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

<< Previous

Bullboard Posts

Next >>

Post by smxmcx2on Dec 03, 2020 4:55pm

285 Views

Post# 32033332

Market Cap Question

Coho est 1500 boe per day = $500,000
Casc 1 est 4500 boe per day = $1,500,000
Casc 1 Deep est 4500 boe per day = $1,500,000
Chinook ? est 4500 boe per day = $1,500,000

Per year with first 4 wells = $60,000,000

Add 4 more Cascadur and Chinook Per year $72,000,000

Total = $132,000,000 per year.

So what are your estimated market cap values based on these estimates. I know that a lot depends on the resource assessments also. Specify CAN or US?

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale