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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 06, 2020 10:33am
90 Views
Post# 30521746

RE:RE:RE:RE:RE:RE:RE:North Energy selling shares

RE:RE:RE:RE:RE:RE:RE:North Energy selling sharesthanks for the timeline Chreca..... i believe they may have to go the PP option.
They likely can go to the present lender and get another 5M to10M tops but they may increse that production payment clause from 1.33%.
Difficult to move to more traditional bank lenders as many have announced no new lending to companies in this industry.
I am sure they are assessing all their financing options.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities