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

Bullboard Posts

Post by jewel1on Oct 18, 2007 12:44pm

356 Views

Post# 13596204

Re: Gerronimo''s Comments

Thanks for your suggestion to sell. I am not going to sell now if I didn't sell at the high. I was merely commenting on how on the one hand technical analysis seems to work, i.e. PBG does seem to have a pattern of retracing to its 20 DMA, but on the other hand I don't really trust T.A., which is why I am hesitant to base my decisions on it. Are others selling now, based on the premise that according to T.A. it is probably going to $40.00? It sounds like a paint by number kit, it would be so simple to make money if it actually works?

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