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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 Jan 01, 2021 1:30pm
153 Views
Post# 32207477

RE:RE:RE:RE:RE:RE:RE:RE:RE:Pipeline

RE:RE:RE:RE:RE:RE:RE:RE:RE:Pipeline I believe the Rig we are using at Royston can go to 12000 feet but I can't remember what the TD is at Royston for that mid - Miocene target and do you know how much deeper the Cretaceous target would be ?
This may be a silly qustion but if you have a rig that can drill to 12,000 and you have a primary target at 10,000 and a secondary target at say 11,000 why not drill both while you've got the dam rig right there ? 
Why is it always Manana with this Co. or is it just me being impatient.
Thanks




Proselenes wrote:
What happens after Royston-1 is drilled ?

Well, the road to Casca/Chinook is going to be busy and work ongoing on both sites installing the surface facilities etc....

I believe, if Royston is a success, then they will drill another 2 wells at Royston and plan to bring on another 100 production when Royston goes into production.

Each well giving around 33 per day........

And of course, there is a massive Cretaceous prospect underneath the mid-Miocine gas target.

XM has already said that that Cretaceous target will be poked with a future Royston well, not the initial well, the initial Royston-1 is only going into the mid-Miocine gas target.

So that what I think will happen........ Royston-2 might appraise "the" (all being well) mid-Miocine target but be perfect for the sweet spot of that Cretaceous target which might be oil, or gas........we shall see.

Then a Royston-3 well after than........... allowing at the start of 2022 the surface facilities and pipework to be put in place for 3 wells at Royston while the rig goes off hunting those other 21 prospects........ ?????

Just my thoughts.


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