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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
Comment by Malahaton Mar 17, 2008 2:09pm
624 Views
Post# 14734508

RE: Today''''s presentation at First Energy

RE: Today''''s presentation at First EnergyThe sound quality of the First Energy webcast is poor due to a persistant loud hum, but there was an interesting bit of news. In an effort to test CAPRI as soon as possible, Petrobank is going to replace one of the horizontal production legs in the original Whitesands test with a new horizontal well with a better sand filter and CAPRI technology. They say they can do this as remedial work under to original pilot permit. The producer they are replacing is the worst sand producer, responsible for more than half of the produced sand. I'm again very impresssed with management's problem solving skills; it helps solve the sand problem by testing new screens and gets on with the CAPRI testing as quickly as possible, in spite of regulatory backlogs. Good work management!
Bullboard Posts