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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 Margin321on Mar 25, 2021 5:58am
106 Views
Post# 32873342

RE:RE:RE:CO2 EOR Western Fields

RE:RE:RE:CO2 EOR Western FieldsNo the new Canadian rig was contracted because it has more capability to handle high pressure situations like cascadura where the deepest  targeted sands were not able to be reached in first two wells because of high pressures and high gas flows from the prolific upper formations. (not a bad problem to have). And better able to drill deeper targets like Kraken. It has more horsepower and is more advanced overall. 

But as a bonus it is very suitable to drill shallow wells on western lands because the jackknife design makes it easy to move quickly from one site to the next. Plus it should be able to drill more quickly. It should be able to drill those wells with rapid cycle time. 
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