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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 Utkant123on Dec 22, 2021 2:03am
201 Views
Post# 34253311

RE:RE:RE:utkant: show your back of envelope calculations.

RE:RE:RE:utkant: show your back of envelope calculations.

I never said mycalculations were spot on. They were back of the envelop using whatever  parameters I have. Yours are more reasonable though. But 70-80 mill barrels onshore should seriously reprice this share. It is still a large onshore find. The ones we dream of finding. We also have to take into account that it will be bigger since the bottom have not been found yet. Need to figure out the owc in the intermediate if there is one and also explore the sub-thrust. Paul Baay need to head to the bank and get a much bigger loan. At least increase it to 50 m usd but I would prefer a 100 m usd. 

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