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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 Tadon Jan 02, 2025 6:09pm
102 Views
Post# 36385340

RE:Interview with Paul B.

RE:Interview with Paul B.
Dow20000 wrote: Looking back I remember Paul telling us that he was looking for a payday year 2024/25
Now he his talking about the turn of the century.The only real positive that I see is that the insiders
hold a lot of stock and have not made any money yet either.Maybe it is best to put my shares into a vault for 5 years and don't look at the share price again until 2030.




Doubt you're going to have to wait 5 years. 

2025 should see a very nice pay day for those who averaged down over the past few months.

Development of infrastructure over the past 2 years is now in place to deliver increased production to market from Cascadura. More cash flow going into drlling new wells than into pipelines and processing for 2025 as opposed to the situation in the recent past.

The Central Block acquisition should fund itself from current production that comes with the purchase and provides the company with additional cash flow to drill another  hole or two into the Central Block in H2 2025, in addition to the 4 holes planned for Cascadura.. There are a number of good potential targets remaining on the Central Block.

JMHO and I could be wrong, but I've been continuously loading up on TXP over the past few months. Expect to see over C$1.00 by end of Q2 2025 ....if management can execute on it's modest guidance . The potential price increases that the Central Block provides TXP for future new gas production is a potential game changer as well.


GLTA !
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