Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Nov 09, 2020 6:55am
140 Views
Post# 31861022

RE:The Trini Perspective wrt Recent TXP Discussions on disBoard

RE:The Trini Perspective wrt Recent TXP Discussions on disBoard
Lurk & Learns:

In investing/speculating there are a plethora of risks that have to be studied and understood; before duting and after making a decision to (for the retail investor) buy....or even take over( for a macotious major).

Recently, the (risk) of (over) exuburance starting to emerge from the UK boards...caveat emptor (Latin for buyer beware) has made it's way to this board.

Step one of a DD can be met to a high degree of probability/certainty. i.e. I can confirm the high probability that a projection for the Ortoire block came from the person being cited is we look at his posting history, beyond the one posted earlier:

Facebook Link to a TT ... O & G Icon.

Step two..... what is missing from the link that made it's way to this board is a time frame and "terms of reference" ... meaning we may not live to see the exploration, discovery & production even if it is up to (luckily for the Mayaro residents) the Cedar Grove. This places unrealistic expectations on PB an their group doing their cautious work in a pandemic. I wonder if these folks have any idea of the terrain, seasons, political environment, etc, that TXP has to contend with?

Point being, I have met this gentleman..at a time when he was (as I recall) looking to test the O potential of the foothills (on the southern flank.... for the Maracas/Las Cuevas lovers) of the Northern Range.

Meaning for those of us familiar with the nature of the Trinity Hills...Moruga Forest...it is NOT as easy as the (Canadian) praries with the "luxury" of winter access. e.g. In Brazil, they have a way of dealing with similar vegetation (massive forests) that WILL be a non starter with Trinis with surface rights. 

CAVEAT EMPTOR...when someone uses a TT O & G icon to justify an aspirational target, i.e. does not put a (blue sky) projection into its proper perspective, Lurk & Learns MUST think promotional; otherwise, we MUST question their use (or lack of use) of the DYODD qualifier.

Lurk & Learns: Expectations on a faceless board, MUST be accompanied by a time frame and if none is stated (or obvious)....assume infinity...and not the one made by Nissan.

We owe this much to (now retired artist..) KMP & Paul B.


BWDIK?
GLTAL-GLAP
Cheers
Stanley
Bullboard Posts