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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 drunk@noonon Oct 03, 2023 8:30am
196 Views
Post# 35666391

trouble is D bag management has change the story.

trouble is D bag management has change the story.For years they talked about punching 4-5 wells into casc and producing 200mcf. That's of course 33,000 boepd using the 6 to 1 gas to oil ratio. Now they are talking about a long term 5 year goal hoping to get to 30,000 range of production. These is troubling, considering managements lack of credibiltyrack. . I have been a shareholder for 4-5 years and am of course hoping for success,  so,  don't start yapping about me bashing when I am stating the facts.
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