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Wednesday, August 13, 2025

Touchstone makes another discovery on land

by

1418 days ago
20210924
Touchstone’s Cascadura-1ST1 well in the Ortoire Block which may be one of T&T’s largest onshore gas reservoirs.

Touchstone’s Cascadura-1ST1 well in the Ortoire Block which may be one of T&T’s largest onshore gas reservoirs.

Courtesy Xavier Moonan

Touch­stone Ex­plo­ration Inc has en­coun­tered sub­stan­tial hy­dro­car­bon ac­cu­mu­la­tions as the com­pa­ny has an­nounced that it has com­plet­ed drilling the Roys­ton-1 ex­plo­ration well.

In a state­ment the com­pa­ny ex­plained ac­cu­mu­la­tions were based on drilling and wire­line log da­ta.

Touch­stone said Roys­ton-1 was drilled to a to­tal depth of 10,700 feet, be­ing the deep­est ex­plo­ration well drilled by Touch­stone to date.

“The Roys­ton-1 well was the fifth and fi­nal well of the first phase of our ex­plo­ration drilling pro­gramme on the Or­toire block, with log­ging da­ta in­di­cat­ing bet­ter than ex­pect­ed re­sults,” the com­pa­ny’s pres­i­dent and chief ex­ec­u­tive of­fi­cer Paul Baay said.

He said the amount of iden­ti­fied hy­dro­car­bon pay fur­ther ver­i­fies the op­por­tu­ni­ty in the block for the com­pa­ny’s fu­ture phase two ex­plo­ration pro­gramme.

“Pri­or to drilling, we tar­get­ed 200 feet of gross sand pay, with re­sults al­most dou­bling our ex­pec­ta­tions,” he added.

Pay is an ex­pres­sion used in hy­dro­car­bon min­ing. It de­notes a por­tion of a reser­voir that con­tains eco­nom­i­cal­ly re­cov­er­able hy­dro­car­bons.

Baay said the com­pa­ny had start­ed plan­ning pro­duc­tion test­ing op­er­a­tions in the Her­rera For­ma­tion us­ing the same equip­ment that ver­i­fied the Cas­cadu­ra dis­cov­ery.

“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,” he added.

James Ship­ka, the com­pa­ny’s chief op­er­at­ing of­fi­cer al­so not­ed that the Roys­ton-1 well has de­liv­ered on all ac­counts.

He said this con­firms 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.

Touch­stone has an 80 per cent op­er­at­ing work­ing in­ter­est in the well, which is lo­cat­ed on the Or­toire block on­shore in T&T. Her­itage Pe­tro­le­um Com­pa­ny Ltd holds the re­main­ing 20 per cent work­ing in­ter­est.


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