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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 Goaweighon Oct 13, 2020 4:04pm
104 Views
Post# 31708677

RE:RE:RE:Chinook Prospect Size

RE:RE:RE:Chinook Prospect SizeWow, you answered that very pleasantly. I'm impressed. Now does anyone know how many wells we are allowed in 628 acres or is there a limit in T&T and how many would we need to optimize production.
In Canada aren't we limited as to how many wells we're allowed to drill in one section ?

Thanks


Wildcattter wrote: and now you can go about the size yourself goweight...  but a 50Million pool at the high perm and ultra high deliverability seen at cas. would make this a prime target.  wells at the high end could do over 10,000 bopd and the costs look to be low... a few wells would be ok .. and then when you know the pool do horizontals to drain the lost drop... unless you talk secondary recovery... in high oil price world a great way to add reserves.

bring on me big oil well suckers..


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