Touchstone Exploration Inc, a leading player in the energy sector, has made a robust start to the year with its Cascadura-2 well in Trinidad. The well was drilled to a depth of 7,132 feet, halting ahead of the planned 8,300 feet due to the encounter of a high-pressure gas zone, which Touchstone chose to preserve.
The analysis of the well disclosed a total sand thickness of approximately 525 feet in the targeted Herrera formation, suggesting the presence of a potential gas reserve. The company is now preparing the well for casing and is planning to initiate production testing directly into the Cascadura natural gas facility in Q3 2024.
Touchstone reported an average net sales volume of 8,504 barrels of oil equivalent per day (boepd) for Q4 2023, with the Cascadura field contributing a significant 6,854 boepd. For the entire year, the average net sales were 3,981 boepd.
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.
