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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 > UK Investor show
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Comment by Proseleneson May 22, 2022 3:21am
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Post# 34700864

RE:RE:RE:RE:UK Investor show

RE:RE:RE:RE:UK Investor show
Cash is tight until Cascadura comes on line.

First debt repayment is September.

Current "free cash" is around 4 million US$.

2 Coora wells plus surface facilities etc... will use up 3m of that.  When Coho gets on line things will be better, but they will need to wait until October before they have enough cash spare to safely drill Royston sidetrack.

Once Cascadura is online then things change very fast...............2 rigs in 2023.
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