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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Energy Oil & Gas E&P
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

Touchstone Exploration Inc > The Early Days of Oil In TnT vis a vis The New PaP Refinery
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Post by stanleyon Dec 17, 2021 9:18am
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Post# 34240021

The Early Days of Oil In TnT vis a vis The New PaP Refinery

The Early Days of Oil In TnT vis a vis The New PaP Refinery
Lurk & Learns

The attached video MIGHT explain to some the Trini "work ethic". Not to mention the "anticolonial" stance, which may be driving this "attitude".

The Early Days of Oil In TnT

The Heritage (previously Petrotrin) component, is well explained in Minister Young's recent presentation to parliment.

Meaning, Trinidad & Tobago had a long time to come to grips with multi-nationals working and contributing (or not), to the Trini economy.

When a company makes a gas discovery in 2019 and blames slow pace to production  on a twenty year regulatory approval gap, yet still enters a pseudo JV with NGC, we might get the impression that at ~$US2.50 NGC is the only route to monitization.

On the oil front, after results of Royston-1 test#3 (and beyond), Minister Young announced the governments role (e.g. SPT revamping), and possible role of Heritage to be the ones calling the shots.

BWDIK? On the subject of a rerating of TXP PPS; What are the chances of a speculator's rush to position themselves at today's close, ahead of the weekend and a POSSIBLE 7am GMT London announcement on Monday, Tuesday, Wednesday, Thursday......etc.

Followed by a Coho (celebretory) announcement in Mid (22nd) January 

Caveat Emptor
Cheers
Stanley
 

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