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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 stanleyon Jul 18, 2020 9:38am
94 Views
Post# 31284645

RE:at a snail's pace

RE:at a snail's pace
Chreca1:

OK...let's revisit the deliverables:

1. Coho pipeline tie in...Q3 (say October)

2. Pool boundaries sometime in July 2020

3. Chinook spudding... July... August ... September?

4. Chinook results.. ~ two(2) + weeks  after #3 above.

Let me restate my points wrt the possible delays wrt Chinook.

a. There is no question that the technical expert is resident within the 1,864 square miles under discussion.

b. I speculate that the loyalty question, i.e. letting the mongoose into the "chicken coob" could be one possible reason for not dipping into the local talent pool.

c. The lockdown is still in effect, with only a seclect (pre-screened) group, going to two weeks of state isolation at the Caura quarantee facility, being allowed.

d. TT's re-start is well underway, with the US "situation" being of extreme concern, for the longer term economic prosperity.

e. TXP's onshore gas bohemoth(?)  will eventually contribute to TT's GDP in a waning gas supply scenario.

Thus, high (unrealistic) expectations, IMHO, based on local feedback, does not even come close to considering all the contributary factors, exaberated (sp) in a PANDEMIC of GLOBAL proportions.

BWDIK?? Guess who wanted to put a casino "down the islands" in an abandoned leper colony??

GLTAL-GLAP
Stanley
Bullboard Posts