Touchstone Exploration, the Canadian energy exploration company, has reported discovery of estimated reserves of 381 billion cubic feet (bcf) of natural gas in its onshore Cascadura Assessment Area in its Ortoire exploration block in Trinidad.
Touchstone is the 80 per cent working interest operator, and Heritage Petroleum Company Ltd has 20 per cent working interest.
The Cascadura Reserves Report, which was compiled by an independent Canadian petroleum consultancy firm, GLJ Ltd, evaluated the Cascadura Assessment Area on a stand-alone basis and provides a reserves estimate of natural gas and natural gas liquids, as well as a before income tax estimate of net present values of future net revenues as of June 30, 2020.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.