Touchstone’s first production test at the Royston-1 discovery has confirmed a light oil discovery in the lowermost section of the well, adding further potential to this future development. This is a long way from the Chinook disappointment, with oil in place thought to be at least 100 mmbbls, and potential significantly larger. This should be easily and economically developable and raises confidence levels for the deeper Kraken Cretaceous exploration prospect, which management will be keen to ge ....
08 Nov 2021
Touchstone Exploration - Royston first test confirms light oil
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Touchstone Exploration - Royston first test confirms light oil
Touchstone Exploration Inc (TXP:LON) | 43.0 -0.2 (-1.1%) | Mkt Cap: 100.7m
- Published:
08 Nov 2021 -
Author:
Jonathan Wright -
Pages:
5
Touchstone’s first production test at the Royston-1 discovery has confirmed a light oil discovery in the lowermost section of the well, adding further potential to this future development. This is a long way from the Chinook disappointment, with oil in place thought to be at least 100 mmbbls, and potential significantly larger. This should be easily and economically developable and raises confidence levels for the deeper Kraken Cretaceous exploration prospect, which management will be keen to ge ....