Touchstone Exploration’s Trinidadian subsidiary, Primera Oil and Gas Limited has entered a new Asset Exchange deal with Lease Operators Limited to see the exchange of onshore Trinidad assets.
Touchstone will be transferring the Fyzabad, San Francique and Barrackpore blocks – which currently produce aggregate crude oil volumes of approximately 130 barrels per day (bpd) – in exchange for the Rio Claro, Balata East and Balata East Deep Horizons blocks, which offset the Ortoire block and currently produce aggregate crude oil volumes of approximately 35 bpd.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.