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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 > The reason for a 50 cent shareprice is the reserves
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Post by drunk@noon on Aug 14, 2024 8:04am

The reason for a 50 cent shareprice is the reserves

of cascandra are likely a lot smaller than managment claimed, due to the rapid decline in performance.
Coho has been proven a complete flop. still dribbling out at a little over 2 mcf/d.
Comment by EquityHawk on Aug 14, 2024 4:40pm
First, it wasn't management that set the reserves... that would have been their independent analyst, GLJ. Second, decline rates are not necessarily indicative of structure size or recoverability.  Right now, it simply means they need a few more wells to drain the resevoir on their desired timeline.  As it has been explained, we have a dual porosity resevoir, at least in the area of ...more  
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