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Touchstone Exploration: Second test 'confirms material size of discovery at Cascadura'

Touchstone Exploration Inc's (LON:TXP) Paul Baay skyped into the Proactive London studio after releasing the latest test results from the Cascadura well in the Ortoire exploration block.

The well has now delivered rates in excess of 10,000 barrels oil equivalent per day.

Baay says with domestic demand for natural gas in Trinidad exceeding current production they're working with industry partners to bring new supply on-stream as quickly as possible.

Quick facts: Touchstone Exploration Inc

Price: 74.9 GBX

AIM:TXP
Market: AIM
Market Cap: £137.94 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