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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

Comment by Chreca1on Nov 28, 2020 12:16am
194 Views
Post# 31993762

RE:Today

RE:TodayA 10% correction was exactly what this SP needed and perfectly timed with a few weeks still until all the major news will start coming in unless the NGC deal comes out first of course.
It was my first thought that the Guardian article sounded suspiciously propagandistic in it's tone and this is not the first article on the T&T energy sector they have done their utmost in scolding, they are enemies to the present regime so take it for what it is a propaganda fearmongering piece.
Anyone thinking a distressed customer to the NCG would jeopardize the enrichment the Ortoire block will bring  to T&T and TXP does not understand the fundamentals and/or the importance of these discovered onshore gas fields.
Today's sellers are now replaced by stronger hands and that exactly is as it should be.


 
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