Touchstone Exploration Inc (PBEGF)

[pro_s2009]

https://www.malcysblog.com/2023/07/oil-price-touchstone-petrotal-angus-hunting-petro-matad-prospex-and-finally/

Touchstone Exploration

It is going to be a crucial week in Touchstone’s history and last night CEO Paul Baay was appearing in the Shares Investor Webinar to point out just how important will be. The strong production imminently starting from Cascadura will give the company ‘5 year visibility’ and more and make it a full cycle E&P company.

With it the company can start to convert reserves into production using the significant technology advances available, the support from the Energy Minister will see production get into top gear very soon and be producing over 9,000 boe/d and making it more of a natural gas company.

So, over the next few days TXP shareholders can expect the plugs to be removed from the two wells at Cascadura and the flow to the newly built gas facilities will begin. And this is only the beginning, CEO Paul Baay was at pains to point out that there are a number of further wells to be drilled, probably at least five with the rig off to drill the next one very soon.

There is much more elsewhere at Coho and Royston but this is the time for Cascadura to shine, the Ortoire block that I was shown a while ago on charts is really coming into its own, the Herrera fairway is indeed that, and over the next few years there are plenty of opportunities to fill up the spare capacity at the gas facility.

There will be plenty of news from TXP in coming days, this will prove that it is going to be a very substantial company with huge reserves and decent production but more importantly masses and masses of upside, yes it could be a stock for 2023.