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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 politicaton Oct 03, 2023 9:28am
145 Views
Post# 35666503

RE:trouble is D bag management has change the story.

RE:trouble is D bag management has change the story.I think his handling of Royston hurts even more.  He talked up that well as already being 500 b/d and added on the other payzones as a gamechanger and then all zones come up non-commercial.  
That was a major league strike out which happens of course but when you build it up th the point that success is very likely .... and then u strike out.   not good.  PB has egg on his face for sure with Royston.  It was sad to see the " what would define success " target go from 1100b/d to 800 to 500 to as low as 400 b/d.  It shows that they don't know the rocks as well as they think.  Over confident in the technology telling them what is down there leads to hubris.
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