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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 moneysworthon Aug 26, 2023 12:00am
214 Views
Post# 35606451

RE:RE:RE:The Bad News

RE:RE:RE:The Bad NewsAs a longtime shareholder I realize that the CEO isn't responsible for drill results as they are what they are. However Baay has continually overstated the potential of this Trinidad play over the past three plus years. He's had to rely on a small time paid news source to spread his message because there's no serious energy analysts covering this story. I shouldn't be criticizing the company as I still have a decent position, however, look at the three year chart. You could have picked just about any reputable Canadian energy midcap and done so much better. Playing the markets as long as I have I can spot a promoter and no question PB is definitely one. I'm just hoping that somehow with strong energy prices,   justified or not, TXP's SP will join in and head a little higher. Though, I'm honestly not expecting miracles with this management team. :(
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