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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 Jan 14, 2025 6:26pm
88 Views
Post# 36404072

RE:RE:RE:Central Block

RE:RE:RE:Central BlockYou're right, its an embarassingly small amount that they should be able to obtain without any problem, at least the $10 mil part..
If I recall, Paul said in mid December that they had the fiinancing from Republic Bank, but they did not like the terms and so they would continue negotiations in January. 
If all else fails, I have a suggestion... maybe Paul can walk a few blocks down the street in Calgary and visit ATH. Athabasca has over $300 mil sitting in cash with no allocation. Perhaps they might be interested in another Duverney Energy type of joint venture in Trinidad. .   
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