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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

Post by moric122on Dec 15, 2021 11:46pm
262 Views
Post# 34235453

Posts worth reading?

Posts worth reading?

Been awhile since I've been in TXP. Are there any good stockhouse posts that you guys would recommend I read to catch up on the name?

Got back in the name after a few days of settle on the wet zone news. Seems like folks are missing the bigger picture, it's an oil reservoir. Oil reservoirs are going to be incredibly valuable here for TXP. 

Just to comment on the wet zone. We're dealing with mutliple lenses of pay here. 1 well isn't going to sit on the high for all the lenses, some zones will be close to the oil water contact and produce water. The greater geological questions have mostly been answered tho. So now can the team go back to their 3D seismic and find the tops of these structures? I am betting the team can and will.

Anyway happy to be back in for the ride. 

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