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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

Post by stanleyon Dec 27, 2024 6:54am
173 Views
Post# 36378105

TXP's Mentions in T & T's Energy Sector in 2024 & Outlook

TXP's Mentions in T & T's Energy Sector in 2024 & Outlook
Lurk & Learns:

As we approach the end of another (disappointing?) year for TXP; we might want to take a look at the excellent/comprehensive Newsday's synopsis  "Key Moments for Trinidad & Tobago's Energy Sector in 2024" with a view to doing your OWN due diligence (DD) for 2025 and beyond. i.e. Do you wait for Q1 2025 EPS results or "take the plunge" with those hold (see Sirmark's shareholdings on Discord) an optimistic outlook (post tax loss selling) for 2025.

Key TXP Mentions in T & T's Energy Sector in 2024

With many mentions of Touchstone included, can we can look foward to the possibilities being materialized in the years to come?

Meaning, while current seismic technology can indentify Cascadura's aspirational 140m drill targets until we are "blue in the face"; we must make contingencies for (drilling) execution risk, as experienced with/by the sidetracks.

With risk mitigation being a key consideration, one can only hope/pray that the next TXP wells will benefit from the equipment (& shallower depth to target depths and earlier holes) acquired to successfully address this issue. As in Trickidad paleodepositional environment and subsequent trap formation(s) as a result of folding and faulting there are NO guarantees. Just keep an eye on the Shorters working the "dearth" of News. Some say under promise and over deliver. Lets hope for the over deliver.

BWDIK? 
Caveat Emptor: While the recent years' PPS performance (shrinkage) has not been "stellar"; most who can appreciate the potential/promise Touchstone going foward can/MUST weight their OWN DD decisions in a (high risk, penny stock) enterprise that makes ABSOLUTELY no promises in Q1 2025 and beyond.

GLTAL GLAP Caveat Emptor
Cheers
Stanley
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