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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 Davidblackgreenon Jan 03, 2021 4:04pm
267 Views
Post# 32212167

RE:RE:RE:RE:RE:RE:Why is the head honcho only talking about 5-600 billioncf's

RE:RE:RE:RE:RE:RE:Why is the head honcho only talking about 5-600 billioncf's

Not sure what the fair value of this but I think pencilling in the $5 that Hydra have flagged doesn't sound unreasonable?
 

So with the stock at less than 50% of that Hydra $5 number talking up the prospects of Royston, Cascadura Deep or Chinook connecting is only likely to raise that $5 to say $8 or $10.

That would simply widen the discount assuming the stock went to say $3? From 50%+ discount to a 60%+ discount.

So maybe not being too aggressive with the future gas volumes is important so as to protect TXP from a cheap bid?

Now on the other hand promoting like hell and raising that current $2.20 share price to say $3.20 and cutting that discount? Well that sounds like a great idea!

Oh and as to upsides through the drill?


Royston spuds in 100 days or less.

Not long.

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