Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. Its main exploration focus is the Ortoire exploration block. The Ortoire exploration block covers about 44,731 gross acres on the east side of Trinidad. Its other exploration prospects include Royston, Coho, Cascadura, and Chinook. The Royston location is targeting a deep gas prospect with an estimated target depth of about 11,500 feet.


TSX:TXP - Post by User

Bullboard Posts
Comment by smittyfrompaon Apr 09, 2007 11:46am
307 Views
Post# 12570544

RE: Smittyfrompa

RE: SmittyfrompaTypically, with a Bakken production "test" of 200-250 BOD, a well will be brought on line choked down somewhat, in this case about 130-140 BOD. If any resevoir engineers are reading here, I think they would tell us that flows are reduced to protect the formation, and maximize long term production. Bison Resources, now part of VET.UN, had pioneered three leg Bakken horizontal wells (from one well bore), but it appears to me that PBG has figured something new and important here, by eliminating most of the water production. My WAG is that the Bakken play will produce a net 6000 BOD for PBG by year end 2007, and will be 15,000 BOD, by year end 2008. The "wildcard" is downspacing, and, IMO, today's PR was extremely conservative in stating wells per section. Don't be surprised, if, in 6-9 months, PBG announces they will double wells per section, to over 1000 total potential, on their acreage.
Bullboard Posts