Jeg må laste opp mer i morgen. Skal bort neste uke…
CALGARY, ALBERTA (September 24, 2021) - Touchstone Exploration Inc. (“Touchstone”, “we”, “our”, “us” or the “Company”) (TSX, LSE: TXP) reports that the Company has completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Touchstone has an 80 percent operating working interest in the well, which is located on the Ortoire block onshore in the Republic of Trinidad and Tobago. Heritage Petroleum Company Limited (“Heritage”) holds the remaining 20 percent working interest.
Highlights
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Royston-1 was drilled to a total depth of 10,700 feet and is the deepest exploration well drilled by Touchstone to date.
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Mud logging and wireline logs indicate hydrocarbon accumulations in the Lower Cruse, Karamat and Herrera sections.
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The well encountered a total Herrera turbidite thickness of 1,014 feet (609 feet net sand) in two stacked thrust sheets.
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An aggregate 393 gross feet of hydrocarbon pay was identified in two unique thrust sheets in the Herrera sands from 9,700 feet to total depth, with wireline logs indicating that the well was in hydrocarbon pay at total depth.
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The well is currently being cased and prepared for production testing of the Herrera Formation.
Paul Baay, President and Chief Executive Officer, commented:
“The Royston-1 well was the fifth and final well of the first phase of our exploration drilling program on the Ortoire block, with logging data indicating better than expected results. The amount of identified hydrocarbon pay further verifies the opportunity in the block for our future phase two exploration program. Prior to drilling, we targeted 200 feet of gross sand pay, with results almost doubling our expectations. The team has commenced planning production testing operations in the Herrera Formation using the same equipment that verified the Cascadura discovery. I would also like to commend the team for drilling the well safely and in adherence to all health protocols. With the assistance of the new seismic and upcoming production testing data, we anticipate this to be the largest geological structure identified on the block in the Herrera Formation.”
The Royston-1 exploration well was spud on August 12, 2021 using Well Services Petroleum Ltd. Rig #60. The well was designed to explore the potential of a thick sequence of Herrera sandstones contained in an overthrust sheet which was observed in the offsetting OL-4 well drilled by Shell Trinidad Limited in 1965. The primary targets of the Royston-1 well were the Gr7a and Gr7bc Herrera sands in an upper thrust sheet at an approximate measured depth of 9,700 feet. The Royston-1 well was designed to penetrate the Herrera section that was observed but not tested in OL-4 at a structurally optimized position based on legacy and new seismic data and was drilled approximately 300 feet deeper to investigate a lower thrust sheet identified by Touchstone’s subsurface team.
Drilling samples and open hole wireline logs indicate that the well encountered a significant Herrera turbidite package with a total observed thickness of more than 1,000 feet. The overall Herrera section drilled in Royston-1 contains approximately 609 feet of clean sand, of which 393 gross feet in two unique thrust sheets appear to be hydrocarbon pay based on mud gas logging and open hole logs. Approximately 30 feet of hydrocarbon pay was detected in the shallow Lower Cruse Formation, and 30 feet of pay was noted in the Karamat Gr7a sands. Based on wireline logs, the Royston-1 well was hydrocarbon charged at the well’s total depth of 10,700 feet.
James Shipka, Chief Operating Officer, commented:
“The Royston-1 well has delivered on all accounts, confirming that the world-class Ortoire Herrera Fairway is well developed through the Royston structure, and most importantly, verifying the presence of hydrocarbons within these targeted Herrera Formation sands. The Royston structure was reimaged by our recent 2D seismic survey revealing a SW-NE trending anticline measuring nearly 7.2 kilometres in length and 1.8 kilometres in width. The 393 feet of identified hydrocarbon pay exceeded our objective, and while we believe the discovery to be natural gas, we will wait for testing results to confirm. The testing results will also provide us with deliverability capability as the porosity measured at Royston-1 is lower than Cascadura but similar to data seen at other offsetting producing wells. The noteworthy hydrocarbon accumulations in the lower Karamat sands give us additional insights into the geological deposition and hydrocarbon migration in the Ortoire area and are encouraging for our future second exploration phase. We anticipate commencing production testing in late October and providing full results when available.”
The Royston-1 well was the final exploration commitment under Touchstone’s Ortoire Exploration and Production Licence. The Company has an 80 percent working interest in the licence but is responsible for 100 percent of the drilling, completion and testing costs associated with the initial five exploration wells. Heritage holds the remaining 20 percent working interest. Touchstone had no reserves booked for the Royston-1 well in the Company’s December 31, 2020 independent reserves report. Further testing is required to determine the economic viability and potential of the well, and the Company plans to commence completion and production testing operations in October 2021.
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Bra dette ja, opp 30% i London nå.
“text book type operation”, “doubled our expectations” 
Oljefunn i første av 3 tester på Royston-1.
Overraskende (for meg), men høres absolutt positivt ut!
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Maks 3 uker til test av mest spennende sone.
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Ja, test 2 innen utgangen av november og test 3 ditto desember. Blir spennende framover
- “The second test is expected to be completed within the next three weeks, and we anticipate the third and final test to be completed by the end of December 2021.”
Mere olje i 2. testsone på Royston. Synes det ser spennende ut, men markedet har vel forventet gass…
Ned 7% snart i London, så ja. Får se i løpet av dagen. De har jo ikke kommet med estimat på hvor mye olje det er… det vil vel ta tid før markedet får informasjon hvor bra det er
Bra oppdatering av PB.
- Touchstone Exploration presents details of further large oil discovery at the Royston-1 well
Julekule
Produksjonstestingen framover blir veldig spennende. Jeg har trua, selv om markedet virker veldig lunken…
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Bra presentasjon av og Q&A med PB her.
For de som har trua kan det være gode muligheter til å posisjonere seg fram til resultatene av Royston-evaluering forventet i mars…
Kursen er nå lav nok
Bra kjøpsanledning synes jeg, Royston er verdsatt til 0, ingen forventninger der liksom 
Oppstart leveranse av gass fra Coho tidlig mai og Cascadura begynnelsen av august.
Anslår 100 (Coho 10, Cascadura 90) mmscf per dag innen utgangen av året.
Fortsatt optimistisk angående potensialet på Royston, med anslått peak produksjon 10-12 000 fat 7 dag i løpet av de neste par årene.
Og om mulige reserver:
Baay added, “I can only tell you part of it because we are in the middle of doing an independent engineering report which will come out on March 14, but just from what we have seen from the seismic we have shot and the well we drilled, this is a structure that is approximately 7km long and 2km wide and it holds hundreds of millions of barrels of oil (in place) we know that now and what this is going to mean is a very active drilling programme and I think significant volumes of oil for the country coming out of that block for the next couple of years.”
… when I say hundreds of millions of barrels, that’s oil in place so whether you want to put a 5 or 10 or 20 percent recovery factor on it, it kind of gives you a recovery factor.
Mon tro hva han mener med den siste kommentarer - at han synes prosentene er for lave?
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Økt interesse for Txp igår.
Mulig det fortsetter, iom. flere triggere utover vår/sommer/høst (produksjonspåkoblinger og borringer).
Josef Schachter with Top picks, TP 6$ in a few years.