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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jul 31, 2021 11:49am
193 Views
Post# 33637022

RE:A dig into the production targets for 2022 and 2023.........

RE:A dig into the production targets for 2022 and 2023.........I share your assessment and your enthusiasm for the future.

Patience is required. It took five years of work between the successful bid round on Ortoire Block  to spudding Coho. A lot has happened since then. Amazing actually.

However it will be a little slower than we want and the momentum will gradually build.  For example, if there is a discovery at Royston, it will not likely be tied in until early 2023 after they get an approval for developing the whole Royston project  similar to the process going on at Cascadura project right now. (I know I am ahead of myself with no Royston discovery yet) .

I only say that because Coho is not producting yet and is really a late 2019 discovery that is sitting next to a natural gas processing plant that is half empty.

I am willing to wait and to add. I have had a bid in last few days without getting more. On Monday  I'll probably be fishing (appropriate metaphor with our well names) to try to add a little more. The price is very good right here.
<< Previous
Bullboard Posts
Next >>