Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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).

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Touchstone Exploration Inc > New Press Release - Touchstone Exploration Announces Acquisition of Trinity Exploration and Production Plc

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Comment by filefishon May 01, 2024 12:52pm

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Post# 36017659

RE:New Press Release - Touchstone Exploration Announces Acquisition of Trinity Exploration and Production Plc

Surprised that there is very little discussion about this major event. TXP gets some much needed oil production and new drill prospects. On the other hand, there will no doubt be some share dlilution weighing on the stock for a while. Longer term, TXP is looking more like a true O&G producng company and less like a wildcatter.

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