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Bullboard - Stock Discussion Forum Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Energy Oil & Gas E&P
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 > Update is out.......
View:
Post by Proselenes on Aug 13, 2021 2:09am

Update is out.......

Two major headlines. Royston is ongoing and debt will be used.

https://www.londonstockexchange.com/news-article/TXP/second-quarter-2021-results-and-operational-update/15097240


Executed an amendment to our $20 million term loan facility agreement, extending the principal availability period from June 15, 2021 to December 31, 2021, thereby allowing us to access the outstanding $12.5 million available balance prior to the end of the year.

· Spudded our final Ortoire minimum exploration commitment well, Royston-1, on August 12, 2021.
Comment by jake1444 on Aug 13, 2021 2:16am
Chinook 350,000 cubic feet per day. Less than many predicted including me!
Comment by Proselenes on Aug 13, 2021 2:40am
Big news is up to 12.5m$ of credit available to be drawn by year end. So they can now plan their 2022 cash flow in December and then borrow up to 12.5m$..........meaning no Prviate Placing is coming.......... Paul is sticking to his guns and using debt until both Coho and Cascadura are online. Thats big news........... :) And Royston-1 is now spudded and drilling ahead..........
Touchstone Exploration Inc