Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. 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. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).

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Touchstone Exploration Inc

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Comment by jmcoilon Jun 14, 2006 7:39pm

398 Views

Post# 10990718

RE: CAPP PBG Webcast

Well I did get it to work finally.And sorry 1observer I thanked itobo for summarizing and it was you. Obviously as a long I am biased but I was very impressed with the presentaion. Columbia 10000 boe/day within 48 mos and a spin out to existing shareholders.Very high cashflow numbers as a result of the fiscal regime and huge land position there. Intersesting they felt a similiar land position in Canada would cost $500 million. Thai testing by the end of June but no specific date so I guess could be anytime. And insiders actually control 20% on a fully diluted basis. That should be a pretty good pension plan.Lots more details in the presentaion. Definately worth a listen

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