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).

TSX:TXP - Post by User

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

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Comment by Margin321on May 02, 2024 3:16pm

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Post# 36020141

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

Some share dilution is about 20%. Probably a good deal but may take a while to play out.

TXP gets over $200 million of tax benefits that were held by Trinity. That will really help them retain more of the cashflow as Cascadura ramps, which can then be spent on development and exploration drilling. Rather than just paying a good portion right to the government.

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