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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 1Dreamwreckeron Dec 08, 2021 9:46am
181 Views
Post# 34210068

of course meaningful talk

of course meaningful talksure, of course.  However YOUR thinkin there is if it a pump iy is fine, if at all negative you report it to ban thr poster.  This is cuzz you caannot engage in anything but pumping.

here is a true life experience.  In the Slave Point in Alberta we drilled for oil and gas.  The gas was prolific with initial wells testing 100Mcfd.  the oil part came on at just under 1000 bs oil, ON TEST and yes usually with gas being the (expected) target the test was with normal 3" tube.  Anyway those wells tested 1K oil and about the same water.  The reservoir was so wet the wells soon were near 80% water, oil was 1000 barrels flush, ON TEST was, only a few months lster, or weeks on some, the wells were now averaging about 100 barrels oil mixed with about 1000 water.

within a year those wellls were worthless, in most cases within weeks, it just does not take long, under high flow rates for the oil to get less and water more.  This well certainly gets tested.  they will flow it for days to sell oil.  Baay knows this, he ran Vero and True, when True was an income trust the slave point was being produced.  He will use an analagous field with MORE GAS less water to compare the possibilities, yes possible, fair to point it out.  beware that compare, it is not apples to apples.

what is YOUR experience margin? 

Here it comes, he is going to repeat  his meaningful discussion part and call me a jack a$$ again.  Margin, do you read your own posts, is that not hypocritical to bring up want of meaningful when you just sank to name calling me.. wow sonny boy, that is quite the thinkin on your part
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