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Cascadura Deep-1 Well Test Confirms Liquids Rich Natural Gas
Cascadura Deep-1 Well Test Confirms Liquids Rich Natural Gas Canada NewsWire ...
About this update from Touchstone Exploration Inc
[{"type":"text","content":"\n \n \n \n Cascadura Deep-1 Well Test Confirms Liquids Rich Natural Gas\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n April 12, 2021\n \n /CNW/ - Touchstone Exploration Inc. (\"Touchstone\", \"we\", \"our\", \"us\" or the \"Company\") (TSX: TXP) (LSE: TXP) announces the completion of flowback testing of the Cascadura Deep-1 well, confirming a liquids rich natural gas discovery. Touchstone has an 80 percent operating working interest in the well, which is located on the Ortoire block onshore\n \n Trinidad and Tobago\n \n (Heritage Petroleum Company Limited (\"Heritage\") holds the remaining 20 percent working interest).\n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n Touchstone perforated the top 199 feet of the 449 feet identified as potential pay in sheet four of the overthrust Herrera formation on\n \n April 8, 2021\n \n .\n \n \n The average flowback rate during the extended 24-hour test period was approximately 4,262 boe/d, including 22.9 MMcf/d of natural gas and 449 bbls/d of NGLs.\n \n \n Peak flowback rate of approximately 4,567 boe/d was observed, comprised of 24.5 MMcf/d of natural gas and 477 bbls/d of NGLs.\n \n \n Approximately 48.8 MMcf of natural gas (8,138 boe) and 1,081 barrels of NGLs were produced during the testing period.\n \n \n Field analysis indicated liquids rich gas with no hydrogen sulfide and no produced water.\n \n \n The well is currently shut-in for a minimum four-week pressure build-up test.\n \n \n \n \n \n Paul Baay\n \n , President and Chief Executive Officer, commented:\n \n \n \n \"\n \n The positive test results from Cascadura Deep-1 further expands the opportunity on the ...