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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 Ginmungeron Mar 12, 2021 4:17pm
139 Views
Post# 32787828

RE:right goaweight

RE:right goaweight
It sounds like Predator only extracted about 2,000 barrels at the higher rate, so we are talking about a relatively small well, less than 100 bopd, and im sure it cherry picked, but you are definitely right, it's way too early to consider doing this in the txp western fields and it might never work. Doesn't cost us a thing to keep an eye on it. PB said that they plan to do water injection before doing anything fancy like injecting C02. Lets get back to reality, Gas production in Trinidad fell almost 20% last year. From 3.5 bcf to 3.1 bcf, the island is starved for foreign currency and Ngc is doing studies and gearing up to lay some pipe at no expense to Txp. Why do you keep saying there's not enough demand when there is clearly a dearth of gas on the Island and Methanex said that they will restart their 2nd plant if they can secure a long term source of gas? Don't you think they would ink the deal with Ngc who is laying pipe, not txp?
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