Touchstone Makes Oil Discovery Onshore Trinidad



Touchstone Makes Oil Discovery Onshore Trinidad
Calgary-based Touchstone Exploration Inc. has made what it's calling a "significant" onshore oil discovery in the Republic of Trinidad and Tobago.

Calgary-based Touchstone Exploration Inc. has made what it’s calling a “significant” onshore oil discovery in the Republic of Trinidad and Tobago.

The company announced the find Monday with its Cascadura-1ST1 well on the Ortoire exploration block.

Touchstone said cased hole wireline logs indicated significant prospective oil pay of 1,037 feet from 1,374 feet of gross sand.

Some highlight results include:

  • 80 net feet of oil pay in the regional Lower Cruse sands
  • 180 net feet of oil pay in Upper Herrera Gr7c
  • 600 net feet of oil pay in Middle Herrera Gr7c
  • 177 net feet of oil pay in Lower Herrera Gr7a

“The well results far exceed any pre-drill expectations,” Touchstone CEO Paul Baay said in a company statement. “This well is not only a significant discovery and milestone for Touchstone, but we believe it also establishes a new development stage for onshore drilling in Trinidad. In the new year, we expect to test each zone independently in order to better understand the economic potential of the prospective oil sands, and if the findings are positive, it will set up an expansive development drilling program in the area.”

Touchstone said it expects to complete and test the Cascadura-1ST1 well in the first quarter of 2020.

To contact the author, email Valerie.Jones@Rigzone.com



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