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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 sunnyboy11on Jan 07, 2022 3:47pm
172 Views
Post# 34294429

RE:RE:RE:RE:RE:RE:RE:Boxing Day sale extended to January

RE:RE:RE:RE:RE:RE:RE:Boxing Day sale extended to January Wrong.

High salinity salt water is very easy to process, it's done daily and is an expected by-product of oil production. Actually 100's of millions of barrels of salt water are produced every day around the world whether it's Saudi arabia, Brazi,l US, Russia etc...it's a given. Most production equipment is built for it. It is separated and injected back into the reservoir for pressure maintenance or as waste water into formations above or bellow the producing zone.

And there is lot's of processing capabilty for the 'sludge' as hydrocabon processing infrastructure has been in place in Trinidad for decades. It's a very mature producing area.

I agree with Jake1444 in the sense that it's all about the volume of oil that is assciated with the salt water in terms of water cuts and fluid volumes etc. The sustained oil rates determine whether the well is commercial or not.


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