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

Comment by daveinmarinca1on Oct 30, 2007 2:38am

469 Views

Post# 13714927

RE: New royalties

Seems to me royalties on THAI-CAPRI produced heavy oil or what I like to call THAI-CAPRI syncrude would be based on raw bitumin valuation....and the price differential between raw bitumin and THAI-CAPRI heavy oil would not be subject to the royalty....thereby significantly improving the netback for PBG over conventional oilsands production. What am I smoking here?

Bullboard Posts

A PGM mining stock with value written all over it