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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 Aug 03, 2021 3:02pm
143 Views
Post# 33643122

RE:RE:RE:Incredulous..

RE:RE:RE:Incredulous..
Hi Kadiddelhopper - always good to get your posts - hoping for a nice month and then a nice fall season.

I did fill my little dollop at $1.1 (US)  that was open for about 5 days. I tossed in another bid at $1.15.  I don't know why I do that - some call it catching a falling knife.  But TXP has already fallen from the speculation surge and has based and is now waiting to build to higher valuatiion with revenues and earnings and institutions starting to  buy the story. No real reason to pull back much more from this point.  And if it does I will buy more as long as this story is intact. And it still is. And only getting better. And we have Xavier Moonan who is still enthused.  A Royston discovery would  in itself be more than they have so far from legacy assets, Coho, Cascadura, (and maybe Chinook Cruse).  And a Kraken lottery win would be more than all of that plus a TCF discovery at Royston.  Why not let it all play out?  Worried that it will drop back 50% after the initial surge on discoveries before explotiation? Well that has already happened. It almost always does.
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