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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

Comment by Margin321on Mar 31, 2022 10:45am
108 Views
Post# 34562833

RE:they say anything about royston oil? 5:00am call on westcoas

RE:they say anything about royston oil? 5:00am call on westcoas

Lots about Royston. New stuff too. 

1. Royston 1-ST will convert Royston 1 to a producing intermediate well.
2. Royston Deep will test intermediate and sub thrust sheets  3. At PB the most prolific wells are the intermediate and subthrust.
4. There are hundreds of millions of bo at Royston. Get over the water, not important. Development will take some time but they are busy with Cascadura and Coho and a few other exploration wells including Kraken.
5. Royston oil was tested and has identical characteristics (some specific footprints I do not understand)  as surinam cretaceous wells. Royston oil in itself and this specificity of type of oil increases chance of Kraken discovery, which could blow the lid of TXP. I have thought that was improbable but I am changing my mind.
6. There is more - the presentation is worth an hour of any open mind. Nothing much is going to enlighten a closed mind. 

 

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