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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: 75 GBX

AIM:TXP
Market: AIM
Market Cap: £138.12 m
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Touchstone Exploration CEO reports 'healthy cash position' as it spuds...

Touchstone Exploration's (LON:TXP) Paul Baay talks Proactive's Andrew Scott through its second quarter results and operational update. Touchstone reported average daily production of 1,396 barrels per day in the period with an operating netback of $10.73 per barrel. Baay says they maintained...

on 14/8/20

2 min read