Touchstone Exploration reports strong Q1 2024 sales volumes in Trinidad

Trinidad-focused energy company Touchstone Exploration reported average net sales volumes of 7,015 barrels of oil-equivalent per day (boe/d) in the first quarter of 2024. 

It said Cascadura contributed average net sales volumes of 5,389 boe/d. This consists of net natural gas sales volumes of 30.8 million cubic feet per day (MMcf/d) or 5,127 boe/d with an average realized price of US$2.49 per Mcf; and net natural gas liquids volumes of 262 b/d with an average realized price of US$69.60 per barrel. 

As for the Coho field, net average natural gas sales volumes were 2.8 MMcf/d or 460 boe/d at an average realized price of US$2.28 per Mcf (excluding third-party processing fees). Average net daily crude oil sales volumes were 1,166 b/d with an average realized price of US$69.97 per barrel.

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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