Touchstone Exploration Inc. has released its financial and operating results for the three months and year ended December 31, 2023. The company reported significant achievements and milestones in its annual performance.
In the fourth quarter of 2023, Touchstone said it saw notable financial and operational highlights. Its average quarterly production surged by 151% to 8,504 barrels of oil equivalent per day (boe/d), with 79% attributed to natural gas, reflecting a full quarter of Cascadura production volumes.
Touchstone commissioned and achieved first natural gas and associated liquids production from the Cascadura facility on September 6, 2023. It delivered average daily production volumes of 3,981 boe/d, marking a 152% year-over-year increase.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.