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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 03, 2020 10:58am
129 Views
Post# 30515097

RE:RE:RE:RE:RE:RE:RE:Raising cash on LSE

RE:RE:RE:RE:RE:RE:RE:Raising cash on LSEChreca..... Investors love the initial results of these wells but i believe you have 2 types of sellers presently.
Those taking profits, as in last 5 years many accumulated in the teens and low 20's and/or  those that believe they will do a placement and may be able to buy back in cheaper than current stock price.
The last placement was quite dillutive and didnt net very much cash.
This time I believe it will be different.
These new developements can set the company up for a possible takeover amid potenetially meaningful free cash flow.


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities