Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 stanleyon Jun 22, 2021 1:27pm
157 Views
Post# 33427854

RE:RE:RE:News......

RE:RE:RE:News......
Proselenes: 

I do appreciate your clarification. And also kudos for your presense here and other boards; especially interesting to see the somewhat 'curious' exchanges on the UK boards.

Initially, I believe that they (PB) suggested either Fyzabad or Forest Reserve for the deep (Legacy) target. But it sounds as though that the most recent data (3D seismic) might be indicating a higher COS at Coora than some of the other contenders all the way to Cedros.

While others might not appreciate the "fission" potential for TXP going foward. Meaning once the Ortoire Block has a (Coho & Cascadura) predictable/repeatable CF(i.e proof of concept); it might have "spin-off" potential especially with the possible success of some of the other (near and long term) Phase 1 exploration targets in the Ortoire Block. 

Now in a "spin-off" strategy; it assumes that the Herrera (deep well program) in the Legacy Areras (starting in Coora) and expanding to other areas (with well developed O & G infrastructure) would be provide significantly lower cost per unit (barrel or CFM) than the ("jungle based") Ortoire Block.

BWDIK? The caveat being stamped on all board approved drill plans.....DO NOT DRILL any deep wells in the Legacy Area until the already indentified 2021 gas supply is connected to the NGC pipeline in the Ortoire Block, for obvious (Chinook?) reasons. 

GLATL - GLAP
Cheers
Stanley
<< Previous
Bullboard Posts
Next >>