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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 matt2018on Feb 19, 2020 10:22pm
93 Views
Post# 30711137

RE:RE:RE:Perspective

RE:RE:RE:PerspectiveGoaweigh..... agreed, we need to move on to the bigger picture that is unfolding and that will be the focus going forward, but as shareholders we should also expect the company to live within their means and do a better job to control costs.
For 2018 revenue after royalties was only $35.8M, but you had the 3 principals running the company pulling in an average compenstation package of $500G/yr and 6 directors compensation from $54G to $84G/yr (why do you need 6 for such a small operation?).
2019 is tracking for even less revenue with lower price of oil than 2018.
That's one of the reasons we need to keep raising money.

my opinion only




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Bullboard Posts