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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 Riotacton Feb 27, 2012 3:26pm
266 Views
Post# 19593165

1st Quarter results due Feb 28

1st Quarter results due Feb 28

(at least that was the date they were released in 2011)

Management must get its act together as  last year's fiscal results as at Sept 30/11 showed a 3.3 million loss or 6 cents per share.  First Energy put out a buy recommendation last July on TAB with a 12 mont target of 80 cents and a projected net profit for fiscal 2012 of 8.6 million.

So this year's first quater results will (hopefull) be profitable.

Bullboard Posts