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).

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Touchstone Exploration Inc > Takeover timing............

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Post by Proseleneson Feb 10, 2021 11:31pm

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Post# 32534323

Takeover timing............

In H1 2022 we should see Kraken, Cascadura DeepDeep and Chinook Deep all drilled.

I hope they get to drill all three and those if they all come in could offer 2 or 3 TCF of upside (which is 4.4 to 6.6 billion dollars of gas with the NGC deal).

Will they ? And by that I mean will a hostile take over offer come in before they can drill them ?

I hope they can but any hostile takeover offer will be timed before "too much" can be proven by the drill bit. For me I see a takeover offer either post Royston/Steelhead, or post Kraken............certainly before the Deep Casca and Chinook wells in 2022 imo.

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