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Touchstone Exploration: Production testing programme at Chinook-1 confirms presence of hydrocarbons

Touchstone Exploration Inc's (LON:TXP) Paul Baay joins Proactive London to discuss their reserves update, which he believes equates to a significant upgrade. 

He addresses the testing which is at the forefront of many investors’ minds, Baay explains the reasons behind the delays in testing the gas bearing zones at Chinook and Cascadura Deep. 

There has been good progress with testing for oil in two zones at Chinook but with mixed success on the results but Baay is encouraged by the results. 

He also address the positive operational news as well from Coho and when investors can expect to see first production and what that is likely to do to Touchstone’s revenue stream.

Quick facts: Touchstone Exploration Inc

Price: 117.5 GBX

Market: AIM
Market Cap: £246.04 m

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Touchstone Exploration reveal 'really exceptional' flowback testing of the...

Touchstone Exploration Inc's (LON:TXP, TSE:TXP) Paul Baay talks to Proactive London about the 'really exceptional' flowback testing of the Cascadura Deep-1 well in Trinidad, confirmed a ‘liquids rich’ discovery. Touchstone owns an 80% stake in the well, highlighted that it had perforated the...

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