Touchstone Exploration Inc. announces that flowback testing of the first stage of the Cascadura-1ST1 well has been completed, confirming that the well is a significant liquids rich natural gas discovery. Highlights Cascadura-1ST1 production testing commenced on February 4, 2020, with the first stage testing the lower most 162 feet of a total of 777 feet of identified pay in the Herrera formation. Average flowback rate [...]
Touchstone Exploration Inc. provides an exploration update, highlighted by the first stage of production testing of the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. The Cascadura-1ST1 production test was designed to evaluate a potential oil zone as indicated by cased hole logs. On commencement of testing, significant pressures and natural gas volumes were [...]
Touchstone Exploration Inc. , is pleased to announce the final production test results for the Coho-1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago . The final test results have been reviewed by the Company's independent reserves and resources evaluator, GLJ Petroleum Consultants Ltd. , and the following information is intended to complement initial test results previously [...]
Touchstone Exploration Inc. announces that the Company has made a significant crude oil discovery with the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. HIGHLIGHTS Cascadura-1ST1 cased hole wireline logs indicated significant prospective oil pay totaling 1,037 feet from 1,374 feet of gross sand. 80 net feet of oil pay was encountered in the regional Lower Cruse [...]
https://youtu.be/XtlpWg4lkhw The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View from the C-Suite videos visit www.tmxmoney.com/en/news/csuite.html) About Touchstone Exploration Inc. [...]
Touchstone Exploration Inc. provides production test results for the Coho-1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. As previously reported, the Coho-1 exploration well was spudded on August 7, 2019 and was drilled to a total depth of 8,560 feet. Wireline logs indicated approximately 64 feet of prospective natural gas pay in the Herrera Gr7b formation between 5,486 and 5,782 [...]
Touchstone Exploration Inc. reports its operating and financial results for the three and nine months ended September 30, 2019. Selected information is outlined below and should be read in conjunction with Touchstone's September 30, 2019 unaudited interim consolidated financial statements and related Management's discussion and analysis, both of which will be available under the Company's profile on SEDAR and the [...]
Touchstone Exploration Inc. announces a C$5 million increase of its term credit facility to an aggregate of C$20 million, which the Company will use to fund the drilling of the second exploration well on its Ortoire concession and for general working capital purposes. The terms of the October 31, 2019 amended term credit agreement are materially unchanged from the term credit facility established in November 2016 and [...]
Touchstone Exploration Inc. announces that its first exploration well has encountered four zones with prospective natural gas accumulations on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. Highlights Coho-1 was drilled to a total depth of 8,560 feet in 28 days and is currently being cased for further evaluation. Coho-1 well logs indicate significant prospective natural gas pay in four [...]
Touchstone Exploration Inc. announces its financial and operational results for the three and six months ended June 30, 2019. Selected information is outlined below and should be read in conjunction with Touchstone's June 30, 2019 unaudited interim consolidated financial statements and related Management's discussion and analysis, both of which will be available under the Company's profile on SEDAR and the Company's [...]
Touchstone Exploration Inc. announces that drilling operations have commenced with the spudding of the first exploration well on the Ortoire block. The Company also provides an operational update. Highlights Spudded Coho-1, the Company's first exploratory well on its Ortoire property, on August 7, 2019. Achieved crude oil sales of 1,768 barrels per day and 1,944 bbls/d for the three and six months ended June 30, 2019 [...]
Touchstone Exploration Inc. announces that on June 12, 2019, it held its annual general meeting of shareholders. During the business proceedings at the Meeting, Touchstone's shareholders approved the following resolutions: 1. Resolution to fix the number of directors of the Company to be elected at the Meeting at seven. 2. Shareholders approved the election of seven nominees as directors of Touchstone to serve until the [...]