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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 smitloon Dec 06, 2021 9:16am
255 Views
Post# 34201566

RE:RE:Large oil discovery :)

RE:RE:Large oil discovery :)

So from what I gather we will need Royston Deep to further evaluate the intermediate and sub thrust since this well was not optimally positioned for those intervals and obviously not deep enough to test sub thrust. They list 500' of potential pay for this well. So exciting upside here.

Also sounds like our delay was in controlling flow in first test before moving up hole. So, if I am reading correctly, if they get a successful third test, they plan to to do a combined test with the better intervals in test 2 with test 3. 

Bottomline, while test 2 was disappointing, we have a long way to go ( including another well) before fully assessing what we have here at Royston. I wonder if Royston Deep is moved up the que in front of Kracken and others?

Would love to see the open hole log to know how all these test intervals compare to get a better idea of what to expect from test 3.

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