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).

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Touchstone Exploration Inc > Company main value is it's Casc reserves and they should

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Comment by matt2018on Dec 20, 2024 1:52pm

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Post# 36372599

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

apprerciate the math, that $5.7M G&A number has to have cuts in there they can be made.
Its too high based on estimated rev of $17.6M
What if they issue convertible notes to fund the CB purchase and just proceed with the $10M loan for the 2025capex and leave the cash as is on the balance sheet.
The revenue from CB can easily pay the interest on the notes and have money left over to drill there specifically to grow CB further (rather than have to make qtr payments on a loan).
Could that be an option?

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