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Cascadura Well Tests Deliver Combined Average of Over 10,600 boe/d
Cascadura Well Tests Deliver Combined Average of Over 10,600 boe/d Canada NewsWire...
About this update from Touchstone Exploration Inc
[{"type":"text","content":"\n\n\n\nCascadura Well Tests Deliver Combined Average of Over 10,600 boe/d\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\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March 11, 2020\n\n\n\nCALGARY, March 11, 2020 /CNW/ - Touchstone Exploration Inc. (\"Touchstone\", \"we\", \"our\", \"us\" or the \"Company\") (TSX, LSE: TXP) provides an exploration update, highlighted by an update on production testing of the Cascadura-1ST1 liquids rich gas discovery on the Ortoire exploration block, onshore Trinidad and Tobago (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest).\n\n \n \n \n \n \n \n\n \nProduction testing of the Cascadura-1ST1 well was performed in two stages. Stage one included the lowermost 162 feet of pay in the Herrera formation, and the second stage included 345 feet of pay in the upper part of the same horizon. Pressure recorders from the first stage of testing have been recovered, and the recorders for the second stage are expected to be recovered in the next month. Flowback testing of the second stage of production testing has been completed, and unless otherwise noted, all production volumes referenced herein are stated in gross figures.\nHighlights\nStage two flow testing supports an initial production range between 7,750 and 9,700 barrels of oil equivalent per day (\"boe/d\"), including an estimated 40 to 50 million cubic feet per day (\"MMcf/d\") of natural gas and an estimated 1,100 to 1,400 barrels per day (\"bbls/d\") of natural gas liquids, significantly exceeding pre-drill expectations. The second stage of production testing commenced on March 8, 2020 and achieved a peak flowback rate of 5,760 boe/d, including 29.4 MMcf/d of natural gas and 865 bbls/d of natural gas liquids. 24-hour extended stage two flow testing yielded an average of 5,472 boe/d, including 28.1 MMcf/d of natural gas and 783 bbls/d of natural gas liquids. Field estimates during the second stage of testing suggest an absolute open flow (\"AOF\") potential of 120 MMcf/d. As previously announced, initial testing commenced on Februar...