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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 Utkant123on Dec 23, 2020 3:40am
144 Views
Post# 32167420

RE:Explains the recent weakness.....Options taken and sold.....

RE:Explains the recent weakness.....Options taken and sold.....It could be a requirement for them to sell if they were in an insider information position at the moment. If they held on to the shares it wiuld classify as a insider buy and that would be illegal if they had inside information not known to the market. But also if the options expire they had to exercise... Therefore exercise and sell as a requirement to not be in an awkward position... 
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