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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 matt2018on Jan 02, 2020 2:07pm
76 Views
Post# 30511921

RE:RE:RE:Raising cash on LSE

RE:RE:RE:Raising cash on LSEmaybe a "friendly" takeover from larger player in the area with deeper pockets might be better option. 
Current TXP loan has % of production payment (along with a high int rate) tied into the loan agreement.
Perhaps an all stock deal where larger owner retires this loan early and invests in adding this new production to their already producing assets.
Quicker way to grow in that region than expensive drilling for new reserves?

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities