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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

Post by Margin321on Jun 03, 2021 12:16pm
225 Views
Post# 33319278

A visit to the past - Wildcatter was right - so far

A visit to the past - Wildcatter was right - so farHis style was terrible and he was disruptive to any meaningful discourse on this (or I suspect any) message board. But I did get interested in AAV because of his ranting, did some due diligence, and built a 4400 share position as I got more nterested in the company. That position is up 124% right now, whereas TXP buys from that time are down quite a bit. Of course TXP still up hugely from 2019 levels of about 20 cents, and there is still possibility of major TXP upside from here. But sad to say Wildcatter had a point about production levels, proven resource, efficiency of drilling, and under appreciated ownership of major facilities. 
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