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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 May 11, 2022 11:18am
141 Views
Post# 34674065

RE:RE:RE:RE:Nice uptick

RE:RE:RE:RE:Nice uptickthanks yanks! I did not know about hat new alert.

Josef Schachter called out TXP as a top pick on April 20. That was based on imminent doubling in company production from Coho in May (adding another 1300 boed) and then a bigger jump to over 10,000 boed by Q4 based on Cascadura 1-ST and Cascadura Deep coming on line. For that to happen the Cascadura field development plan has to be approved in May.

Well it is May 10. They have a conference in London May 21. And radio silence. We should at least have someone on the ground reporting if the Coho pipeline is buried.

We don't need excuses for more delays at the London presentation May 21. In the next 10 days we need"

1. FIRST GAS AT COHO
2. CASCADURA DEVELOPMENT PLAN ACCEPTED
3. STAR VALLEY RIG BACK IN ACTION WITH SEQUENCE OF FIRST WELLS

BONUS FOR THE FOLLOWING

4. FAVORABLE RESULTS OF ON-SHORE BID ROUND
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