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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 29, 2021 7:28am
180 Views
Post# 34174928

RE:Tonight or tomorrow night?

RE:Tonight or tomorrow night?
The Thursday 11th of November RNS said clearly :

https://uk.advfn.com/stock-market/london/touchstone-exploration-TXP/share-news/Touchstone-Exploration-Inc-THIRD-QUARTER-2021-RES/86525124

........Royston

As previously reported, the Royston-1 well was spud on August 12, 2021 and was the final exploration commitment well under our Ortoire licence . Drilling samples and open hole wireline logs indicated that the well encountered a significant Herrera turbidite package with a total observed thickness of more than 1,000 feet. The overall Herrera section drilled in Royston-1 contained approximately 609 feet of clean sand, of which 393 gross feet in two unique thrust sheets appeared to be hydrocarbon pay based on mud gas logging and open hole logs.

Initial completion and production testing operations commenced on October 20, 2021. The first of three scheduled production tests was completed between 10,434 and 10,526 feet and, as previously announced, proved the Intermediate Herrera section to be a 34.5-degree API crude oil reservoir which flowed at rates up to 360 bbls/d during testing. Based on wireline logging and drilling data, we are configuring the next two uphole primary production test intervals to evaluate probable liquids rich natural gas prospects, with flowback and full buildup analysis planned for each zone. The second test is expected to be completed within the next three weeks, and we anticipate the third test to be completed by the end of December 2021.......




So they had not started testing the 2nd section as per the 11th of November, so three weeks from the 11th of November takes us to Thursday 2nd of December.

And they only said "expected to be completed"........so really news could come any day this week, or even Monday next week.
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