FWIW Schacter Likes It 
Josef Schachter, President, Schachter Energy Services Inc.
Touchstone Explorations (TSX:TXP), Market Cap: CDN$323 Million, One Year Return: -34.5%, Current Price: ~$1.52, One-Year target $3.00
Reasons:
- Touchstone has made three exploration discoveries in Trinidad where they operate.
- Production should rise to over 10,000 boe/d by Q4/22 when the two Cascadura natural gas wells come on-stream.
- Fourth quarter annualized cash flow should be more than C$0.55 per share.
- In 2022 they should drill up to eight wells (six development and two exploration – spending over US$50 million).
- The exploration wells are high impact potentials. Their 2021 oil discovery at Royston should see a four-well pad bring on production in Q1/23 adding 2,000 b/d of light oil.
- The stock is cheap at current levels but would be a very attractive BUY below $1.40 per share.