Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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.

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Touchstone Exploration Inc > Status update timeline

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Post by Domuson Apr 05, 2021 4:52am

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Post# 32936022

Status update timeline

After the latest news from Txp it is time for an update of the timeline ahead.

ca. 15.April - testresults from casca deep. The company will only test one interval if this comes out good and place it on production. They will not risc destroying the well by testing more intervals in the well. They believe chinook can have been partly destroyed through the testing procedured.

ca. 26.april - Coho online 500 000 $ net per month

ca. 4. May - spud Royston and results from the extended oilflow test at Chinook.

June - Royston td and testresults July

Chinook came out as a bad result, but it is still said to be a significant light oil find. At least 2 wells are already under planning to target this oilstructure to the south of chinook in updip locations.