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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 15, 2021 7:33am
108 Views
Post# 32796850

RE:RE:RE:Trinidad Airport Preparations for Border Reopening - Update

RE:RE:RE:Trinidad Airport Preparations for Border Reopening - Update
Lurk & Learns + Chreca1:

Unfortunately, the "likes " algorithim seems to only recgonize new readers of my posts, meaning I have to work awful hard to catch up to you record of likes. OK..

My first attempt would be to provide some chronoligical "historical" perspective to (possibly) decypher why the Canadian deep drilling rig is also scheduled to drill the Legacy Assets in this case Fyzabad & Forest Reserve Area versus the other 20 or so targets in the orignal Ortoire:

 

The reason why this chronology might be enlightening is that an astute Planner\Scheduler will start from inception of the TT oil and gas industry in search of targets, when knowledgeable people (say who drilled for Shell or Slumberger) may not be available. 

BWDIK? Look at the listing for 1954. And think of the possibility of an Ortoire II is lurking in the area where the Touchstone Country is presentlycentered.

Now once this "wall of cash" may permit the release of this drill for "R & D" I would be remiss if I did not recognize one of the recent poster for their mention the potential of a share buyback. I believe it might be a topic to explore in the list of possibilities when discussing dividends.

I like likes if you learned anything new.

GLTAL - GLAP

Cheers
Stanley




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