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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 stevemeisteron Apr 16, 2020 11:27am
99 Views
Post# 30916507

RE:What I like here is no debt repayment until Jan 2021/Sauds

RE:What I like here is no debt repayment until Jan 2021/SaudsBuying. Out with the old money in with the new. 

'And fully funded for drilling several exploration targets. Their amended credit facility does not require the commencement of principal payments until January 1, 2021. Comparing to others not much debt. Coho additional production should be online then generating additional revenue.
 
 As I said before look further ahead and take advantage. I have been trading since the 1980’s when working for brokerage firms seen many downfalls and recoveries.
 
I’ll give you a hint about Saudi Arabia. Their fields are slowing drying up and that is why they are trying to diversify away from oil, Watch the Sauds reverse their policy soon. I’m still buying here."
Bullboard Posts