Touchstone Exploration (TXP) - Positive Early Indications From Cascadura Well Test | HDYNQ Message Board Posts

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Msg  129847 of 129852  at  1/20/2020 2:09:44 PM  by

JS490


 In response to msg 129843 by  JS490
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Re: Touchstone Exploration (TXP) - Positive Early Indications From Cascadura Well Test

Paul R. Baay, President and Chief Executive Officer, commented:
 
“This is the best possible outcome for the initial test results from the Cascadura well, as natural gas and liquids have superior economic value under the Trinidad fiscal regime. Based on the information acquired while drilling, the thick sand we encountered in the well appeared to contain oil with some associated gas. It is now evident that it is likely a liquids rich gas structure. Given this is only the lowermost 162 feet of pay in the well, these initial results are extremely encouraging.”
 
 
 
jmo 


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Msg # Subject Author Recs Date Posted
129848 Re:TXP - High Gas Flow Rates From Cascadura Well Test JS490 0 2/6/2020 3:44:48 AM






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