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).

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Touchstone Exploration Inc

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Post by ArnoldSniffleon Nov 22, 2010 9:11pm

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Post# 17742633

PBG Value after PMG spinout

Folks, I'm just trying to get a handle on how PBG might be valued after the PMG spinout. I've provided an example below with nice round pre spinout numbers--1,000 PBG shares at $40 per share, PMG value of $30/share--and assumed no impact, up or down, of the spinout (hoping of course there will be a positive impact). If I've missed the boat here I'd appreciate if someone would let me know. Thanks, Arnold 1,000 PMG shares at $40/share = $40,000 1,000*.62 = 620 New Petrominerales shares. At $30/share = $18,600. Residual PBG value = $40,000-$18,600 = $21,400, or $21.40/share

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