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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 > What are options for improving production?
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Post by Skeeter97128 on Jan 11, 2024 6:32pm

What are options for improving production?

I am interested in opinions regarding getting lemonage from this lemon.  What are the options to get oil and gas out?  Which options are not practical or economica?

For example:  Does it make sense to convert Royston or Chinook to a lateral fracked well?

Is it economic to drill another well or two at Coho to boost production?

Did I miss the notice that we are getting paid for the gas delivered?

All detail you are willing to provide greatly appreciated.
Comment by Margin321 on Jan 15, 2024 1:29pm
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 ...more  
Comment by Margin321 on Jan 15, 2024 1:31pm
3. Cascadura gas is paid for at the wellhead prior to entering the NGC pipeline spur. It is invoiced and paid promptly within the next  month (I think about the 20th.) There are no issues with payment.
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