Heritage Petroleum Company Limited (Heritage) commemorates the successful drilling of the Royston-1 exploration well and is encouraged by the substantial hydrocarbon potential of the well and the prospectivity of the Herrera Sands. Heritage holds 20% working interest in the Ortoire Block joint venture, which is operated by Touchstone Exploration Inc (Touchstone).
To reiterate the results of the successful drilling program, the well was drilled to a depth of 10,700 feet and encountered total Herrera turbidite thickness of 1014 feet in two stacked reservoirs. Well testing will soon commence on the Herrera Formation, which will provide a better picture of the economic potential of the well.
Arlene Chow, CEO of Heritage commented, “The Royston-1 well results are very encouraging, especially for development of the Herrera plays, which I believe has significant potential both in the Ortoire block and elsewhere on Heritage’s acreage. I also commend the drilling teams for their safety performance and thank the teams at Touchstone, The Energy Chamber and the Ministry of Energy and Energy Industries who went the extra mile to ensure the availability of the COVID19 vaccine for the teams working closely together in the Ortoire block.”
Heritage wishes to recognize Touchstone for the successful completion of its joint venture operator obligations with respect to the first phase of exploration drilling on the lease.
Heritage is also pleased to highlight the collaborative effort between the Touchstone and the Heritage teams throughout the exploration campaign; from prospect identification, review and approvals and more recently, working together on necessary facility, road and bridge upgrades to facilitate the drilling activity on the block.
Heritage looks forward to the continued strengthening of its partnership with Touchstone as we progress towards the development phase and ultimately first gas production within the coming months at the Coho and Cascadura wells in the Ortoire block.