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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 Sep 30, 2021 2:42am
125 Views
Post# 33942165

RE:Pipeline

RE:PipelineYou would think.  Is is a six inch line a few km long. They should be almost done with it. It is only about 10 mmcf/day  but they may be able to double that with one development well.

It is frustrating but at this point inconsequential - eventually it will be hooked up to pipe.

More important is CASCADURA  - they need to accept the development plan, construct surface facilities, get NGC to do that pipeline spur (they say 20 inch pipe which i crazy big) to mainline, figure out how to get liquids to market. Cascadura can produce 40 mmcfd initially and ramp quickly over 100 mmcf/day with a few wells.

Once Cascadura is on line they can fund sll their drilling while they (hopefully) put together a plan for Royston Field developmetn and production.  That won't happen until 2023 but just haviong Coho and especially Cascadura on line would let them self fund all the stuff that is happening over the next year and a half.
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