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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 Jan 15, 2024 1:29pm
134 Views
Post# 35827310

RE:What are options for improving production?

RE:What are options for improving production?1. Geology isn't very favorable for horizontal drilling (lots of faults and reduplications) plus the permeability and porosity does not require fracking. This is not the bakken or the permian or the montney with tight gas and miles and miles of flat horizontal benches. 

Best approach to Chinook is to test updip. Best approach to Royston yet to be determined.

2. It is economic to drill a couple of more wells at Coho to boost production at Coho facility  to 22 mmcf/day  which it is designed for. Those Coho development wells are in the queue but have been moved to 2H 2024 because Shell is doing some work on the Central Block gas plant late summer.

3. Cascadura gas is paid for at the wellhead prior to entering the NGC pipeline spur

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