Touchstone Exploration Share Discussion Threads

[ngms27] 28/7/2021 14:12

Yes, come back in six months, should be materially different then :)

[dougdig] 28/7/2021 14:04

Thanks ngms27 - more patience then!

[ngms27] 28/7/2021 13:49

No after processing.

[dougdig] 28/7/2021 13:43

Is that 1 hour after completion of seismic or 1 hour after processing completed?
Xavier's post suggests to me it is one hour after completion of seismic so I guess they have a good idea now?

[homebrewruss] 28/7/2021 11:49

Re Seismic, Xavier said this in a tweet back in December:
'Processing of four 2D lines of these lengths usually take no more than a month..usually less.. interpretation..haha - prob 1 hour..we know what we are looking for!'

[pro_s2009] 28/7/2021 10:33

Seismic completed........updates coming in due course.

[ballymoss18] 28/7/2021 07:21

Zea Servant is on her way with the new drill ETA in Trinidad port 3rd August.

[1domus] 27/7/2021 20:03

They are pressure testing to find out if it is commercial. If the IP were too low, I guess that a pressure test would not be done. In other words - the IP flow was interesting…as I see it.

[thebull8] 27/7/2021 18:27

They are doing flow and pressure tests. Pressure test can take three weeks I believe. I think they are looking to avoid any further embarrassing climb downs when they state SIGNIFICANT GAS DISCOVERY on one RNS and then no gas on the next....they are being cautious

[gopbg] 27/7/2021 15:44

Chinook listed on website presentation ( slide 5) as an Oil discovery

[ngms27] 27/7/2021 14:18

The two are one and the same. It's just an extended well test to measure pressure responses and build up. This allows them to get a better handle on reservoir size, effective permeability and production profile. i.e. Much better than just carrying out a DST over 36 hours.

They might as well do this as it ain't being put on production for a while yet.

[herman007] 27/7/2021 13:21

As far as I understand, they moved directly from flow to pressure testing without sharing any results. Test results expected around the middle of August according to the company.

[chrysalis99] 27/7/2021 12:49

Anybody have insight as to why the Chinook testing is taking this long?

[davidblack] 27/7/2021 10:37

Not the ideal location in the humid sub tropics.

[davidblack] 27/7/2021 10:34

The issue with Chinook was the testing equipment not being available for months rather than the immediate post Christmas period as had been suggested.

That at least should not happen again?

[sturm2] 27/7/2021 10:08

Chinook was spud august 13th 2020 btw. We got the infamous "SIGNIFICANT NATURAL GAS DISCOVERY" October 14th and the latest update March 31st. And we're still in the dark regarding commerciality.

[sturm2] 27/7/2021 10:02

They're still testing & evaluating Chinook. So... IMHO it's impossible to know when results from Royston will be known. Even a "had to stop, pressure too high" will make some investors go "oh, just like Chinook".

[pro_s2009] 27/7/2021 01:36

New Star Valley rig getting loaded to ship to Trinidad

[pro_s2009] 27/7/2021 01:35

Lets have some nice pics :

Rig 60 on site at Rosyton

[davidblack] 26/7/2021 21:29

MNIK sadly that’s not been the history so add 50% latitude at a minimum?

[mynameiskhan] 26/7/2021 21:25

60 days drill & then test

[buffythebuffoon] 26/7/2021 20:28

13 days port to port.

Buffy

[davidblack] 26/7/2021 20:15

2 or 3 months to drill and a month to test? So October or November maybe?