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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 matt2018on Nov 24, 2023 10:11am
196 Views
Post# 35751401

RE:If the company making/breaking set of wells were on

RE:If the company making/breaking set of wells were on I dont expect the comapny to put out a release on every isuue that comes up that they are trying to resolve/work through.
The problem is that so far, they have not been able to execute very well on them.
Casc compressor, Coho workover, Royston (over-promised, under-delivered).
The upside is that when these issues do get resolved, the re-rating on the company's valuation based on the increased production vs debt will finally take place.

my opinion only.....



drunk@noon wrote: production for 2 months before management informed us they were severly underproducing, how can one trust managment. i.e any positive or negitive event going forward will be acted upon by those who  have access to timely information, rather than you avg shareholder. 


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