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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Comment by Dirtythirtyon Jan 03, 2012 9:24pm

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Post# 19367462

RE: pbg 300 million discount

what gives ??

Wondering the same thing here, only thing I can come up with is the market is pricing in a huge dilution with the debenture in 2013. But PBN with around $1 billion in cash flow in 2012 should have little trouble meeting all its commitments with their flexibility, being the DRIP program, flexible capital program, renogiating debenture, or more bank debt.

THAI has also hurt but not much oil needed to be economical.

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