# Touchstone Exploration Coho project currently in final phase

- Link: https://www.directorstalkinterviews.com/touchstone-exploration-coho-project-currently-in-final-phase/4121070110
- Published: 2022-06-27T07:20:40+01:00
- Author: Giles

**[Touchstone Exploration](https://www.directorstalkinterviews.com/company/touchstone-exploration-inc/txp.l)
Inc.** (TXP, [LON:TXP](https://www.directorstalkinterviews.com/company/touchstone-exploration-inc/txp.l))
has provided an update on the operational progress across the Ortoire block, onshore
Trinidad. Touchstone has an 80 percent operating working interest in Ortoire block,
with Heritage Petroleum Company Limited holding the remaining 20 percent working
interest.

**Coho**

·      The pipeline from our Coho facility to the Central block has been completed,
and hydrotesting is scheduled to commence this week upon which the pipeline will
be ready for first gas.

·      The surface facility is 98 percent complete with all infrastructure in place,
including instrumentation, tanks and the communication tower, which will enable 
the transmission of gas meter data to our offices in Calgary and Trinidad.

·      Construction is underway on the 63-foot above ground pipeline to the Central
block tie-in point, which is the final requirement of the project.

·      Upon completion of the tie-in, commissioning and handover of the pipeline,
Coho natural gas production will commence with the expectation that production will
increase over time to 10 MMcf/d (1,667 boe/d) gross, 8 MMcf/d (1,333 boe/d) net.

·      Coho will be the first onshore natural gas project to come onstream in 20
years, representing an important milestone for both Touchstone and the Republic 
of Trinidad and Tobago.

·      Based on the current contractor schedule and expected pipeline commissioning
and handover process, we are targeting full production in August 2022.

**Cascadura**

·      Workstreams across the Cascadura area are progressing with several important
deliveries, including the separators and vapour recovery units, scheduled to arrive
in Trinidad in the coming weeks.

·      Surveying of the lease expansion, pipelines, roads, and future drilling locations
has commenced, along with the treatment of drilling pits for reclamation.

·      Three major construction contracts for the Cascadura facility have been procured
to date with local contractors and are consistent with our pre-design budget.

·      We continue to wait for the approval of the Environmental Impact Assessment(“
EIA”), with all the relevant reports and information submitted for regulatory review.
Following the anticipated approval and submission of the required notice periods,
we intend to proceed with construction of the surface facility, access roads, liquids
pipeline and future development drilling locations. The onstream date of the Cascadura
facility will be determined by the timing of receipt of the EIA approval.

·      Initial gross aggregate natural gas and associated liquids production from
our Cascadura-1ST1 and Cascadura Deep-1 wells has been budgeted at 11,500 boe/d (
9,200 boe/d net), and the Cascadura natural gas processing facility has been designed
for a maximum gross capacity of approximately 200 MMcf/d of natural gas and 5,000
bbls/d of associated liquids (38,333 boe/d).

**Drilling**

·      The Royston surface equipment has been repositioned to accommodate the future
sidetrack of Royston-1 to test the intermediate and subthrust sheets of the Herrera
Formation.

·      Upon approval of the Cascadura EIA, an additional drilling pad at Cascadura
will be constructed to accommodate the first two future budgeted development wells.

·      The timing of our future Ortoire drilling program will be evaluated once 
Coho is on optimal production and we have received approval of the Cascadura EIA.

**Environmental Incident**

On Wednesday, June 22, 2022, an oil transfer line on our Fyzabad block was cut. 
We have determined that the cut line was an act of vandalism, and the local police
and all relevant in-country authorities have been notified. Based on current information,
we estimate that approximately 250 barrels of oil was released. No personal injuries
were reported, and reclamation efforts are underway. All impacted residents are 
being assisted while cleanup activities are conducted. Touchstone has engaged a 
contractor to monitor air quality across the affected area, and  the return of residents
to their homes will be guided by the ongoing test results. We will continue to support
those affected during the duration of the cleanup and reclamation and do not expect
a material impact to our base production expectations as a result of this matter.

**Paul Baay, Touchstone Exploration President and Chief Executive Officer, commented:**

_“We are pleased that we are nearing completion of the Coho project. We are currently
focused on the final phase which is the tie-in at the Central block. The components
required for the assembly have been designed and fabricated in Trinidad and are 
onsite being installed by a local contractor. Following installation, the assembly
will require testing and commissioning prior to first gas, with  production volumes
expected to double our current production on a boe basis. Concurrently, there has
been consistent activity at Cascadura while we await receipt of the EIA approval.
We would like to thank our stakeholders for their continued patience, and we look
forward to updating the market in due course.”_

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