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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 Proseleneson Oct 14, 2020 11:52am
131 Views
Post# 31714090

RE:Interview with Paul today.........link below

RE:Interview with Paul today.........link below
So Paul says they "run out of rig" and could go no deeper at Chinook.

We may indeed see a "Chinook Deep" well, in the same vein as Cascadura Deep.

But that will need a 2nd and bigger rig........ So I expect Royston to go ahead with the current rig and perhaps the first well of a new 2nd rig will be Chinook Deep.

To test the Cruse at the deep level, and of course appraise the shallower levels and be a 2nd producer at Chinook, just like Cascadura Deep will be the 2nd producer at Cascadura after its drilled.
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