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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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(28)
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Post by stanleyon Nov 09, 2020 2:57pm
158 Views
Post# 31864435

Bottom Fishing - 101

Bottom Fishing - 101
Lurk & Learns:

TXP (O & G) despite today bounce off the (DJT) induced POG near term bottom; have the example of an "sell-off" followed by the gold "longs" doing some serious bottom fishing.

A Gold Bottom Fishers Dream Chart?

Now TXP just had "an offering"; the bottom fishers had to be agile. Sell on the top resistance (say $1.95), short and cover (say $1.65), NOT a passtime for Lurk and Lurns; but some mothers do have em... shorters that is.

Furthermore:

Starting with Coho:

1. How long did it take to drill? X feet/meters.

2. Cascadura, Chinook 1, Cascadura Deep (projected)

3. Say 10 straws they mentioned....then extrapolate.

4. Now go back and look at a (aerial) link that I posted where the Express showed a land based plant on Galeota Point. Evaluate "stranded investment" potential c\w timing. Including short term dissappointments (re gas finds).

5. Now which major could be taking TXP drillers (without GPS trachers on their cell phones) to the "Linger Longer"? "Just to talk" (aka lime).

7. After you revisit your NDC's 101 folder; let your imagination run wild...JV, full BO, think back calculation and NPV using a Cedar Grove cut-off as #21.

8. Criptic for a reason...a Trini could decode a possible "padner" that could help to isolate TXP's lottery ticket from the "arbyiers". Listen for clues in Sparrow's "Congo Man". LOL.

9. Then you "float" the (upside) potential for the turbidite fairway's existance in the Legacy Assets. See details in SEDAR files.

BWDIK?

GLTAL-GLAP
Cheers
Stanley

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