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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 > Interview with Paul in the papers....
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Comment by Davidblackgreenon Dec 27, 2020 2:22pm
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Post# 32185548

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interview with Paul in the papers....

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interview with Paul in the papers....

The issue became for LOL after those two previous deep wells, "Do they want and can they afford to spend $1m on seismic and $5m on a drill"?

If it came in with oil or gas then no problem but if it didn't what then?

Would they be essentially a zombie company or worse bankrupt with TXP or an other picking up the whole thing for cents on the dollar?

So here is a mad thought from an ex auditor, who according to my ex boss need to ask mad questions.

When you go back to the seismic map TXP are clearly shooting seismic on LOL ground.

So has a deal already been agreed in principle? 

Obviously a silly idea! Or maybe not as that ex boss used to say.

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