Touchstone Exploration Inc T.TXP

A question to the wise. Does the oil find increase the...

[drunk@noon]

chances of success for the gas component of Royston. The press release seemed to allude to this. And Paul, who has been careful since Chinook flop is touting Royston as a success. Thus were their additional factors that were uncovered by this success. Or is it just because having oil in the basement point to a material increase in the chances of success. Paul seems like a thoughtfull guy who doesn't want to burn investors and thus it seems the latest results has made him seem  certain in Royston's success.

[smxmcx2]

I can't answer your question but Royston is already a success. The question is how much better does it get.

[exponential1]

I think they've been consistent in the releases Touchstone, Heritage and Minister that they believe Royston will be a gas discovery.  The only way they'd get that confidence is observing gas effect on the neutron compared to the density porosity.  There was no mention of doing a MDT/RFT/DST.  And given the wells and results obtained thus far we should know what the logs are

[Proselenes]

Porosity gets better the higher up the well bore you go. So if you can flow oil at the bottom, where porosity is lowest, then you should be 99.9% certain you can flow easier gas higher up the well bore. So yes, it should be fairly certain that the 2 gas zones will flow - but lets wait for the results before celebrating again for the 2nd test and again for the 3rd test.

[WelshGeo]

I listened to Paul Bay on a Proactive interview today and based on the language he used this first test is on a separate thrust sheet which had "some of the crappiest rock in the wellbore".   Thus the surprise when it flowed oil.  He said that the upper reservoirs were much better quality in what he referred to as the gas play.   He also indicated that these are two

[Margin321]

Of course is a lot better that the lower sand sheet is all oil with no water and no gas. At Chinook the lower zone was water with trace of light oil, and that was same finding in upper zone.  I think at Royston they are also more confident in the wire line findings and the mud logs. At Chinook the well bore was damaged. By reports the Royston drill was clean, trouble free, and "textbook