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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 Proseleneson Aug 17, 2022 10:52pm
348 Views
Post# 34903886

New Shore Cap note on TXP out.

New Shore Cap note on TXP out.

House Broker note - so should be accurate.

Basics are :

Expecting Cascadura online in Q1 2023.

Company will not provide a timeline for Cascadura, but will simply highlight milestones as they are hit.

2022 full year forecasts have to be lowered, as Coho very late and Cascadura will not be online 2022.

2023 forecasts will likely raise due to higher prices for oil

2023 FY forecast to exit 2023 with 12.5m dollars net debt position.

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