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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

Comment by homebrewrusson Oct 06, 2020 1:47pm
153 Views
Post# 31674195

RE:RE:RE:RE:RE:last update the 14th?

RE:RE:RE:RE:RE:last update the 14th?
Hi all, my first post here. I normally post on advfn in the UK.
 
The shares presentation was actually on the 9th September when they were at 6000ft.
It was 26 days from spud until the shares presentation to drill 6000ft which with a few days for covid and casing would be just over 300ft a day. 
 
It's been approx 27 days since the presentation to drill the remaining approx 3900ft. 
They were dure to set more casing at 7800ft and presumably the drilling from 6000ft to 7800ft wouldn't have been too slow.
Anyway say 250 ft/day average (approx 16 days) for the 3900ft plus 4 days for casing/covid and a week for logging would bring us to today ish.  
That's without any other issues.
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