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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 Goaweighon Mar 20, 2021 11:34am
242 Views
Post# 32844909

RE:RE:RE:RE:RE:RE:RE:News next week

RE:RE:RE:RE:RE:RE:RE:News next weekDidn't they have an issue with the road between Cascadura and Chinook, only one way in or out so if something happens at Cascadura anyone working at Chinook would be trapped or something to that effect. Also If the pipeline is being built along the road, which would mitigate the need to clear more land, then I can see it could be a problem moving extra equipment back and forth while that work is going on.
But after Royston, which should be finished by July , what then ? Steelhead certainly makes sense and so does Kraken. The rig is there, most of the road is already built. 
If we are going to the effort of bring a rig all the way from Canada we must have a plan to use it for the remaining 6 months of this year, we have 20 targets and we have the money and we have 4 months to get permits and do some extra road clearing if necessary.
They must have a plan so why not lay it out , subject to the usualy delays of course.


Davidblackgreen wrote: So Royston, possibly another Chinook while Cascadura is getting its pipeline and also Steelhead if all goes well? That would be a nice calendar for into the Fall.


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