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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. 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. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).


TSX:TXP - Post by User

Comment by Goaweighon Dec 25, 2020 8:43pm
204 Views
Post# 32183155

RE:RE:RE:RE:RE:Interview with Paul in the papers....

RE:RE:RE:RE:RE:Interview with Paul in the papers....If successful I suspect Rotston will do a lot more than simply double production to 200 MMCFD.
The first 100 MMCFD is 3 wells at Casca/Casca Deep/Chinook @ 30 MMCFD and the remaining  10 MMCFD comes from COHO.
Paul also said he believes Cascadura and Chinook can support 6 to 8 wells each so that's an additional 9 to 13 wells and if each were capable of 30 MMCFD that would mean an additional
270 MMCFD to 390 MMCFD.

Royston is supposed to be a magnitude larger than either Cascadura or Chinook.

Even when we hit a huge well at Royston I suspect it may take awhile to run pipe out there so I wonder if we won't come back to Cascadura/Chinook and develop those further to increase the wave of cash, with one drill anyway, while we employ another drill to do more exploring, maybe drilling deeper on the west coast for instance.

If we get some joy in the bottom 68 feet at Chinook I don't know how we could just leave that on the back burner, we need to get a decent rig on that dirt and figure out what's down there once a for all !

Time to check the bird....later then and Merry Christmas. 






Taffypalmer2014 wrote: I especially am excited about the sentence saying Royston could double the
production to 200 MMCFD from 100. He has said in the past that Royston was
big but double the existing finds is huge.


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