Touchstone Exploration Inc. confirmed the presence of light crude oil at non-commercial rates during the first Royston-1X well production test on Ortoire block, onshore in the Republic of Trinidad and Tobago.
Five potential production tests will evaluate the lowest subthrust sheet of the Herrera formation at depths between 11,102-11,168 ft. The first test was of the least prospective section in the well.
During testing, the well did not flow oil to surface. Swabbed volumes were analyzed by a third party confirming 40° API gravity formation crude oil, representing the deepest oil encountered on the block to date. This section of the formation appears to be a low permeability reservoir, and further testing will not be conducted.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.
