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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 Nergyon Sep 24, 2021 7:55am
207 Views
Post# 33912973

RE:RE:RE:RE:RE:Rig not up to task

RE:RE:RE:RE:RE:Rig not up to task
Proselenes wrote:
Royston was permitted to 10,700 feet.  And they drilled to 10,700 feet.........as per the permit granted.

The rig was fine, and everything was done to plan.




You're saying that the drill was limited to 10700 feet I've only read that it was planned to that depth.

"The primary target is the Herrera Gr7a and the Gr7bc sands at a depth of approximately 9,600 feet, and the well is planned to terminate in the Gr7bc formation at an estimated total measured depth of 10,700 feet "

The Herrera sands was about 100 feet deeper than pre drill expectations. Would have been interesting to go a little deeper but you could be right that 10700 feet could be the limit due to permitt and contractual obligations.


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