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 > Reserve Value

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Comment by Bully1985on Mar 10, 2021 5:56pm

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Post# 32765903

RE:RE:Reserve Value

"what are these reserves really worth? in Canada 100 mill barrels of gas equivalent.. is worth about $40 mill"

well the independent professional reserve report compiled by GLJ suggest 100mmboe worth US$815m after taxes. Guy living in his parents basement suggests they are worth $40mill - I know who I believe.

not bad for one well ;-)

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload