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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 Feb 01, 2021 6:57pm
184 Views
Post# 32441744

RE:Wow bids not even reaching market

RE:Wow bids not even reaching market

The testing is possibly 6 weeks behind expectations. But that was the previously maxed out testing equipment initially used on the first Cascadura well.

This time they need the full picture for production planning and that required much bigger kit as the real question post the NGC gas sales deal is "Do they need one 10 inch pipe, something bigger or a pair of 10 inch pipes?"

So when did that test equipment arrive at Chinook site?  We know they publically said commencing likely 1st of February but don't bet against it having turned up five or six days earlier! 

So first results may come unexpectedly early or maybe not? Hopefully not as they make a decision to upsize? Hopefully possibly but each time they have looked Cascadura and Chinook seem to grow bigger.

Timing news here has just got a lot more interesting!

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