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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 Jan 02, 2021 12:12am
287 Views
Post# 32208654

RE:RE:RE:RE:RE:RE:RE:RE:Pipeline

RE:RE:RE:RE:RE:RE:RE:RE:Pipeline Who knows how it will actually turn out in the end as I'm not sure even the company itself  know for sure at this point, but as I understands things they want to keep the area clear while the pipeline and surface are work being in progress. And with many things out of control of the company and it's plans maybe they will have to re-think and re-plan when it comes to timelines etc ?
But as for now I'm going for the no development wells on Chinook and Casca until after tied-in.
As for the big rig we don't know for how long it will be available after Royston but hopefully for a long time so that they can drill b2b on several more exploration wells, and I'm thinking/hoping on the 4-5 prospects along the same road as Royston as no additional road work will necessary there obviously once that road is finished end of Feb, and those are big juicy targets.

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