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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 Proseleneson Jul 05, 2022 7:19am
292 Views
Post# 34801081

RE:More delays..........

RE:More delays..........
So the delay is another 30 days (minimum) from when the EMA get a response to the 2nd RAR.

So if the response has not been given yet, its looking like August before an EIA decision and that then means earliest for Cascadura online is estimated at end Jan 2023 imo.

The letter below is dated 1st July 2022 and seems legit.


"Previous correspondence on the captioned application, ending with the Environmental Management Authority's (EMA's) 2nd Review and Assessment Report (RAR) of June 23, 2022 refer.

Pursuant to Rule 6 (2) of the CEC rules, the EMA hereby notifies Primera Oil and Gas Limited (POGL) that we are unable to make a determination of your application by June 30, 2022 as advised by correspondence from the EMA dated 24 May, 2022. The EMA can only do so when the issues highlighted in the 2nd RAR are adequately addressed. As such, the date by which a determination will be made is dependent upon the receipt of a comprehensive response to the 2nd RAR. The EMA expects that a determination will be made within thirty (30) working days from receipt of the complete response.

Further to an initial meeting held with POGL on June 03, 2022 on deficiencies in the 1st RAR response, another meeting will be scheduled with POGL, the EMA and its Consultant for the Quantitative Risk Assessment (QRA). Stantec Consulting Ltd, to discuss any concerns or areas of clarification relevant to the QRA in order to satisfactorily address the outstanding issues."
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