StockUpTicks Newsletter
Stocknight ListServer
bounce-stocknight-163101 at lyris.stocknight.com
Fri Jul 27 14:38:05 PDT 2001
[Stockupticks.com] [Image]
[Image]
Welcome to Stockupticks.com Newsletter Issue 9 -July 27, 2001
[Image]
[Image][Image] [Image]
[Image] *** BREAKING NEWS *** ***BREAKING[Image]
NEWS***
[Image]
In response to investors requesting that more of our
coverage come after the market closes, we are
providing this Breaking News, which gives our
members maximum time to review this company and
respond. StockUpTicks endeavors to bring you
information about under-followed companies that may
be of particular interest to investors in
"discovery" and emerging growth stocks. Touchstone
Resources Ltd. (TUT.V) based in Houston, Texas, is
an aggressive oil and gas exploration company
targeting high-potential assets through a focused
strategy of utilizing industry relationships, world
class contract consultants and the most modern
industry technologies.
[Image]
Touchstone announced today that an open-hole
drill-stem test in the Devonian formation in Winkler
County, Texas by Schlumberger produced a calculated
rate of 2,400 barrels a day on Touchstone's Wink
project field. "This is a significant, high-impact
discovery," said EVP Wes Franklin. During the
weekend ahead, Touchstone will further evaluate
production output by open-hole testing in the
Devonian.
Investors should bookmark the stock and watch for
news early this week on the test results.
[Image] *** BREAKING NEWS *** ***BREAKING[Image]
NEWS***
Editor's note: This release was issued after market
meaning that no one, as yet, has been able to react.
FOR IMMEDIATE RELEASE
July 27, 2001
WINK PROSPECT DEVONIAN PRODUCTION TESTING
Touchstone Resources USA, Inc. is pleased to
announce that the Wink prospect, Morton/Halley
23/24#1, which is located in Winkler County, Texas,
is currently being evaluated by open-hole testing in
the Devonian formation at approximately 14,000 feet.
The Morton/Halley 23/24#1 was drilled to a total
depth of 17,636 feet. After evaluating the deeper
Ellenburger formation, the Company has commenced a
plug-back operation to the Devonian. The Devonian
was open-hole drilled drill-stem tested by
Schlumberger at a calculated rate of 2,400 barrels
of oil per a day (BOPD). A production facility has
already been installed at this location and
production is scheduled to start on August 1, 2001.
Wes Franklin, Executive Vice President for
Touchstone Resources, states The Company is very
excited with this discovery in the Devonian. This is
a very significant high impact discovery, which
enhances the real value of our development in the
Wink prospect. The size of this discovery could be
quite large by todays on-shore U.S. standards. We
anticipate continued success in other wells in this
region. Mr. Franklin further states, The Morton 23
#3 is drilling over 10,000 feet on its way to a
proposed total depth of 15,000 feet. The well is a
Devonian delineation/development well down-dipped
from the Morton/Halley 23/24 #1 and will provide an
indication of the size of the Devonian reservoir.
The Company is also pleased to announce that an
additional field discovery has been made at the Wink
project. The Morton 11 #2 was deepened to 11,000
feet and is currently testing the Devonian chert at
approximately 10,700 feet. Mr. Franklin added, the
Devonian here is in a separate fault block 2 miles
north of the Morton/Halley 23/24 #1, which is
testing the same formation 3,000 feet deeper. The
Morton 11 #2 well has tested at a daily rate of 1.2
million cubic feet of gas per day (MMCFGPD) and 4
BOPD. Following bottom hole pressure testing, the
well will be placed on production immediately.
The Canadian Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or
accuracy of this release.
SOURCE: Touchstone Resources USA, Inc.
[Image]CONTACT INFORMATION & LINKS [Image]
Touchstone Resources USA, Inc.
David Daniels
5858 Westheimer, Suite 708
Houston, Texas 77057
Telephone: (713) 784-1113
Facsimile:(713) 785-8530
Toll Free: (877) 829-0357
E-mail: ddaniels at touchstonetexas.com
Website: www.touchstonetexas.com
Click TUT.V here for stock quote.
Click here to view latest news.
[Image]About The Canadian Venture Exchange [Image]
The performance of the Canadian Venture Exchange
(CDNX) can best be measured by comparing it with the
U.S. Nasdaq Composite 100. The CDNX began with its
indices value set at 2000 on November 11, 1999. The
main index closed trading on June 1, 2001 at 3,251.
That's a 62% increase. In comparison, during the
same time period the Nasdaq Composite suffered a 38%
decline, from 3,421 on November 11, 1999 to close at
2,149 on June 1, 2001.
[Image]Disclaimer and Safe Harbor Statement: [Image]
Safe Harbor Statement:
Statements contained in this document, including
those pertaining to acquisitions, earnings estimates
and related commercial plans other than statements
of historical fact, are forward-looking statements
subject to a number of uncertainties that could
cause actual results to differ materially from
statements made.
Disclaimer:
StockUpTicks.com is a property of Market Pathways
Financial Relations Incorporated (MP). The
information, opinions and analysis contained herein
are based on sources believed to be reliable but no
representation, expressed or implied, is made as to
its accuracy, completeness or correctness. This
report is for information purposes only and should
not be used as the basis for any investment
decision. MP has been compensated by Godwin
Financial (a shareholder) 15,000 shares of stock to
prepare and disseminate this report. This
compensation constitutes a conflict of interest as
to MPs ability to remain objective in its
communication regarding the subject company. Write
or call MP for detailed disclosure as required by
Rule 17b of the Securities Act of 1933/1934. MP
is not an investment advisor and this report is not
investment advice. This information is neither a
solicitation to buy nor an offer to sell
securities. Information contained herein contains
forward-looking statements and is subject to
significant risks and uncertainties, which will
affect the results. The opinions contained herein
reflect our current judgment and are subject to
change without notice. MP and/or its affiliates,
associates and employees from time to time may have
either a long or short position in securities
mentioned. Information contained herein may not be
reproduced in whole or in part without the express
written consent of Market Pathways Financial
Relations Incorporated.
[Image][Image] [Image]
[Image]
© Stockupticks 2001, All rights reserved
[Image]
---
You are currently subscribed to stocknight as: cypherpunks at algebra.com
To unsubscribe send a blank email to leave-stocknight-163101P at lyris.stocknight.com
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: text/html
Size: 13837 bytes
Desc: not available
URL: <https://lists.cpunks.org/pipermail/cypherpunks-legacy/attachments/20010727/e2c39be2/attachment.txt>
More information about the cypherpunks-legacy
mailing list