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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 Mar 20, 2024 1:15pm
156 Views
Post# 35943186

no one is blocking trades- the selling is for getting out of

no one is blocking trades- the selling is for getting out ofdodge before the usual pitiful finacials, and operations update is released on friday.  It is always frightening to see how pathetic resutls are oompared to estimates. i.e coho was suppose to be 15 mmcf after a couple of wells. They have one and even after some kind of workover it's producing, what 2.4 mcf/d. And don't get me started on the casandra wells, struggling to produce mid thirties between the two. When it was supppose to be 90 mcf's after two. And 180 mmcf after 4 or 5. Every well has been a complete dud except for one of the two cascandra wells, and they were already talking about noticable decline rates, which is one the alarming side considering they have two wells into what's suppose to be a monster field capable of producing 200 mmcf/d for years. 
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