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Bullboard - Stock Discussion Forum 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... see more

TSX:TXP - Post Discussion

Touchstone Exploration Inc > Royston ST-1 testing.........
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Post by Proselenes on Jun 25, 2023 3:34am

Royston ST-1 testing.........

Prior guidance for a Royston side track was to get 500bopd production, to be put onto long term testing.

Remember, in Trinidad there is no time limit on "production testing" of a discovery and a well can be on "production testing" for a year or two or five.........its just an easy way around putting it onto production officially, and all the paperwork.

So any production from Royston ST-1 is immeadiate.

We should be, at this stage, hoping for something from the 2nd sub-thrust test and then 500 bopd from the 3rd intermediate test.

The idea being to comingle anything from the sub with intermediate and put it onto long term production testing.

500 bopd after the 2nd and 3rd tests are done would be an excellent result.

Less would be disappoibting, more would be fabulous.

2nd test results are next up......with the big one to follow, unless they have already done 2nd and 3rd and will announce both together, as opposed to 1 by 1.
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