Touchstone Exploration Inc on Tuesday confirmed that final production test results from its Royston-1 exploration well showed a light oil discovery, setting the way for the commerciality of the site.
“This third test confirms the commerciality of the newly discovered light oil pool at Royston. Data from all three of the production tests have confirmed that we have a long-term oil project that has the potential to provide future economic benefits to our shareholders and the country,” commented Chief Executive Paul Baay.
The test was the final of three production tests of the Herrera Formation, located on the onshore Ortoire block on the island of Trinidad.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.