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).

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Touchstone Exploration Inc > Thoughts on TXP from a wet and windy Saturday England

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Comment by Davidblackgreenon Nov 14, 2020 11:58am

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Post# 31901290

RE:RE:Thoughts on TXP from a wet and windy Saturday England

Once the deal with the NGC or Another the is done
they clearly have development drilling on all three discoveries to date. That would keep the rig busy for 12 months by which time TXP may have a few more targets. The more interesting question is just how much bandwidth do they have? If the Cascadura Deep comes in seriously they may well simply ignore the existing oil producers beyond work overs because they need the staff fir the exploration and development work.

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