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 Jun 21, 2007 10:25am

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Post# 12977388

Yahoo''s Price Targets for PBG Have Increased

On Yahoo the mean price target for PBG is now $30.43, the high target is $40.00, the low is $22.00 and the median is $31.00 for whatever this is worth. At least the targets are moving up. Oil is moving up on the Nigerian oil workers strike which should help PBG. I wonder if $27.00 will become the new level of support, since it was the previous high prior to this recent move up, establishing a new trading range?

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