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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 Margin321on Dec 16, 2021 5:19pm
177 Views
Post# 34238624

RE:RE:Results on test of upper overthrust should be very soon

RE:RE:Results on test of upper overthrust should be very soonI hven't pulled the trigger on ignore #3.  Soon enough though.  I don't know why but  reading your rants is a little mesmerizing like watching the WalMart shopper videos.  I just know that arguing with you has the same impact as would arguing with some of them about their attire.

There is one advanced completion/test crew on Trinidad. It is a Schlumberger crew. They have advanced equipment.  They do the important off shore completions/tests off Trinidad. They are working at Royston right now.

I said no water in the test of the intermediate sheet that flowed 500 bopd and had to be shut off by heavy mud in order  to test the overthrust.  Read this from the RNS  if you want - there is not water throughout the reservoir as you have claimed. There is not necessarily water throughout the entire lower part of overthrust - we will learn more in a few days about that. We will also learn whether there is water in the upper part of the overthrust being tested right now. .

"the first and deepest Royston-1 completion and exploration test was designed to evaluate an interval at the bottom of the well in the intermediate sheet of the Herrera Formation. The completion spanned a 92-foot gross interval (30 feet of net pay) below 10,434 feet that was identified on wireline logs as being hydrocarbon bearing. Following completion and a brief clean-up period to recover load fluid, the well was shut in and built to a pressure of 3,150 psi at surface (estimated 7,100 psi reservoir pressure). The interval was subsequently flowed up 3.5-inch tubing on a variety of choke sizes between 16/64 inches and 40/64 inches at rates up to 550 bbls/d. The recovered oil was light, sweet crude with an average 33-degree API (corrected to 60-degree Fahrenheit) with sampling throughout flow testing indicating an average 94% oil cut with some solution gas present but not measured."
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