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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 09, 2021 10:53am
207 Views
Post# 34214441

RE:RE:RE:RE:RE:RE:Chances of a Private Placing ?

RE:RE:RE:RE:RE:RE:Chances of a Private Placing ?

I am hopeful for a big number too but the 84' of pay tempers my expectations a bit. I am assuming they now know what water looks like on this log and will stay away from anything close to water for test 3. My assumption is they shot anything that could be potential pay in test 2 and will use that knowledge to shoot only potentially productive hydrocarbon pay in test 3. 

I am also assuming test 3 is a separate reservoir from test 2 based on its nomenclature so a separate oil/ water contact is possible in test 3 so need to be careful.

Also, anyone notice what appears to be a significant structural high on the northeast part of their mapping in the intermediate and overthrust sections but don't see much development planned there based on their potential locations shown on the map? 

 

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