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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 Jul 15, 2021 9:02am
163 Views
Post# 33548274

RE:RE:RE:RE:Media article...with some nice snippets in

RE:RE:RE:RE:Media article...with some nice snippets in
Another one, much the same. Really looking forward to the Cascadura development plan timeline.

Paul talks below about 200 per day from Cascadura. Well yes, we know that when its "really flowing" in 12 to 16 months time, it will be at 200 per day. But when will that initial 60 per day be flowing ?

Coho - September/October - 10 mmscf/day

Cascadura - initial 60 mmscf/day ????????
Cascaudra 12 to 16 months - 200 mmscf/day


https://newsday.co.tt/2021/07/15/young-welcomes-exploration-strides-by-touchstone/

.........Touchstone Exploration CEO Paul Baay said in the last two years the company has successfully drilled four explorations wells to the Herrera sands in the Ortoire Block, and all were deemed discoveries.

“These are namely Coho-1, Cascadura- 1 ST1, Chinook-1 and Cascadura Deep-1.

"Touchstone has signed a key gas sales agreement with the NGC for the purchase of all gas produced from Ortoire Block. In the coming months Touchstone will bring online our first gas discovery – Coho – at approx 10mmscf/d.”

He said, “We are also working closely with stakeholders to complete the environmental impact assessment for the development of the Cascadura gas discoveries which can see a potential 200mmscf/d liquids rich gas added onto national production, and we are currently completing our testing at Chinook-1 and expect such gas production to be added via pipeline back to the Cascadura facility.”.........
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