Touchstone Exploration Inc. says testing on its Royston-1 exploration well has confirmed a light oil discovery.
The well, which was spud on August 12th, 2021, was drilled to a depth of 10,700 feet.
Touchstone’s President and Chief Executive Officer, Paul Baay, says his company is “excited to discover a promising new light oil pool in the deepest test section of the Royston well. The discovery of light oil at depths below 10,400 feet represents a huge success for us in this well.”
Touchstone has an 80% operating working interest in the well, which is located on the onshore Ortoire block. Heritage Petroleum Company Limited holds the remaining 20% working interest.