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 trivelaon Oct 29, 2014 7:27am

128 Views

Post# 23071179

RE:RE:RE:RE:Update

MJH,

According to the August 14 release, in July the company produced 1,795 BPD per day in Trinidad. The latest release, October 23, states that Trinidad produced 1,980 BPD in September, for a 195 BOPD gain.

For the combined company (Trinida and Canada): July, 2,340 BPD; September, 2,293 BPD, for a decline of 47 BPD attributable to the Canadian operations.

Difficult to see how they will get to 3,000 BPD anytime soon. The company has potential? Probably. But is is not a bargain by any means.

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