Touchstone Exploration Inc (PBEGF)

[pro_s2009]

I am hoping on the 29th April, at the Webinar Paul is doing, he will elaborate on the Chinook structure and the potential for a "Major Oil Discovery".

The market went into meltdown as there was no gas, but that is ignoring that the 2 upper Herrera sands yielded oil - before they clogged up.

Which kind of suggests the initial "gas" bearing sands......are in fact oil bearings sands......which potentially makes Chinook Structure a "major oil discovery".

I am sure he will urge caution that Chinook-1 itself might be a write off as due to the formation damage that was caused during drilling/completion........but that does not write off the structure. Chinook-1 might yet yield oil, or we might have to wait for Chinook-2 - but as the market is currently putting a negative value on Chinook.......well.......lets see if that continues for much longer.