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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 WelshGeoon Jan 13, 2022 10:55pm
204 Views
Post# 34315489

RE:RE:RE:WelshGeo, you seem to know your stuff. Do you think

RE:RE:RE:WelshGeo, you seem to know your stuff. Do you thinkI assume that 1explosiveGUY’s comments on the 5th of Jan were in response to my post on December 22nd.   Here is my response which is specifically for 1explosiveGUY as follows:
 
“one poster likes long ramblin posts and talk about what usually happens in a reservoir.  now, he cannot use water drive recovery as a basis for this royston can he?”

Actually, I did suggest that there is water drive.  To quote “The intermediate zone has oil and water, probably oil sitting on a significant aquifer (based on the water cuts)”.  Forgive me for using the facts.

“so he uses the excellent reefs that produce with a long heavy oil from the venezuela basins... that is ridiculous.”

You are quite right that is ridiculous, in fact, I didn’t say it at all, but you just have.  By the way, what is a “long heavy oil”  I’m not familiar with that term?

“I never said gas adds to the already sealed reservoir, that is your theory.”

No, it’s not my theory and I didn’t say anything like that.  What I said was “All fluids (and gas) removed from the reservoir will drop the reservoir pressure.   Gas expansion occurs because of the drop in reservoir pressure and does not add energy into the reservoir which @1explosiveGUY seems to suggest "those other pools had lots of gas to drive up oil production by maintaining pressure".

Where exactly did I say that gas was added to the reservoir?  In fact, you are right you didn’t either.  What you did say was that gas in the reservoir would maintain pressure as the oil is produced.  It doesn’t maintain pressure at all.  It expands (or comes out of solution) because the pressure in the reservoir drops as oil is produced.  It’s called depletion, but you already know that as you quote decline rates.

“I never said txp would go bankrupt cuzz they work in a jungle”

My bad cuzz, I missed out a comma.  Here is the corrected statementThis is an area which @1explosiveGUY seems to be fixated on (well, apart from well costs, development costs, water injection, the jungle, and bankruptcy for Touchstone).  You will see there is a comma after jungle.  You are quite correct; they are two separate things that you are fixated on.

where did I say 90% decline?  that is so stupid of that poster to say
.

You are right that would be stupid.  You said 75% which is what I quoted you as saying.

but what the hell, he is another wannba that seem to need to quote me or misquote me, guess those wannabes see a real oil guy and think they wannbe so go after the one real oilguy here

You can’t be serious; you are the one real oilguy here?  Well, this is one that I definitely didn’t say!
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