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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 EquityHawkon Feb 11, 2024 8:35am
228 Views
Post# 35874308

RE:Don't need mindless cheerleading when TXP down 9% on LSE.

RE:Don't need mindless cheerleading when TXP down 9% on LSE.I wouldn't waste time worrying about this one.  As they said in the RNS they didn't want to risk the substantial pay section they had already encountered.  Maybe more pressure on management to not have another well with skin damage or permeability issues than the pressures they actually encountered down hole.  I don't know if anyone would have their jobs come the AGM if they did screw this one up.  Plus, it's a development well, not expo, take the win and move on to Cas 3.  There's room for three more wells on C pad, so plenty of time and space to take another look at the lower sheet... or maybe even take a look and see if there's some Cretaceous source rock lurking below that?
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