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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

Post by Ginmungeron Mar 11, 2021 5:25am
205 Views
Post# 32770184

Steelhead??

Steelhead?? No mention of Steelhead in the recent presentation. Paul previously said that if Royston is a hit they will move the rig one km and drill Steelhead. But what is Steelhead? Is it another previously drilled prospect they have new data on? Or do they want to potentially table the idea and maybe drill for oil at Chinook if they like that risk/reward better ? I wonder how confident they are that there is commercial oil 1000ft updip? I have not seen any mention of it since that presentation , and it is a well that could potentially be drilled in the next 2 quarters. Is it still being planned or did they table it for now? Quick wiki search gave me this, does Steelhead mean something else in Trinidad or Canada? Steelhead can weigh up to 55 pounds (26 kg) and reach 45 inches (114 cm) in length. They can live up to 11 years and spawn multiple times.[3] The body of the steelhead trout is silvery and streamlined with a rounder head. There are black dots and a red or pink stripe running down the side of the fish horizontally. This silver color and round head is what gives the steelhead its name.
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