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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 Margin321on Apr 22, 2021 9:26am
161 Views
Post# 33043673

RE:Next presentation 29th April..........

RE:Next presentation 29th April..........A conference on April 29 to talk about what might happen on May 15 is not going to have a lot of sizzle. Especially when the Coho hook-up is already months behind schedule.

Here is a wish list of what might be talked about.  I alwaya like new numbers but that might not be possible.

1.  Coho actually on line.

2. An initial  production number slightly ahead of predicted, say coming on line at 13 MMCF/day.

3.  Announcement that NGC has purchased the Coho infrastructure (NGC policy) and the $ number that they received.

4. Maybe a hint or two about Chinook science project. Are they pumping anything? Is it all water or is there some oil in the 400 bopd they are pumping?

5. Maybe some comments about the pressure build up test at Cascadura deep, even if only a date that they expect to release the result of the pressure test and hopefully an update on reserves.

6. Planned program for second Cascadura pad and additional Cascadura development wells.

7. NGC upgate on the Cascadura hook-up pipeline project.

6. Date they will spud Royston.

7. Have they updated the leases on the western legacy oil fields? The leases were temorarily extended first to end of March and then to end of April so that really should be done.

8. Program planned  for 2021 on the legacy oil fields. Workovers, new wells, any deep shots?

9. How is the seismic in the Royston area going?

There is enough to talk about, even though you are all right that Royston Well is the absolute key to 2021 progress into a major on-shore natural gas producer and cash flow generator with a much higher share price.  Royston is the prize.




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