Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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

Touchstone Exploration Inc > I get the impression many are trapped in the stock?

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Post by auburn2on Feb 22, 2022 4:04pm

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Post# 34451542

I get the impression many are trapped in the stock?

Not sure the valuation is all that compelling given the weak state of the finances. I could see a current fair market cap being about C$170 million, or around 80 cents. The current froth seems related to exploration excitement that tends to overvalue these companies as retail piles in looking for fast and quick gains (hence all the retail currently trapped in the stock).

Agreed all thoe small wells to produce Royston will be costly.

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