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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

Post by drunk@noonon Dec 18, 2020 10:43am
151 Views
Post# 32139646

goawiegth---I am happy with such a netback.

goawiegth---I am happy with such a netback. I never said I wasn't.. I pointed out that even with getting sub $3 mmcf for the gas we get a good roi. But others on the board yap about gas being more profitable than oil in trinaad. And they use Boe vs mmcf. Gas is cr@p compared to oil on a boe basis and therefore converting gas to boe is ridiculous. i.e if these were high flowing oil wells, the cost per barrel of oil would be sub 5. Thus in a 50 dollar oil enviorment, you are tlaking 45 dollar us netback vs 12 us for gas. 

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