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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
Comment by mike49on Feb 08, 2020 7:21pm
110 Views
Post# 30663234

RE:RE:Value of 29.9MMCF/day

RE:RE:Value of 29.9MMCF/dayBig boys who own the platform need a set amount of feedstock to satisfy lng obligations. They just made a new deal with gov. The platform is required for certain supply to be compressed and shipped,both onshore and off.  After contracts, the market is what the market is and overseas lng not looking pretty right now.good excuse to push Venezuela out but geographical neighbors don't just move.
A good market for gas in domestic but the industry that burns it needs to modernise and rationalise 
A very good well but don't kid yourself- no sales off that for at least a year and the machinations are just starting.

Bullboard Posts