Touchstone Exploration said it is excited to announce a further large oil discovery at the Royston-1 well, onshore Trinidad, following the continuation of production testing.
The company, in a statement, detailed the findings of a second test that tested a second interval in the Royston well – confirming a light oil reservoir.
Touchstone highlighted that its downhole assembly was designed for a ‘liquids rich’ natural gas test which was not ideal for the conditions encountered in the interval, which flowed at a rate of some 430 barrels of fluid per day including a high proportion of water (c.90%), and it noted that future configuration is expected to isolate and maximise crude oil production.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.
