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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

Post by Davidmorrillon Feb 09, 2022 9:53am
323 Views
Post# 34411970

Long term focus

Long term focusFirst time poster.  First invested in Wright, Ruttman, Baay group in 2003 with Petrobank, then Petrominerales, Lightstream and finally Alvopetro & Touchstone.  20x, 30x return on Petro's, bankruptcy on Lightstream.  Basis is $.40 on Alvopetro that is now paying 6.8% dividend and $.20 initial basis on Touchstone. Quite a track record this group has in tough industry while working in Canada, Columbia, Brazil & Trinidad. Understand the frustration with missed projections, but a pretty incredible track record.  Don't understand the bashing of Touchstone and Baay.  This is not a short term proposition, but long term type of play.  All things pointing toward long term success for shareholders. I will keep the faith.  As Stanley says, GLTAL.  
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