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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 17, 2021 12:49pm
144 Views
Post# 34241144

RE:RE:RE:might have no results for days yet

RE:RE:RE:might have no results for days yet
we are getting closer to a mutual understanding of the Royston  intermediate sheet results

It is oil - 94% oil cut does not turn oil into water -  bpd doe not turn into bwpd unless there is water.  Where are you finding this water in the intermediate sheet. How can you say the entire reservoir is water throughout?

They only tested 30 feet of the lowest interval which had 270 feet of sands and  71 feet of net pay and was unbounded at TD  They got pure oil.  The pressurized  intermediate sands kept flowing  after thye moved uphole to the overthrust and they needed heavy mud to control it.



"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 then flowed up 3.5-inch tubing on a variety of choke sizes between 16/64 inches and 40/64 inches at rates up to 360 bbls/d of 34.5-degree API crude oil before being shut-in. Testing of this interval has been completed, and we are moving uphole to the well's primary production test intervals.

Although we only tested 30 feet of net pay in the lower section, we believe the results strongly suggest that all the sands encountered in the intermediate sheet (270 gross feet with 71 net feet of pay) are hydrocarbon charged. "

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