040787

RE:RE:RE:truth eventually comes out. The resevior isn't acting as

Of course the guidance given in December does not include the TRIN assets.
Just trying to make a point, its currently going in the opposite direction.
They are making the statement in the report.....
"we currently forecast to maintain our preliminary 2024 guidance announced on December 19, 2023".

Production growth - our 2024 mid-point annual average production guidance of 9,400 boe/d represents an approximate 135 percent increase from our forecasted 2023 average production, with a budgeted exit average production rate of 14,500 boe/d.

EquityHawk wrote: It can't include the TRIN assets until the deal is complete. I think they're counting on those two new wells on C to have very good initial flow rates.

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