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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 droid8805on Jan 15, 2008 8:04pm
695 Views
Post# 14208723

Glenn MacNeill Market Call Tonight

Glenn MacNeill Market Call TonightI asked Glenn about the H2S incinerator and he didnt think the sour gas problem was a big deal. He did convey some concern about burnthrough of the reservoir but was still quite positive on our prospects. I am somewhat surprised at the selloff on the Corcel 3 news. The well appears to be a producer from at least two zones and the discovery of  a new deeper zone of sands in the uneconomic? (must have been a typo) basement is intriguing. I also like the fact that they believe this new zone may be accessed by deepening the Corcel 1 and 2 holes. The technical diffculty experienced with the deviation of Corcel 3 seemed overshadowed the promise of the other zones. It will be very interesting to see what Corcel C pulls up once all the knowledge gained on Corcel 3 is put to good use. The Bakken unit is a home run. Can`t wait to close the Peerless transaction and start riding that cash cow to the bank.
Bullboard Posts

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