Touchstone Exploration Inc (LON:TXP) has told investors it plans to press ahead with the drilling of the Chinook prospect, in Trinidad, unless it becomes “absolutely necessary” to suspend operations due to the coronavirus (Covid-19).
Operationally, the company’s focus is on delivering the Coho and Cascadura discovery wells – which will significantly boost production volumes – and drill Chinook which follows on as the third well on the Ortoire block.
Posting full-year results on Thursday, the AIM-quoted oil firm also noted that it has immediately responded to the significant global economic uncertainty created by the Covid-19 pandemic and the unprecedented decline in crude oil prices.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.
