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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 smitloon Jan 07, 2022 11:42am
169 Views
Post# 34293084

RE:RE:Final ? Shakeout of Weak Hands/Knees b4 ~Jan 20th Whipsaw?.

RE:RE:Final ? Shakeout of Weak Hands/Knees b4 ~Jan 20th Whipsaw?.Thanks Stanley. Guess this adds some clarity as to how Royston could be considered a negative to the value of this company based on the reduction in market cap since announcement of the discovery. Even if you give zero value to the two overthrust sheets you have the intermediate which was tested well off the high of that interval giving you plenty of running room up structure.You also now have the sub thrust as potential in the Royston Deep as well. Not sure how all of that could be considered a negative to total asset value. Then also let's see how an optimized long term test of the overthrust performs. Looking forward to some positive news flow.
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