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Bullboard - Stock Discussion Forum 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... see more

TSX:TXP - Post Discussion

Touchstone Exploration Inc > Proof of Concept...vis a vis Coho Pipeline enRoute
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Post by stanley on Feb 10, 2021 8:07am

Proof of Concept...vis a vis Coho Pipeline enRoute

Lurk & Learns:

In doing my early morning perusal of the ADVFN board, I came across David's post that checks the box that could be aptly named, "Proof of Concept"...coming to (looming) realization. Maybe the (based on the pre-open) driver to those looking to take TXP over the $3.00 "marshalling intersessional rally/ muster point".

Meaning, as per David's post, Coho is just weeks away from a connection to Shell's (ultimately) gas processing plant b4 connection to the (NGC) national grid that feeds the Point Lisas Phoenix Complex and/or the Point Fortin berths for ocean going NG super tankers.

Some of my Trini Lurk and Learns, still ROTFLTAF with my "paratha" analogy for what one of my profs called FUBR (not clear discernable folding and faulting sheets). Now this was also the topic discussed on ADVFN with kudos to the resident technical expertise over there on permeablilty, pressuregradients, etc vis a vis "depth of burial". 

Anyway, HELP: I was looking for a link to the article (an interview) say at the end of December 2020 that summarized the "then" views of PB? More specifically, where PB discussed the plan for 10k+ drilling the (Legacy Assets) on the Fyzabad and Forest Reserve Leases. If I recall, in the article, the f in "forest" not capitalized. Please and Thank You.

Proof of Concept, is "declared" when a prototype (aka onshore gas production from Coho, the first of four successful wells on the Ortoire Block) is is connected. With the commercialization of Coho being legitimated first by the NGC (Life of Project) on a Five Year Renewable term.

GLTAL-GLAP
Cheers
Stanley
Comment by Proselenes on Feb 10, 2021 9:37am
He only said "active down there........." https://www.guardian.co.tt/news/touchstones-ortoire-block-could-have-1tcf-of-gas-6.2.1267580.633c4faca4 .
Comment by stanley on Feb 10, 2021 11:11am
Lurk & Learns + Proselenes: Proselenes thanks for the reminder link to the Guardian's article. RE:"Hopefully what it will do is get more activity, hopefully in the south of the island, like around Fyzabad where we are and forest reserve. That particular change in the SPT is very helpful for us down there and you will see us be very active in that area as well during 2021.”  ...more  
Comment by Davidblackgreen on Feb 10, 2021 1:25pm
The trouble with drilling up the legacy asset acreage for deeper targets is that at $5m a hole and with small acreage footprints all you would be doing is proving up other peoples acreage 75% of the time. Deals based on depth need to be done and that takes time and a driving force such as Heritage.  Can't see TXP wasting its time on this until they have drilled out the rest of ...more  
Comment by Wildcattter on Feb 10, 2021 3:22pm
This post has been removed in accordance with Community Policy
Comment by Stockwizard10 on Feb 10, 2021 3:32pm
Your on drugs . They are funding from the huge offtake they have signed with the government. 2.2b per TCF . Have you not checked the latest touchstone Comms the pipeline is being constructed on the 15 th. Yep funded by the government for the gas they don't need. Jog on you have zero credibility.
Comment by Wildcattter on Feb 11, 2021 10:12am
This post has been removed in accordance with Community Policy