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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 Dec 19, 2023 3:04pm
245 Views
Post# 35792304

RE:RE:The FN question is.....why is nat gas production at end of

RE:RE:The FN question is.....why is nat gas production at end ofThat Dec 7th trading day where the stock was up 35% on almost a million shares changing hands now looks even more curious indeed.

Why would you even present a 2024 budget that requires additional financing when you dont even have a conmmitment for it in place?  
Not saying they are not going to get approval on it but wait till you have it first instead of having to add "Accordingly, the 2024 budget and preliminary guidance may be subject to change, and such changes may be material".  Just adds to the uncertainty.






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