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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 Margin321on Dec 31, 2020 12:07pm
185 Views
Post# 32203790

RE:RE:RE:Pipeline

RE:RE:RE:Pipeline
I think they will have to use the bigger rig (contracted to drill Royston in Q2) to go deeper at Cascadura and at Chinook.  The Wells Service Rig almost lost it on Cascadura ST and couldn't handle the pressure at Cascadura Deep even after it had been upgraded to higher HP.

Do that will make any deeper well at Cascadyura or at Chinook an end of Q2 event, if then.  Depends on where they want to go next with the bigger rig, how long they have it contracted, other factors. They could drill the deeper zone at Cascadura right from the same site which saves prep time compared to what would be needed to go after a whole new discovery. .
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