Touchstone Exploration hits stride with Cascadura project

Trinidad-based Touchstone Exploration is celebrating success with its Cascadura project, evident from the company’s third-quarter results released on November 14. The impact of Cascadura’s initial output on both production profile and operating cash flows has been substantial, as highlighted by Paul Baay, the President and Chief Executive Officer.

Baay expressed optimism about the influence of Cascadura’s early production on operational and financial aspects, foreseeing substantial enhancements in both areas. 

Touchstone achieved a milestone by initiating production from the Cascadura-1ST1 well on September 6, 2023, followed shortly by the Cascadura Deep-1 well on September 14, 2023.

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.

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