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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 Proseleneson May 13, 2021 12:23am
147 Views
Post# 33189475

RE:RE:RE:RE:RE:RE:Xavier on Facebook

RE:RE:RE:RE:RE:RE:Xavier on Facebook
You do realise that gas and oil is actually there at Chinook ??  It has not "disappeared".  Firstly, gas will always flow before oil, it requires less permeabilty for gas to flow rather than oil.

The company have informed you that its hydrocarbon bearing.  Xavier has done his job.  Now the question is.......is the formation a problem and the formation is not commercial due to poor permeabiluty ? or has the wellbore been messed up by drilling fluid or by completion cement..........those are of course nothing to do with Xavier.  His job is to find hydrocarbon bearing formations..........and he has.

They are putting the well on to pump for 60 days and will see if they can get oil out of it and overcome either the problems caused by the formation itself, or by the drilling fluid, or by the cementing...........and then oil may flow, or it may not.

The issues of drilling fluid and casing cement and wellbore damage are for people like Baker Hughs and Schlumberger to advise TXP.......not Xavier, this is not his field of expertise.

So always remember, while the market is currently pricing Chinook COMPLETE STRUCTURE as a total write off...........it  certainly is not, and indeed, even Chinook-1 might flow oil in the comnig 2 or 3 months.......although most likely not, it might............ but certainly when they drill Chinook-2 and Chinook-3.........there should be loads of oil for us all.
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