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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 Chreca1on Mar 29, 2020 12:42am
337 Views
Post# 30857025

RE:RE:RE:Completing Commitment on Ortoire

RE:RE:RE:Completing Commitment on OrtoireFrom what I heard there is no risk of losing the license even if they fail to spud two additional wells prior to Nov 1st, T&T will grant an extension of the license if needed. Though for now it seems they will spud on time.

Yeah, if POE was high/risk high/reward, TXP is I believe low risk/high reward, now I`m not saying there is no risk here or anything but compared to POE`s Anggun-1X it is low risk no doubt. Some will win and some will loose just part of the game, though unfortunately I waited 7 years for that Anggun dud and that really sucks. LOL

Needless to say I wish you all the best with your TXP investment going forward !



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