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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 1explosiveGUYon Dec 20, 2021 10:48am
195 Views
Post# 34246776

RE:RE:Touchstone Why Invest - 4 Monetization of Assets Silly!

RE:RE:Touchstone Why Invest - 4 Monetization of Assets Silly!I just got to reply after seeing so much exageration.

yes they have a good well at cascadura.  yes they can add production when it is piped, if it is in our lifetime
  but, they locked in gas at $2.50  but in his recent rave one poster lists his 10 best, no mention of low gas prcie like that is not a factor here?  or you serious

oh Baay had a long track record in Canada, that record is not flattering and he locked in $2.50 gas

production from Roy1 wouild not be as high as the test.  when have you ever seen a well produce at the test rate?  few of them.  also you got to think of decline in any well.  Maybe that well declines at 75% in year one.  as they come off flush and virgin pressure oil wells do decline fast.  not all , but these wells into marine sediment based sands, they come on strongest, its bcuzz the natural cracks are giving up their oil, like a fraced well.  but natural fractures in these sands.  the fractures drain but then producion shifts to what will flow thru tighter sands, and that is why this well might not be strong.  then the water to handle, in the jungle too.  that tells me it would take a much better production profile than this well to continue spending to bring it on.

it looks like the market, with some knowledge thinks it is worry, that this well is not worth a darn. 

as for financial strength, txp is in dire stress, they only cash flow from 1300 bopd, and only whan oil is $75 does txp cash flow anything so it is not a great asset at all,  That is what Baay bought originally, so all the years and alkl the spending, has shown lousy growth.  seems Baay has not done wel here or certainly in Canada with True and True Trust and Vero, all kinda back of the pact companies so why is he good?  Dire?  wel;l; getting there, they right now have only a few mill of previously borrowed cash, then they need more.  That cash is not ner enuf to bring on Cas1, hell they still got build the production units, and instal them, and that is like after the pipeline is built, so it ain't flowing any wall of cash for at least 2 years. watch and see, not by next YE22, anyway,

their finances are not strong, how do you want to explain that post, strong?  in debt with low cash flow, strong? 
pump? 
pumper??  




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