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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 stanleyon Oct 07, 2022 10:01am
321 Views
Post# 35011977

Recent PSEUDO Announcement for COHO First Gas & Shorts U/D

Recent PSEUDO Announcement for COHO First Gas & Shorts U/D
Lurk & Learns:

Cynically, one might want to mention the term "standstill agreement" (typically used in TO scenarios) and compare a checklist of said agreement to the "progress" (or lack of same) of TXP over wrt deliverables.

My recent post of a link to the Minister of Energy's tweet will have a 1 week "anniversary" tomorrow. Meaning,

One cheerleader, postulated that the approval (permitting) of a Cascadura development/production plan could be the TXP milestone that MIGHT precipitate a TOO from a potential suitor. "merger of equals"?

Meaning, that after the MP (SY) expounded to their governments credibility, we are still "holding some strain" while we await a final sign-off.

Presaging (as per others' calcs) revenue of $400k/month, possibly resulting in a doubling of production, i.e.  BOE going from ~1500 to ~ 3000. Possibly resulting in a $0.02 EPS (annualized). In addition, we might contemplate the additional benefit(s) to be derived from the recent TT SPT TAX REFORM. One thing to watch out for:

Sometimes the "astute" agile might guard against a Monday morning NR spike proximal to the close on Friday (Oct 7th today).

BWDIK? The shorts have just increased (albeit marginally); an increase nevertheless.

 
Short Positions for TXP
Symbol Report Date Volume Change Shares Issued % Float
T : TXP 2022-09-30 1,167,595 60,560 213,021,161 0.55
T : TXP 2022-09-15 1,107,035 -28,930 212,275,327 0.52
T : TXP 2022-08-31 1,135,965 -52,938 212,275,327 0.54
T : TXP 2022-08-15 1,188,903 -378,500 212,275,327 0.56
T : TXP 2022-07-31 1,567,403 -407,031 212,275,327 0.74
T : TXP 2022-07-15 1,974,434 290,711 212,275,327 0.93
T : TXP 2022-06-30 1,683,723 169,311 212,275,327 0.79

GLTAL GLAP (thanks for the four (4) "thumbs up" in a recent post)
Cheers
Stanley

 




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