Photo: James Shipka, COO Touchstone Exploration, speaking at the T&T Energy Conference
Touchstone announced final production test results for the Coho-1 well on the Ortoire exploration block. According to the company, flow and build-up test results suggest an Absolute Open Flow (AOF) rate of 46.0 million cubic feet per day (mmcfd) which is equivalent to approximately 7,671 barrels of oil equivalent per day (boe/d).
James Shipka, Chief Operating Officer, Touchstone Explration said, “Final testing of the Coho-1 exploration well displayed natural gas rates that greatly exceeded the Company's expectations and is expected to materially contribute to our near-term growth. With production testing and analysis completed and verified independently, the Company has a clear indication of the potential of Coho-1 and is moving forward to bring the well on stream in the first half of 2020."
The company stated that the natural gas rates observed during testing were significantly higher than the Company's pre-test expectation of 8 MMCFD while water rates were significantly lower. They added that compositional analysis of the produced gas indicated 98.7% pure methane, with no hydrogen sulfide content, negligible associated measurable liquids and no sand or sediment.