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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 Margin321on Jun 10, 2022 1:31pm
253 Views
Post# 34747681

Ugly out there

Ugly out thereVery ugly. 8.6% in inflation number. More money for food and gasoline. Inventories at Target for goods are building. Likely evn Amazon will have stuff sitting longer on teri shelves. Pressure on housing building with 30 year mortage about to cross 6% and cost pressures on materials and wages for new construction. 

Meanwhile we are coming up on yet another dead line.  June 14 or June 15 for first gas at Coho  is just so damn precise. Soon it will be end of June or slip into July. That naturally raises fears of major Cacsdura delays.  Something has to happen, doesn't it?  Some things seem relatively simple:  1. First gas ribbon cutting ceremony at Coho, 2. Rapid announcement of the price NGC is paying for the Coho pipeline, 3. APPROVAL of the Cascadura EIA and final approval of the Cascadura development paln. 4. . Announcing spud date for first Coora well which will get Star valley back in action and will kick of the continuous drilling program. 6. Giving the exact sequence for the first 3-5 wells of the continuous drillign program.

It does not have to be this hard. Does it?




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