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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 Margin321on Dec 16, 2021 12:10pm
197 Views
Post# 34237247

Results on test of upper overthrust should be very soon

Results on test of upper overthrust should be very soon
Has to be tomorrow before market- or more likely Monday or maybe Tuesday before market. Or it will be late (not late but just not timely, as in the time Paul promised).

Much more likely Monday because Paul change the expected timeline from 10 days to two weeks. Ten days would be today so news tomorrow. Two weeks would be Monday so technically news Tuesday am. But I am a little hopeful they might do release on Monday morning - good time for an RNS, two weeks from the actual date the two week timeline promise was given.

In the end it does not matter. As before I am hoping for something simple like - "Test flowed light oil at 700 barrels per day - pressure build up tests indicate commerciality - the well will immediately go on long term test during which produced oil will be trucked. Preparations are underway to drill Royston 1 Deep in first quarter immediately followed by Krakken well. Once those results are available a long term plan for Royston/Krakken development will begin with goal of completion by end of 2022 . Cascadura development drilling will ramp up during 2022 with Royston development drilling to follow in 2023".

That kind of a press release would end my under $2 buying opportunity for good. I do have a limit order in today and also for tomorrow. I'll keep buying as long as under $2.
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