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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

Comment by filefishon Dec 09, 2024 11:16am
121 Views
Post# 36352733

RE:RE:New Press Release - Touchstone Exploration Announces Preliminary 2025 Guidance

RE:RE:New Press Release - Touchstone Exploration Announces Preliminary 2025 GuidanceThey must be including the flush production from the 2 Cas wells that came on in November, thus making the numbers look good for the month. But you are right, borrow money to drill another 4 wells and only increase average production by another 400 boe/d, max, is rediculous. Maybe PB has finally learned his lesson about over promissing and under delivering and hense the very low bar to meet going forward. However these consistant misses are having a disasterous effect on the share price.   
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