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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 > Touchstone Notes Trinity 68pps from Lease Operators Ltd
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Post by stanleyon Jul 29, 2024 4:12am
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Post# 36152141

Touchstone Notes Trinity 68pps from Lease Operators Ltd

Touchstone Notes Trinity 68pps from Lease Operators Ltd
Lurk & Learns:

As we await the results of yet another delay c\w attendant news/radio silence we get a curious (wrt caveats)  "a 68p all cash offer subject to a due diligence" from Lease Operators Limited (LOL).

Meaning Trinity wants to postpone (gallay) court certification of their TXP (all share) offer to August 23rd while it "considers" the LOL offer.

Touchstone Notes Trinity Competing Offer from Lease Operators .

We defer to the sage AIM investors/speculators over on the LSE and Discord Boards to continue to provide their commentary. 

Which is all precicated on the (predictable decline) on the nascent Cascadura wells. With the Coora wells and the second set of Cascadura wells still being tested while also providing a 80% cash contribution to the treasury.

Somehow we are still not getting any (market) indication of where things will eventuate; vis a vis the 2024 Q4 exit 14000 boe guidance.

GLTAL GLAP Caveat Emptor

Cheers
Stanley

 
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