Paul Baay, president and CEO of Touchstone Exploration and the company’s exploration manager Xavier Moonan provided the Ministry of Energy and Energy Industries details of its drilling and plans for increased production in 2022 and 2023 given the Government’s recent approval of a five-year extension of the exploration period of the Ortoire Licence to July 31, 2026.
According to a release from the Ministry of Energy, both men discussed the ongoing developments of Cascadura and Royston following the formal approval of Ortoire licence extension which, they stated, provided them with “a unique opportunity to design and implement an expanded exploration programme to fully evaluate our internally identified prospects on the acreage.”
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.