Touchstone Exploration through a release, announced that flowback testing of the first stage of the Cascadura-1ST1 well has been completed. The testing confirmed that the well is a significant liquids rich natural gas discovery.
Testing also revealed that a peak flowback rate of 5,736boe/d, including 30.2 MMcf/dof natural gas and 710bbls/d of natural gas liquids
Paul Baay, President and CEO of Touchstone said "The Cascadura production test results represent a dramatic change for Touchstone, as it confirms the monumental resource potential of the Ortoire exploration block following the earlier success of our Coho-1 well. Furthermore, the test results are only attributable to the lower most portion of the well, and with 450 feet of contiguous sand to be tested, the full potential of the structure is yet to be defined.
“To put these results in context, our average daily oil production for the three months ended September 30, 2019 was 1,729 bbls/d. The modelling from the final test results at Coho-1 supports initial gross production rates between 10 to 12 MMcf/d per day (approximately 1,667 to 2,000 boe/d) with Cascadura now set to provide a further step change”, he added
Additionally he said, “Given these results, the Company will focus on multiple tie-in scenarios in order to maximize economic value. The Ortoire exploration block continues to consistently and dramatically outperform expectations and presents an exciting new opportunity for both Touchstone and the onshore oil and gas industry in Trinidad."
Testing revealed that a peak flowback rate of 5,736boe/d, including 30.2 MMcf/dof natural gas and 710bbls/d of natural gas liquids
Cascadura-1 exploration well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest)
James Shipka, COO, Touchstone also said “The exceptional performance of the initial Cascadura test demonstrates the tremendous potential of the high-quality Herrera turbidites on the Ortoire block. The Coho and Cascadura discoveries have proven our turbidite model and indicate that the main sand fairway extends through a large portion of the Ortoire block. These discoveries provide further confidence as we move forward with two further exploration wells at our Chinook and Royston prospects which are targeting separate structures along the same geological trend."