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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 13, 2021 8:49pm
163 Views
Post# 32794031

RE:Valuation currently?

RE:Valuation currently?
No real reason to overthink it. We were all hoping, PB included, that the test results for Chinook and Cascadura would be available before the reserve report came out. What we got instead were delays, trace amounts of oil, an unexpected extended production test. That said we also found out the equipment is finally here and that hopefully by end of April or early May we will have some concrete idea of what Chinook and Cascadura Deep will look like. Also confirmed a new telescoping rig that will be arriving at the end of the year that can drill nay unleash the Kraken in 2022!
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