Touchstone has spudded Coho-1, the company's first exploratory well on its Ortoire property. The company anticipates drilling to take c. 28 days, followed by testing which it anticipates should take up to 30 days. 2Q19 oil sales were 1,768 bbl/d, increasing to 1,829 bbl/d through the first 6 days of August 2019. The company anticipates maintaining this in 3Q19 through further well optimization and recompletions. A well optimisation programme in 2Q19 resulted in various wells being offline dur
08 Aug 2019
FLASH: Spudding of COHO-1 in Trinidad
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FLASH: Spudding of COHO-1 in Trinidad
Touchstone Exploration Inc (TXP:LON) | 43.0 -0.2 (-1.1%) | Mkt Cap: 100.7m
- Published:
08 Aug 2019 -
Author:
Taro Kiley -
Pages:
2
Touchstone has spudded Coho-1, the company's first exploratory well on its Ortoire property. The company anticipates drilling to take c. 28 days, followed by testing which it anticipates should take up to 30 days. 2Q19 oil sales were 1,768 bbl/d, increasing to 1,829 bbl/d through the first 6 days of August 2019. The company anticipates maintaining this in 3Q19 through further well optimization and recompletions. A well optimisation programme in 2Q19 resulted in various wells being offline dur