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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 12:29pm
113 Views
Post# 31714313

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

RE:RE:Interview with Paul today.........link belowBut why can't we test Chinook sooner. I believe the answer was that the Rig, once moved back to Cascadura will block the route to Chinook. Say whaaaaaaaat !
Those sites are an acre or two of cleared land and various pieces of equipment must be moving around site all the time so we can't get a flat bed truck and some testing equipment past the rig to get to Chinook until drilling is over ???
That makes no sense to me but whatever the reason I'm certain Paul is doing his best to get eveything done in a timely manner.
A reaseach update maybe !



Proselenes wrote:
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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