RE:Touchstone Third Quarter 2021 Results and Operational Update I thought the PS-610 well was pretty promising, but I guess the market participants is pretty spoiled with the Cascadura and Royston success.
Does anyone know what: "we expect initial production rates to be in line with internal forecasts." means in real numbers?
"Development drilling
Drilling with the newly imported Star Valley Rig 205 commenced on our WD-4 block on October 6, 2021 with the PS-610 well, reaching a depth of 7,589 feet on October 19, 2021. While drilling in the lowermost section of the well, a high-pressure natural gas zone was encountered which required an increased mud weight that resulted in a stuck pipe event. After multiple recovery attempts, we abandoned the wellbore and sidetracked uphole. PS-610ST commenced drilling on October 31, 2021 and reached a total depth of 6,975 feet on November 9, 2021. Wireline logs indicate that the well encountered a total of 807 feet of sand and 370 feet of net oil pay at depths between 3,900 and 6,900 feet as follows:
| Upper Forest Formation | 108 feet |
| Lower Forest Formation | 236 feet |
| Upper Cruse Formation | 26 feet |
| Total | 370 feet |
The well also encountered 353 feet of gross sand in the shallow Morne L'Enfer Formation of which 349 feet is prospective oil pay. The Morne L'Enfer Formation is productive in many parts of Trinidad; however, economic production has not been established in the Grand Ravine WD-4 area. While PS-610ST will not be testing these sands, these results represent a future opportunity which will be further investigated by our subsurface team.
The PS-610ST well is currently being cased for oil production, and the drilling rig will be mobilizing to our WD-8 block where it is expected to drill two development wells off a single pad. Once the rig is off the PS-610ST location we will proceed with its planned initial completion in the Upper Cruse Formation. Based on offset well and wireline log data, we expect initial production rates to be in line with internal forecasts."