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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 drunk@noonon Mar 28, 2022 11:57am
161 Views
Post# 34552205

Margin123: I am not expecting a detailed longterm

Margin123: I am not expecting a detailed longtermplan, but they should provide a lot more specifics. The netbacks for light oil are mind-blowing. They shouted about it being a hudge pool. IF so when is the next well, what kind, vertical, or horizontal. What kind of production rate? What about decline rate?  What is the cost. When can we expect production. How many planned for this year. Hundreds of millions of barrels in place WITH WHAT THEY CLAIM IS HIGH PRESSURE.
The stuff is going for $140 cdn a barrel, and it's all incremtal value to casandra's 100 mmcf.
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