‘s () Paul Baay joins Proactive London to discuss their reserves update, which he believes equates to a significant upgrade.
He addresses the testing which is at the forefront of many investors’ minds, Baay explains the reasons behind the delays in testing the gas bearing zones at Chinook and Cascadura Deep.
There has been good progress with testing for oil in two zones at Chinook but with mixed success on the results but Baay is encouraged by the results.
He also address the positive operational news as well from Coho and when investors can expect to see first production and what that is likely to do to Touchstone’s revenue stream.
Read More: Production testing programme at Chinook-1 confirms presence of hydrocarbons