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 > TXP Still an Investor Space for Speculators not Value Adders

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Comment by Davidblackgreenon Jan 29, 2021 3:22pm

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Post# 32422588

RE:RE:RE:RE:RE:RE:TXP Still an Investor Space for Speculators not Value Adders

Why the question Re oil?

Well if Royston is potentially the same value as Cascadura and Chinook?

C&C are as gas plays currently worth $2.50 per mcf according to the market and that post gas tax works out to be around around $13 a barrel equivalent.

At $50 oil I believe that's worth to TXP $25, post oil taxes, from previous PB comments.

So should Royston come in as oil it's possibly worth an extra 90% on top of a gas find.

So if Cascadura/Chinook is worth $2.60 pre test them would an oil Royston add in say another $4+ on top?

Who knows but given their track record on guessing whether something is oil or gas don't bet against it turning out to be a liquid.

Now off to do something useful!