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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 smitloon Dec 03, 2021 12:05pm
192 Views
Post# 34195240

RE:News on Monday then ?

RE:News on Monday then ?Interesting speculation to say the least. Thinking this through a little bit if the lower zone tested at 15 bo per hour then what might this thicker, higher quality zone test at if oil - one could speculate many multiples of that number. The amount of tankage and or trucks to move this amount of oil could certainly cause some issues ie delays. Patiently waiting on news.

If oil I've also wondered what sort of spacing would be necessary for efficient drainage of these turbidite sand packages. Certainly can pack many more btu's in a given space with oil but gas has the advantage of much fewer wells which would be nice in a jungle type setting. Good problem to have. 
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