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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 Jun 06, 2021 1:47pm
162 Views
Post# 33337586

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

RE:RE:A visit to the past - Wildcatter was right - so far
Not arguing.  TXP has massive potential ahead. Story has not changed. I am adding. Delays getting to hooking up Coho and especially Cascadura are part of the problem. The Chinook well did not help. But more to story ahead with Royston about to spud and sales to start some day and then start to ramp as a couple of development wells are added at Cascadura. Cascadura is worth more than the current market cap of company.

AVV is also good company.  WC no way looked ahead and saw Entropy (their CO2 sequestration side business) emerging as a little kicker.

It is not a competition between companies, one can own a few stocks that are high risk/ high reward plays . In fact that is wise. Not to mention that it is a good idea to have broad diversification across asset class including large and small cap growth and value choices in the stock part of the portfolio. I would not bet the house on a basket of AIM stocks, but I am glad I own a few because if the story plays out perfectly for one or two small growth companies, that can make a big difference in wealth creation.
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