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Touchstone Updates Chinook and Cascadura Deep Testings
Touchstone Updates Chinook and Cascadura Deep Testings Canada NewsWire ...
About this update from Touchstone Exploration Inc
[{"type":"text","content":"\n \n \n \n Touchstone Updates Chinook and Cascadura Deep Testings\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n March 31, 2021\n \n /CNW/ - Touchstone Exploration Inc. (\"Touchstone\", \"we\", \"our\", \"us\" or the \"Company\") (TSX: TSP), (LSE: TXP) provides an update regarding exploration operations on the Ortoire block, onshore\n \n Trinidad and Tobago\n \n (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest).\n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n Completed and tested the third interval at Chinook-1 encountering 35 degree API gravity crude oil; further evaluation is required to determine commerciality.\n \n \n All three Herrera thrust sheets in Chinook-1 encountered light oil indicating the structure is predominantly oil charged.\n \n \n Chinook-1 will be placed on pump for an extended production test to evaluate the reservoir and guide future development.\n \n \n The service rig is on location at Cascadura Deep-1 to complete the lowermost gas zone in the Herrera overthrust sheet, which is scheduled to be perforated within a few days.\n \n \n \n \n Chinook-1 Production Testing\n \n \n \n Touchstone is currently evaluating the third formation test at Chinook-1, having completed the overthrust Herrera sheet in the well on\n \n March 25, 2021\n \n , perforating 115 feet of the formation at depths between 8,320 and 8,435 feet. The well accumulated pressure to 2,100 psi at surface immediately after being completed, and flow back testing commenced on\n \n March 27, 2021\n \n . The well recovered load fluid with minor amounts of 35 degree API gravity oil and formation water. Low flow back rates indicate that an artificial lift is required to determine the wells' production potential. By putting the well on pump, the Company can evaluate the deliverability of the zone and assess possible formation damage that may have occurred during drilling. Touchstone will commence installation of the pumping assembly when the service rig has compl...