Touchstone Exploration Inc (PBEGF)

[pro_s2009]

Just looking back, the Lower Section on the Casca-1 well, initial results were as follows below - this was before the pressure build up tests were done to calculate the AOF. The ongoing tests now are also the Lower Section



Stage one testing (Lower Section at Casca-1 in 2020)

Stage one was completed on January 17, 2020, and natural gas production testing commenced on February 4, 2020 with flow tests spanning a total of 44.5 hours, comprised of an initial clean-up flow period, followed by an initial shut-in period and a four-step rate test, including a final flow test which was extended to a total of 24 hours.

Stage one testing achieved a peak production rate in excess of 5,735 boe/d (12% liquids) during the extended 24-hour flow test period.

This production rate included 30.1 MMcf/d of natural gas and 710 bbls/d of natural gas liquids, with a flowing pressure of 3,305 psi through a 40/64" choke.

During the final 24-hour extended flow test period, the well averaged a production rate in excess of 5,157 boe/d (13% liquids), including 26.8 MMcf/d of natural gas and an estimated 691 bbls/d of natural gas liquids.

The flowing pressure of the well during this test period was 3,296 psi through a 40/64" choke, resulting in an estimated 20% drawdown. A total of 39.4 million cubic feet of natural gas (6,570 barrels of oil equivalent) was produced during testing, with 959 barrels of natural gas liquids and 41 barrels of water. During the final extended flow test, Cascadura-1ST1 yielded 55° API natural gas liquids at a ratio of approximately 26 barrels of natural gas liquids per million cubic feet of natural gas produced. Laboratory analysis of the produced gas indicated liquids rich natural gas with no hydrogen sulfide content.