Touchstone Exploration Inc (PBEGF)

[pro_s2009]

Good news that the 2021 onshore license nominations and process is now open. The sooner this is done and TXP are awarded whatever they want to win, the sooner that a Deep Well at a Herrera prospect in the South West oil fields can be planned for and carried out.

Currently until the onshore license bid round is done and dusted and completed and awarded, no deep wells will be planned in the South West to avoid giving a competitive advantage to other companies to bid against TXP.

https://www.bnamericas.com/en/news/trinidad-opens-nominations-for-onshore-round

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The map of the areas is here :

https://www.energy.gov.tt/wp-content/uploads/2021/09/Onshore-Competitive-Bid-Round-2021-Nomination-Map.pdf

I am sure TXP will be interested in Guayaguayare (next door to Ortoire) and also perhaps the South West Peninsula areas.