Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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).

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Touchstone Exploration Inc > MMBOE means NOTHING when it is 90% NAT GAS.

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Comment by Goaweighon Mar 25, 2021 10:54pm

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Post# 32884070

RE:MMBOE means NOTHING when it is 90% NAT GAS.

$ 60 is gross, we don't get anywhere close to $ 60 , more like $ 20 and until recently Oil was far more heavily taxed than gas because Oil was plentyful and gas scarce so the Gov. gave a break to the gas prodducers as an incentive to find more.
Also during the two years

drunk@noon wrote: I am sick of this SH%T. OIL is friggin $60 a barrel----- they get a measly 2.50 mmcf for gas or $15. per boe using the 6-1 multiply $ 15 vs $60 How are they comparable?

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