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).

TSX:TXP - Post by User

Touchstone Exploration Inc

Bullboard Posts

Comment by jmcoilon Jun 15, 2006 9:54am

434 Views

Post# 10992603

RE: ? about spin off

I'll listen to the CAPP resentation again but my understandng is the IPO will be used to raise funds for drilling. PBG will keep the remainder of the shares in Petrominerales with the thought of spinning them out to shareholders. With the total number of shares they keep being obout one share for every PBG share.

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale