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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Post by jewel1on Apr 12, 2007 10:16am

246 Views

Post# 12592614

Oil is Up and PBG is Down

Other oil stocks, including OPC, are up today, and PBG is down. Why do you think that this is? Do you think that the mkt. doesn't think that PBG is worth more than this at this time? I have heard price targets of $40.00, $50.00 and more from fund managers on B.N.S., but do you think that its unrealistic to expect PBG to continue rising to towards these goals at this time? What is a realistic price target for now?

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