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 filefishon May 11, 2024 6:20pm

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Post# 36035475

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

Matt, I agree with your assessment. In this case bigger is better as they make themselves even more important in a small country like Trinidad. Ecomomies of scale and plenty of oil drilling opportunities. Paul Baay knows what he's doing. As long as the government stays accomodative to O&G, TXP should be a good long term holding. Comments after the Q1 report and new presentation will be interesting.

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