PBEGF - Touchstone Exploration: Onshore Trinidad Oil Producer With Imminent 3-Well Drilling Program Provides Significant Upside Potential
Background
Touchstone (OTCPK:PBEGF) is a small oil and gas production and exploration business based in Canada, with all production operations in Trinidad which were entered in 2010 when it acquired the WD-8 development block. As of February 2019 production rates are around 2300 bopd This is up from 1375 bopd average in 2017 and 1729 bopd average in 2018, hence showing a steady increase.
This research regular refers to Touchstone’s latest website presentation:
Current production assets (we think easily covers the current market value)
Touchstone had a successful new drilling program of