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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 Proseleneson Jul 14, 2021 9:36pm
210 Views
Post# 33547434

Media article...with some nice snippets in

Media article...with some nice snippets in
Some nice snippets in here :

https://trinidadexpress.com/press-releases/touchstone-exploration-begins-seismic-survey/article_0ac94cd4-e4c0-11eb-af1c-038f2549aacd.html


...........Speaking at the site of the seismic survey, Minister Young said he spent an educational day touring and was pleased to see the first seismic being performed onshore since 2016, "These are very exciting times with a lot of prospects and a lot of hope for success, especially on the gas side. We at the Ministry of Energy will continue working with Touchstone. The Company is a critical factor in us going forward and providing gas production and showing it can be done."...........


........Paul Baay, Touchsone’s President and Chief Executive Officer, said “in the last two years the Company has successfully drilled four explorations wells to the Herrera sands in the Ortoire Block, and all were deemed discoveries. These are namely Coho-1, Cascadura-1ST1, Chinook-1 and Cascadura Deep-1. Touchstone has signed a key gas sales agreement with the National Gas Company for the purchase of all gas produced from the Ortoire Block. In the coming months, the Company is anticipating to bring online our first gas discovery – Coho-1 at approximately 10 mmscf/d. In addition, we are working closely with stakeholders to complete the Environmental Impact Assessment for the development of the Cascadura gas discoveries, which the Company anticipates initial production of approximately 100 mmscf/d of liquids rich gas and 2,200 bbls/d of condensate. Touchstone is currently completing our testing at Chinook-1 and expect such gas production to be added via pipeline to the Cascadura facility."................
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