Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > Cascadura starting soon
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(110)
•••
Comment by Proseleneson Jun 10, 2023 11:06pm
200 Views
Post# 35490379

RE:RE:Cascadura starting soon

RE:RE:Cascadura starting soon
Yes Stanley.

So TXP are on schedule with Cascadura and all is good.

 
When the actual gas flows will be down to the short NGC pipeline and when all the safety checks are done and all the safety boxes ticked.

 
I was estimating August commercial gas, but looks like it might come early in July now.

 
Once Cascadura is flowing then 2024 onwards is just loads of cashflow and high impact exploration drilling.

 
2023 is tight for cash, which is why the additional loan potential is there, but get into 2024 onwards and TXP just generates too much cash they cannot spend it, even with their over 25 exploration leads and development drilling, which is where we might see a dividend put into place come 2025.
Thats the way I see it....
..
2023 getting Casca on line and expanding with Casca-C and Royston testing

 
2024 Development drilling of Rosyton, Coho, Casca and Explo Krakken.......

 
2025 Development drilling all, exploration drilling starts in earnest...dividend commences - possible share buy backs

.
 

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities