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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 Jun 27, 2021 11:17am
193 Views
Post# 33457463

RE:Royston

RE:Royston"mid-July" has not been meaning "mid-July" for a very long time.   I hope once that refurbished bigger rig gets drilling that this one well at Royston, final well of first exploration program, goes smoothly. I hope they can drill it to total depth in a month or two, release wireline data, and then immediately bring in completion crew to flow test the well, get reserves, get an estimate for production from this one Royston well, and jump start work on a development plan. At Chinook and Casca Deep even the completion crew was delayed by months.

I also hope that before the Royston well is tested that Coho is producing and development plan at Cascadura project is accepted and construction has started (by NGC) on the pipeline spur to the current Casca drill pad.  If not then even a Royston discovery is just going to make it look like things might happen there in a couple of years. 
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