Touchstone Exploration drilled the Coho-1 well in back in August and are currently conducting production tests on the well. It was previously announced that gas was encountered.
According to a release from the company, the average natural gas rate was 17.5 MMCFD.
Touchstone President and CEO, Paul Baay said "These positive well test results represent a new era for Touchstone as we expect to add significant natural gas volumes to our production base. The results outline the opportunities that still exist for onshore Trinidad exploration and position Touchstone to become a top three onshore petroleum producer.”
Baay also indicated that “the Coho-1 well is in the smallest prospect of the Ortoire exploration program.
He said that Touchstone will proceed to tie in the well through a 3-kilometre pipeline to an existing production facility that has capacity in excess of this well's estimated production rates.
It is anticipated that the well will be brought into production during the first half of 2020.
Touchstone is the operator of the Coho-1 well with 80% working interest while Heritage Petroleum Company Limited holds 20% working interest