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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 presto10on Apr 21, 2007 10:29am
302 Views
Post# 12651507

RE: financing

RE: financingYes convertible debs provide the buyer that opportunity, like warrants. I confess to have been swayed by postings on this board regarding the integrity of management, generally. Naturally then I'm sure mgt considered all options and went with their best decision. The main thing to me is that this financing for a significant amount of cash is one more indication of the increasing probabilities of success. I'd been following this co. since $3 but didn't get in until $8 and made the mistake of selling some on the way up. I was very glad for the opportunity to finally help right those errors on Friday. I personally think that we'll see close to a 10% bump in the stock price next week (assuming no market sell off, which I don't expect), which woud be equivalent to several years' return on the convertible debs!
Bullboard Posts