Touchstone Exploration has completed drilling the Royston-1X exploration well and has announced that the well encountered substantial sands in the targeted Herrera Formation. Mud logging and wireline logs indicate hydrocarbon accumulations in the targeted Herrera sections. The well is currently being cased and prepared for production testing.
Touchstone Exploration set to production test expectation-beating Royston well proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Trade and Industry Minister Paula Gopee-Scoon said that Heritage Petroleum Company’s Ltd recent refinancing of the Trinidad Petroleum Holdings Ltd (TPHL) group’s debt to the tune of US$975 million has resulted in an upgrade of the groups S&P rating from B+ to BB. She made the statement in response to a question by Opposition Senator