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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
Post by jewel1on Nov 23, 2007 12:50pm
348 Views
Post# 13857950

Deal With Peerless Energy

Deal With Peerless EnergyI think that this is a very good deal from a PBG perspective and a poor one from the perspective of PRY.A shareholders(although very good for PRY.B shareholders, who are probably mainly management). I wonder is PBG's share price will be higher on Mon. when the U.S. investors are all back and when the deal has been analyzed/appreciated? It may not be a done deal as it may not be ratified by the requisite number of Peerless shareholders as is. It will be interesting to see how it plays out.
Bullboard Posts