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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 stanleyon Mar 02, 2021 5:58am
140 Views
Post# 32692671

RE:TXP's Legacy Assets, Memorials and Discovery Well, etc

RE:TXP's Legacy Assets, Memorials and Discovery Well, etc
Lurk & Learns:

While I do not support the recent distracted engagement of/with persons unknown on this board; the opportunity for contextualizing the (past, present and potential) Touchstone discoveries just got a bit closer to realization based on the following excahange:

Petrotrin Refinery - Another Option 4 Restart

Again, the Point a Pierre oil refinery that was mothballed over two years ago, first saw the Oilfield Workers Trade Union emerge as the first with a declared interest in restarting. In the above link we see the emergence of another consortium/consortia looking to address the foreign exchange "conundrum" while also facilatating employment in the shadow villages (e.g. Gasparillo).

The Touchstone "interest" could be a "what if" a Joe-Harry window analysis of an oil discovery of significant proportion(s) (say) at the Royston-Kracken-Steelhead complex or my pet speculation, a deep (10k+ TD) seated discovery in the FR/Fyzabad/PS/SF(Legacy Assets) PLUS Caricomers (Guyana & Suriname) advances the probability of a timely & proximal feedstock?

Key point (takeaway) in the (linked) Sando discussion was not a total restart; but a staged restart of the ~23 or so plants within the sprawling complex.

BWDIK? Foreign Exchange in the face of an economy facing a crisis due to an energy sector shrinkage might get a "lifeline" should a TXP  discovery of oil at depth(s) not previously (~ 112 years) technically feasible\practicable...

Even in the facde of Covid 19, Trini's are a hopeful nation.. Discipline, Production and Tolerance ...on the Coat of Arms; and "Forged from the Love of Liberty".... the opening stanza of the National Anthem.

The ADVFN board appears to favor a "Whe Whe" number pick (i.e.the 8th?) meaning someone dreampt a tiger???

I like like's if you like likes.

GLTAL-GLAP
Cheers
Stanley

 

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