Paul Baay2 Apr 2019 18:32
Paul Baay has a very Impressive CV,But this really caught my eye.
Highlights:
Touchstone has an experienced management and executive team with a track record of delivering value to shareholders
• Paul Baay, President and Chief Executive Officer of Touchstone, founded True Energy Inc. which increased production between 2000 and 2007 from 350 boepd to 20,000 boepd
• True Energy Inc. then split into Bellatrix Exploration Inc. and Vero Energy Inc.; subsequently Vero Energy Inc. was sold to TORC Oil and Gas Ltd. for approximately C$200 million in 2012.
Paul Baay Seemingly kept to his word throughout 2018 ,
TXP have surpassed the first millstone of 2000 Bpd
Giving Strong evidence of where he will be taking this company.
Ortoire is Potentially a massive step change for TXP Already funded with the aim of spudding in June.
Pail baay likes to let the figures do the talking, but i’ve noticed even he cannot contain his excitement.
Touchstone quite rightly reached 22p in the latter part of 2018 at 1700 bpd ,before oil prices fell off a cliff, as the prices have steadily recovered,an we’re now pushing towards 2500 bpd ,plus the potentially massive Step change Ortoire 1st well funded.
How TXP is below 20p is the biggest gift horse you’re ever likely to see according to my associate, for which I have to agree after my extensive Research.
The market will wake up soon I’m sure.
Good luck all