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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 Jul 17, 2023 10:33am
140 Views
Post# 35544058

RE:RE:Originally management claimed cas 1 would come on at 60mcf

RE:RE:Originally management claimed cas 1 would come on at 60mcf
Pro is right, projections have been clear. Now they have to deliver.

They expect 30-45 from Casca 1 and many 20 from Casca Deep.  Casca Deep is mor einjured and should have bigger increment during clean up. The final fro those two weels should be something like 50 - 55 and 35-40. 

The expectations for boe/d  has been set at 9200 initially (won't be instantaneopus but quickly) with optimization potential by end of yer of another 3067 boe/d.  That 12,2067 boe/d compares to total company production of  2,139boe/d in Q1, 2023.

One worry is that Coho production has never met the projection (it is currently about 50% of projection at 5-6 mmcf/day)  but that is largely because it has to be choked to keep pressur elow enough for the Shell processing facility (so it does not back off Shell's own lower pressure input to the plant). No problems like that at cascadura where gas directly enters the huge 30" NGC pipeline over at Poole Valley valve station.


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