Touchstone Exploration Inc T.TXP

Status update timeline

[Domus]

After the latest news from Txp it is time for an update of the timeline ahead.

ca. 15.April - testresults from casca deep. The company will only test one interval if this comes out good and place it on production. They will not risc destroying the well by testing more intervals in the well. They believe chinook can have been partly destroyed through the testing procedured.

ca. 26.april - Coho online 500 000 $ net per month

ca. 4. May - spud Royston and results from the extended oilflow test at Chinook.

June - Royston td and testresults July

Chinook came out as a bad result, but it is still said to be a significant light oil find. At least 2 wells are already under planning to target this oilstructure to the south of chinook in updip locations.

 

[Proselenes]

Pretty much ties in with what I heard. Casca-1 will produce from the Upper zone of the overthrust. Casca-Deep-1 will produce from the Lower zone of the overthrust.

[Wildcattter]

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[Margin321]

The lower zone of the overthrust has 500 feet of pay at Casca Deep, substantially more than at Casca1.  Hoping they can prodcue 30 mmcf/day from that zone, if it tests the  same as the lower zone at Casca1 - which it should since it is the same reservoir sand, only 900 feet away. Meanwhile the plan all along has been only to produce the upper zone at Casca1. They should add a minimum

[Proselenes]

449 feet to be precise........... The well encountered 449 net feet of hydrocarbon pay in the Gr7abc section of Sheet 4 of the overthrust Herrera sands at measured depths between 6,050 and 6,532 feet. These sands correlate to the lower sands discovered and tested in Cascadura-1ST1 at depths between 6,162 and 6,350 feet. The gross Sheet 4 section encountered at Cascadura Deep-1 is more than 245

[Domus]

If the flare is lit on casca deep, they are on schedule to release some testfigures next week as my timeline suggests. cheers