Touchstone Exploration provides Operational Update on Drilling Results at Cascadura and CO-374 well

Touchstone Exploration Inc (LON:TXP) has provided an operational update, highlighted by drilling results at our Cascadura-3ST1 delineation well and our CO-374 development well.

Highlights

·     The Cascadura-3ST1 delineation well was drilled to a total depth of 8,252 feet, and openhole logs and drilling data indicated a total sand thickness of approximately 900 feet in the targeted Herrera Formation.

·     The Cascadura-3ST1 well has been cased and production testing is scheduled to commence in the third quarter of 2024 directly into the Cascadura natural gas facility.

·     The construction for the flowline from the Cascadura C surface location to the Cascadura natural gas processing facility is progressing, with anticipated completion in the third quarter of 2024.

·     The hazard and operability analysis (“HAZOP”) and engineering designs for the expansion of the Cascadura facility have been approved, and procurement for the expansion has commenced.

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