Touchstone Exploration Inc.

TXP-T

It is an exploration story. They are about to start an oil target. He has a $0.50 target. The exploration stories will end up doing much better than the others. (Analysts’ price target is $0.50)

He has always wanted to have exploration stories in his portfolio. This company was just doing re-activations in Trinidad, but they raised money to go after deeper targets there. They now have three new wells underway. He likes this stock.

His exploration story. Doing reactivations in Trinidad. Now going for higher, deeper targets. They have the cash on the balance sheet to do it. He has a 50 cent price target. No dividend. (Analysts’ price target is $0.45)

It is in Trinidad. They are drilling deeper wells for the first time and are 100% oil, presently. Their first target from here is a gas well. If they are successful the development drillings will be massive. His target is $0.50 and $2 in the cycle. This is his small cap recommendation today. (Analysts’ price target is $0.47)