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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 Goaweighon Jan 05, 2021 12:10pm
256 Views
Post# 32224107

RE:RE:The last Independent reserves evaluation was as of

RE:RE:The last Independent reserves evaluation was as of I'll take March or April over June no problem. Now what happens when we hit 700 feet of pay at Royston and it flows, would GLJ update the probable or proven to include that hit relatively quickly or would they do an update later on, in conjunction with our year end, December for instance ?



Taffypalmer2014 wrote: As far as the year end reserve report goes, I think that the 2 C's will only be assigned probable reserves for now, not proven yet until after they are tested. Thats OK though, the probable reserves will quickly be assigned proven by the market as soon as the test results come out later in Jan., Feb. and then a GLJ update will follow sometime in March or April.




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