Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by lamajblon Nov 23, 2007 10:06am
350 Views
Post# 13856500

Works for me

Works for meThe Acquisition is expected to be accretive to Petrobank shareholders on a production, cash flow and reserves basis and is adding current production of approximately 4,250 boepd, weighted 64% to light oil and 36% to natural gas. During 2007, Peerless undertook an intensive capital program, focused primarily on the Bakken. Approximately 1,900 bopd of Peerless' current production is Bakken light oil strategically located within Petrobank's core properties in southeast Saskatchewan. High commodity prices for light oil, the Saskatchewan royalty regime, and relatively low operating costs all contribute to the very attractive, high netbacks for Bakken light oil. Petrobank's Bakken light oil operating netback during the third quarter of 2007 was $66.75 per barrel. Reserves for the acquired properties will be evaluated by Petrobank's independent reserves evaluator at year end.
Bullboard Posts