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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 May 28, 2021 10:40am
125 Views
Post# 33285624

RE:RE:RE:RE:RE:Don’t take share price drop personally

RE:RE:RE:RE:RE:Don’t take share price drop personallyGood choice!  I wasn't clear in my wording. I made some money by selling the Petrominerales shares I got when they were spun off. I never made money in Alvopetrol. I followed them out of interest because of my big (for me) investment in petrobank, but I never owned alvopetrol shares. I did get the first part of my TXP shares directly from the purchase of TXP precursor by the petrobank shell and the renaming of that entity. I still have those shares.  The story was very boring for a long time, but got exciting when they finished evaluating the Ortoire lease, planned the 5 well phase 1 exploration, and then confirmed the turbidite sands geology model with discoveries at Chinook abandoned more importantly (because much bigger) at Cascadura.  Still lots to come. Royston bigger than Cascadura. Kraken is a different geology but could be amazing. I think Royston has really good odds. (700 feet of bypassed gas pay in an old well they are twinning, bolstered by Chinook and Cascadura findings). Kraken is a true wildcat (first well in new field with no proven discovery or production, higher risk but huge potential reward). Kraken is pot of gold at end of rainbows kind of stuff. Maybe a little unlikely that is is a discovery like the deep water finds off guyana and surinam by Exxon - but wow if that is true. That would be bigger than everything else including a confirmed Royston discovery of a TCF. If that actually happens I may get a statue of Xavier Moonan for my back yard. 
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