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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
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Post by Proseleneson Mar 29, 2022 1:11am
275 Views
Post# 34554295

Malcys comment...........

Malcys comment...........
Malcys comment

https://www.malcysblog.com/2022/03/oil-price-union-jack-touchstone-uog-empyrean-and-finally/

.........Not much to add as often the case with results statements, but I think it is worth pointing out that in recent years Touchstone has moved from being an exploration company to what is now a genuine E&P outfit that is generating earnings, in this case of $5m US, as well as having an $18m cash balance.

This balance will be used to fund the tie-in projects and production from Coho and Cascadura, thus enabling the building of the company into a substantial energy vehicle and justifying the optimism from recent years. What has not happened is the follow through in the share price from the high in February of 2021 and also from last November since when the price has drifted further. The shares are simply not reflecting the immensely strong position that the company is developing into and should at the very minimum double from here if not much more. .........
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