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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

Post by 1geoguyon Sep 27, 2021 11:21am
210 Views
Post# 33923904

if only people knew about royston

if only people knew about roystonmaybe it moves upon testing results.  I guess it depends on deliverability in the end.  until the well is put on test and we have an extended flow test the market is passing on this.  A big mistake!  this structure is very, very large.  this well could be on to a 2 tcf pool that could be part of a 5 tcf fairway.  Let me remind you the failure at Chinook was not on trend with cas.  This structure is on trend with Cascadura which is large itself.  This is the gas fairway!  This is a big find, it opens up TXP to maybe the next few years of development on cascaudra and royston.  any number of wells that should each add 20+ Mmcfd.  txp now needs to get some cash flow.  put these wells on production and add more production.
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