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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 > Extended production test (nice at 70$ a barrel)
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Post by Proselenes on Mar 05, 2021 8:51pm

Extended production test (nice at 70$ a barrel)

Extended production tests are quite often used to grab some production while you dont have a production license. License terms often allow for "temporary production and sale while testing".

At 70$ a barrel perhaps Chinook is going to be on a long term production test for a long time..........produce the oil and truck it away for sale at very high oil prices :)

Begs the question whether they will return Chinook back to "extended oil production testing" after doing the gas flow testing.............. I am sure if they can, they may do that............ money to be made from production oil at these nice prices.

Anyway, all oil produced at Chinook during this "testing" is a ncie cash bonus   :)
Comment by Wildcattter on Mar 07, 2021 4:22pm
This post has been removed in accordance with Community Policy