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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 Margin321on Feb 24, 2021 9:43pm
159 Views
Post# 32654872

RE:RE:RE:RE:RE:Do we know if at Kraken the cretaceous is more likely

RE:RE:RE:RE:RE:Do we know if at Kraken the cretaceous is more likely <<Till that well is drilled and tested its nothing more than "Hot air and hope.">>

That is true but not for Royston - that prospect is a LOT more than hot air and hope because 4/4 wells have shown the Herrera sands are part of an impressive petroleum system and by the way a prior well (long ago) showed 700 feet of nat gas pay in that structure. The odds of Royston being a discoverty have gone up with each piece of new information for the last 18 months.

As for Kracken, you are right there, but it location is also in a prolific petroleum system with source rock below, and the comparisons with the offshore wells further down the same trend make it a little more than total speculation. Maybe an informed speculation, or a highly informed speculation.
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