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 > Proof of Concept...vis a vis Coho Pipeline enRoute

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Comment by Davidblackgreenon Feb 10, 2021 1:25pm

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Post# 32526855

RE:RE:RE:Proof of Concept...vis a vis Coho Pipeline enRoute

The trouble with drilling up the legacy asset acreage for deeper targets is that at $5m a hole and with small acreage footprints all you would be doing is proving up other peoples acreage 75% of the time.

Deals based on depth need to be done and that takes time and a driving force such as Heritage.

Can't see TXP wasting its time on this until they have drilled out the rest of their 20 plus targets and spent $100m.

After that maybe?

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