Touchstone Exploration on a drilling roll at Ortoire project

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  • Touchstone Exploration makes progress on exploration towards initial gas production
  • Touchstone Exploration overview as firm eyes number of milestones in the second half of 2021
Touchstone

Quick facts: Touchstone Exploration Inc

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Touchstone Exploration is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders.

13 Aug 2021

(, , , ) reported an increase in production from its base assets in Trinidad as it continued to work towards a four-well development programme in the fourth quarter of the year.

The group carried out a US$6.66mln exploration programme during the three months ended 30 June, primarily focused on well production testing at Cascadura Deep-1 and Chinook-1, together with various preparations for first drilling at the much-anticipated Royston prospect, including seismic shooting and pipeline installation.

Royston-1, the final minimum exploration commitment well at the Ortoire block, was spudded post-period, on August 12.

“The positive cashflow derived from our base assets and our strong liquidity position have allowed us to advance our exploration operations while we work towards initial natural gas production at our Coho and Cascadura discoveries,” said president and chief executive Paul Baay.

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22 Jun 2021

(LON:TXP, ) has executed a 10-year lease operatorship agreement which sets up a round of drilling to support production in Trinidad.

The 10-year extension covers the CO-1, CO-2, WD-4 and WD-8 blocks which span the group’s legacy oil producing properties.

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25 May 2021

() provided an update on the Cascadura Deep-1 well, in the Ortoire block in Trinidad, which has been boosted by new well pressure data.

The company, in a statement, noted that pressure gauges were recovered from the well on May 17 and analysis of the data confirms Cascadura Deep as a significant ‘liquids rich’ discovery. Touchstone’s findings indicate a pool of “significant size and reserves potential”.

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23 Aug 2021

(, , , ) (AIM:TXP, TSX:TXP, OTC:PBEGF, ) Paul Baay joins Proactive London’s Katie Pilbeam after reporting an increase in production from its base assets in Trinidad.

Baay explains how they continue to work towards a four-well development programme in the fourth quarter of the year.

He updates investors on well production testing at Cascadura Deep-1 and Chinook-1 and the much-anticipated Royston prospect. Royston-1, the final minimum exploration commitment well at the Ortoire block, was spudded post-period, on August 12.

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Touchstone Exploration overview as firm eyes number of milestones in the…

Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF, FRA:PNW1) (AIM:TXP, TSX:TXP, OTC:PBEGF, FRA:PNW1) Paul Baay joins Proactive London’s Katie Pilbeam after reporting an increase in production from its base assets in Trinidad.

Baay explains how they continue to work towards a…

15 hours, 33 minutes ago

4 min read

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