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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 Feb 17, 2021 1:23pm
121 Views
Post# 32585922

RE:Explane

RE:Explane
They do not necessarily do that.  But the testing has several parts:

1. After isolating the zone and hooking up the equipment they do a n  extended flow test of 24 hours or sometimes a little less. Here is from Casca1 well:

Natural gas production testing commenced on February 4, 2020 with flow tests spanning a total of 36 hours, comprised of an initial clean-up flow period, followed by an initial shut-in period and a four-step rate test, including a final 14-hour extended flow test.

2. Then they do a pressure build up test,  they have to wait 2 weeks while the p[ressure builds.  Here again from Casca1-ST well:

• The well is expected to be shut-in for a two-week pressure build-up test, following which we anticipate completing and testing an additional 450 feet of identified pay.


So I don't know how many people are in the testing crew, but essentially they have to ewait 2 weeks.  When the second well is 1/3 cm away, it is tempting to think about maybe using that time to start on the other well, then shut that in and sequence back to the first well.  I don't know how practical that is, or whetehr the equipment is mobile.  But I know for a fagct they were having preliminary discusssions about whether they could go back and forth on the morning of Jan 14 as Paul was getting ready for a Pro-Active presentation.  Because he mentioned thise day of conversations.

I do not think that they have announced any updated testing schedule. Someone did ask what the biggest risk to the story unfolding in 2021 from testing Chinook and Casca Deep, getting Coho on production, drilling Royston, and then getting Cascadura 1 and Deep and also Chinook on production. He said the only risk was patience. Al;l those things are going to happen.
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