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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

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

Bullboard Posts
Comment by jmcoilon Nov 15, 2006 1:45pm
338 Views
Post# 11686287

RE: edmonton Journal Article

RE: edmonton Journal ArticleThanks for posting that article. It at least gets the message out. I think it is clear from the drop in price that some of the investors in this stock either can't read or don't understand their investment. By the end of the 4th quarter it is likely conventional production will be 50% higher than this quarter.They have 1500 boe behind pipe awaiting tie in and have said the Bakken play will add significant production so it seems like it should be quite easy to add 2500 boe/day by the end of the 4th quarter. Also the should be air injecting and likely producing from 2 THAI well pairs as I think it will be a lot quicker on the 2nd well pair with less steam. And the 3rd should be on PIHC. It also seems likely they will have started building the 10,000 boe production site. All in all should be a very interesting quarter.
Bullboard Posts