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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).


TSX:TXP - Post by User

Touchstone Exploration Inc > A question to the wise re: oil flow test on 2nd zone.
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Comment by Bully1985on Mar 17, 2021 3:35am
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Post# 32814402

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A question to the wise re: oil flow test on 2nd zone.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A question to the wise re: oil flow test on 2nd zone.

I don't think there is a set guidance that 1 barrel of API 35 oil will yield x amount of gas. 


what I do know is that one of the primary reasons for doing a EWT is for fluid sampling. The EWT will determine how much oil/gas comes from one unit. The other reasons for EWT to to determine a field production plan - how many wells/where to put them -, accurate reservoir size, initial pressure, boundaries, skin effects and permeability

remeber light crude oil flows a lot faster than the heavy, mid like oil. I'm not sure what everybody is worried about on the Chinook zones. The well logs are in line with the offsetting well at Barrickpore where 127MMBO reserves were discovered. I'm 99% certain the oil at Chinook is commercial - they just want to de risk it by performing a EWT. 

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