Canadian oil and gas drilling company Touchstone Exploration says it has made a great start to the year with the discovery of natural gas in the Cascadura-2 field.
In a media release on Thursday, Touchstone said the well was supposed to be drilled to a depth of 8,300 feet, but drilling was suspended at 7,132 feet “to preserve the substantial pay section observed in the well after high-pressure gas zones were encountered.”
Drilling samples indicated over 525 feet of sands in the targeted Herrera formation.
It said casing is being installed on the well for future production and it expects to test the well directly into the Cascadura natural gas facility in the third quarter of 2024.
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.
