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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

Post by drunk@noonon Feb 22, 2022 3:58pm
140 Views
Post# 34451516

A question to the technically wise re: oil wells.

A question to the technically wise re: oil wells.Given the large payzones, oil in place and talk in their press releases of high pressure, why does it seem that these wells are going to produce at a rate of well under 1000 bopd each. I would think the field could be produced more efficiently than punching so many low production wells when talking about going to deep. 
Thanks in advance.
I always appreciate from hearing from the knowledgable.
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