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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 14, 2020 10:18am
117 Views
Post# 31713446

RE:RE:RE:RE:RE:RE:Chinook Prospect Size

RE:RE:RE:RE:RE:RE:Chinook Prospect SizeThanks, I used 620 acres at 600 feet of pay but no idea if the aerial extent is that large or larger.
For that matter I don't know how large our block is in this area.

But one more question, I'm a bit surprised we aren't testing this well sooner than later and wonder why, do we need this rig to stay on sight to run the tests which would dely Casca 2 ?
Couldn't we move this rig to Casca 2 and bring in differant equipment to run tests on Chinook, is it a manpower issue ?
Seems that so much of our value is dependent on reserves that getting flow rate info out to the market and particularly to our reserves engineers, would be a priority, not necessarily at the sacrifice of Casca 2 but still getting it done ASAP.....or even faster.



moric122 wrote:
Goaweigh wrote: Firstly Thanks for doing this , I'm certain everyone appreciates it and if they're like me enjoy playing with numbers and speculating.

Just to check my math I came up with 347 Billion CF

Anyone ?
 


I am in the same ball park Goa. However I think we need better comment from TXP on the extent of the prospect. They moved significantly updip from the BW7 well for their Chinook drill, what did this result represent in their model? As they speak about beating pre-drill expectations.

Cheers,
Moric


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