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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 Sep 30, 2021 3:30am
171 Views
Post# 33942181

RE:RE:Pipeline

RE:RE:Pipeline
Coho is nothing to do with TXP.  Its all down to Shell and the NGC.  Totally out of TXP control.  Delays are all due to Shell..........

Royston will go into production in 2022, it will be quick and easy to develop as all the groundwork will have been done with Cascadura.

Cascadura wells are limited by formation damage, they were still cleaning up on testing.  Its expected that Cascadura wells, when drilled cleanly, can flow at anything up to 90 mmscf/day.  So it will not take more than a couple of wells to fill that 200 mmscf/day pipeline by end of 2022.

TXP I am led to beleive expect the first two wells, Casca ST1 and Casca Deep 1 to keep cleaning up on production and between them might get to 90 mmscf/day by mid 2022 (45mmscf/day each)

Rosyton was drilled clean, and Carapal Ridge-1 well flowed at 60 mmscf/day on test.  There is a good chance that Royston-1 willl flow at around, best case, 30+mmscf/day on test. 

People really are forgetting that the Cascadura wells were drilled and had formation damage, thats why they did not flow that well (even though they were 20+mmscf/day) they could have been up near 90 mmscf/day each  if drilled clean and well and no formation damage.
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