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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 matt2018on Dec 20, 2024 12:12pm
35 Views
Post# 36372358

RE:RE:RE:RE:Company main value is it's Casc reserves and they should

RE:RE:RE:RE:Company main value is it's Casc reserves and they shouldunderstood Tad. It all sounds promising and a great opportunity for some synergies but the company has very little cash. They need to borrow $10M for their 2025 plan, now borrow more money to fund this CB purchase (I realize it could fund this portion with current CB production but still a risk), all while the share price is in the gutter so you cant even fund a partial portion of the borrowing by selling some shares.
Its a shame their assets have not performed as originally planned, a $1 to $2 share price can really help fund/expand this company.
Now more than ever, look to the cost side of the company.
Cut wherever possible, like the number of directors on the board, etc.


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