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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 stanleyon Apr 23, 2024 4:24am
283 Views
Post# 36002708

MEEI Minister Young re: TXP's Value Proposition to T&T Gas

MEEI Minister Young re: TXP's Value Proposition to T&T Gas
Lurk & Learns:

While TXP "languishes" under C$1.00 there are POSITIVE factors 
(in this case political) working (albeit behind the scene and based on his tenor) in favour of Touchstone's transition to a successful steady state producer (aka nameplate or FORECAST 2024 exit rate).

Note his mention of the term TCF while addressing his (at least one non Trini O & G) critics, while not (yet) attributed to TXP it is hopeful that the Ortoire (& Clear River Swap) would elevate TXP to this exclusive "gas club" that he listed.

For the PATIENT, and in difference to the detractors, the public statements of those who can be seen (or even assumed) to be in a position to assist (ease) TXP into making PB's YE forecast a reality can be symptomatic of important data points. 

Energy Minister Touts Touchstone's PROMISE

After 15 years, Touchstone could be on the cusp of transitioning from an explorer to a producer.


BWDIK? And while we analyse (in Trini speak) the "boofs & boquets", TXP is possibly a Spider Orchid somewhere in the Botanical Gardens hoping to flower before the parang starts.

GLTAL GLAP CAVEAT EMPTOR

Cheers
Stanley
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