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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 Apr 15, 2021 12:05pm
112 Views
Post# 33000891

RE:Twiter TXp private group

RE:Twiter TXp private groupI guess that exactly what is a fact may be  in the eye of the reader of the post  - and might be in dispute.  Are you sure there was no  interpretation? The Deep part of Cascadura deep has yet to be touched, it was targeted twice but both attempts failed because they had to stop drilling early because of high pressures.  At Cascadura Deep they did test an intermediate zone not previously tested at Cascadura1-ST.  Anyway, if your contribution to Twitter private group was not at all controversial, why not just repost it here?

This is the entirety of what the company said on March 31 about this intermediate zone (lower than the gas charged  upper thrust sheets, but above initial cascadura deep tartget).

<<The Company completed testing a low resistivity zone in the intermediate thrust sheet that showed elevated gas readings during drilling. While indications of hydrocarbons were apparent while drilling through this secondary interval, wireline logs indicated low resistivity prompting the Company to test the interval to gaina further understanding of reservoir characteristics. The primary purpose of the test was to correlate
reservoir salinities with wireline log responses to define pay intervals during potential development of the Cascadura Deep-1 structure. As expected, based upon the low resistivity readings, the tested interval yielded predominantly water with minor amounts of hydrocarbon emulsion and was subsequently abandoned.>>



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