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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 1geoguyon Sep 29, 2021 1:45pm
191 Views
Post# 33937624

RE:RE:Relative perm

RE:RE:Relative permyou do not this stuff until you drill it.  Each deposit would be different content and the permability is alo different.  They said 'small grained' and that says lower porosity as well.  finer grained sand will lay over each other with less open pore space to hold oil and water, or gas.  That says tighter and that is lower porosity, that means the ability to flow through it.  Again would be less than Cascadura, but cas was a monster well.  Those wells are few.  the size at royston of the footprint is big.  much larger than cascadura but less porosity etc, less flow, less reserve per hole etc.

Nothing is worth doing here unti we see the flow test.  then of course finding the edge of the reservoir. 

I  just put my money on them having a large gas field at royston, maybe the wells only  test 40Mmcfd on a AOF basis, huge winner with so many development well possibilities to drain that structure.

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