Touchstone Exploration Inc. said Monday it had found “non-commercial rates” of light petroleum in the least prospective part of the Royston-1X well in Trinidad and Tobago, which it said was an encouraging result.
The first of planned five production tests in the sidetrack well in the onshore Ortoire block involved depths of 11,102-11,168 feet in the subthrust sheet of the Herrera Formation, the Canadian company said in a press release. Oil did not come up to the surface, Touchstone said.
“Swabbed volumes were analyzed by a third party confirming 40 degrees API gravity formation crude oil, representing the deepest oil encountered on the Ortoire block to date”, it added. “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.
