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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 Dec 19, 2023 11:20am
267 Views
Post# 35791718

The FN question is.....why is nat gas production at end of

The FN question is.....why is nat gas production at end of2024 only suppose to be 71 mmcf's/d after 2 more casandra wells are drilled? That's the exit rate they are giving on on the PR. This ontop of the flop the second existing well appears to be with it's 11 mmcf/d
production and heavy drawn down. And the go on top talk about an apparent fix by peferating additoinal pay zones  If their were all these bi-passed pay zones why weren't they perferated in the first place.
Something tells me it isn't going to be some easy fix. 
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