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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 Nov 14, 2021 7:02am
220 Views
Post# 34124314

RE:RE:RE:Oil migration and Chinook/Royston - some thoughts and pics

RE:RE:RE:Oil migration and Chinook/Royston - some thoughts and pics
The next question ahead is............What If.........

What if the Royston-1 Overthrust Herrera 7bc is also Light Oil.........so we have a second and even bigger, like massive, light oil discovery in the 2nd test of the Overthrust 7bc ? Now that the Intermediate Sheet 7bc is proven flowing light oil.

Royston-1 is updip of Shell OL-4. Shell OL-4 was looking for oil but got "gas effect".

Updip Royston-1 should be in higher porosity rock than downdip OL-4. We already know deep down Royston-1 flows.

So there is a chance, that in fact Shell simply drilled in a sub-optimal place, with bad wellbore damage, and the gas they saw was in fact gas from the oil, which never flowed at that location.

But it may well flow, if its oil, at the Royston-1 location updip in better quality rock.

So, will the 2nd Royston test also yield light oil ? and is Royston simply a massive oil discovery in its own right ?

Stay tuned for the 2nd test results - expectation liquids rich gas - upside light oil - downside nothing flows. Spin the wheel...............
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