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).

TSX:TXP - Post by User

Touchstone Exploration Inc

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Comment by ArnoldSniffleon Nov 03, 2010 11:34pm

405 Views

Post# 17655031

RE: RE: Petrobank and Petrominerales Announce Spin

If PMG is trading above $28, it would be a gain of over $17,000 on 1,000 shares, no? Sweet! Why aren't more investors snapping up PBG shares? Cheers, Arnold ----------Original Message Posted 11/3/2010 9:52:56 AM---------- Exactly so.

The market currently values the heavy oil assets and operations at about $2.50 per share.
This, of course is rediculous.

With the divvy of 0.62 PMG share, I see a near-term gain of about $12000 per 1000 share investment.
Longer-term.....1 to 2 years, ..that gain could easily be tripled or more...

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