Touchstone announced its fifth consecutive discovery on the Ortoire block in Trinidad last week, with the Royston well encountering nearly 400ft of hydrocarbon pay, double pre-drill expectations. The discovery needs to be production tested to confirm its commercial viability but is thought to be the largest geological structure on the block in the Herrera formation, which could ultimately rival Shell’s 500 bcf Central block reserves. We are lowering our geological risking on Royston, which incre ....
27 Sep 2021
Touchstone Exploration - Royston discovery ahead of expectations
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Touchstone Exploration - Royston discovery ahead of expectations
Touchstone Exploration Inc (TXP:LON) | 44.0 0.2 1.1% | Mkt Cap: 103.1m
- Published:
27 Sep 2021 -
Author:
Jonathan Wright -
Pages:
8
Touchstone announced its fifth consecutive discovery on the Ortoire block in Trinidad last week, with the Royston well encountering nearly 400ft of hydrocarbon pay, double pre-drill expectations. The discovery needs to be production tested to confirm its commercial viability but is thought to be the largest geological structure on the block in the Herrera formation, which could ultimately rival Shell’s 500 bcf Central block reserves. We are lowering our geological risking on Royston, which incre ....