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Full interview: Positive update on Cascadura for Touchstone Exploration

Touchstone Exploration (LON:TXP)says that the first stage of testing at the Cascadura-1ST1 well, at the Ortoire exploration project in Trinidad, has been suspended so the company can source alternative equipment capable of handling higher volumes of both natural gas and liquids.

CEO Paul Baay tells Proactive London how significant pressures and natural gas volumes were encountered upon commencement of ‘clean up’ flows, all of which was a nice surprise but unexpected.

"This is nothing short of transformational for Touchstone.", Baay says.

Quick facts: Touchstone Exploration Inc

Price: 108 GBX

AIM:TXP
Market: AIM
Market Cap: £225.4 m
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Touchstone Exploration raises US$30m for production at Ortoire project

Touchstone Exploration's (LON:TXP) Paul Baay explains why the company has decided to raise US$30m via a share placing. Baay talks through the reason for the funding, which is to advance ongoing and successful programmes within the Ortoire project. The Trinidad oil and gas firm is issuing...

3 weeks, 5 days ago

2 min read