Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

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).

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Post by Proseleneson Jan 05, 2021 12:47am

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Post# 32221775

Update

Post by khan in the UK

I spoke to XM, rig is already on chinook site and flow test already commenced. They will test multiple zones for extended period, and result in late Jan. There is NO DELAY or any other logistics problem. Everything is on schedule.

Also, Casca deep test result in late feb (after Chinook test)

Royston spud in April, and there will be independent reserve update from Chinook & Casca-deep after flow test.

Further, he expects Cascadura alone has potential of 1.5 TCF gas & chinook also, have more or less same potential. (Aggregate 3 TCF from Casca & Chinook) plus expectations of 2 TCF in Royston. (In total 5 TCF of gas); if it’s proven, then it will be 50% of total gas reserve of Trinidad (11 TCF)

+ Steelhead is a mid-Miocine target.