on Touchstone Exploration, Inc. (CVE:TXP)
Touchstone Exploration Reports on Operational Developments
Touchstone Exploration Inc., based in Calgary, has provided an operational update concerning its activities in Trinidad and Tobago. Recently, the company completed development wells FR-1835 and FR-1836 on the WD-8 block, achieving an average output of 175 barrels per day of medium-gravity crude oil, aligning with expectations.
Moreover, with Atlantic LNG Train 4 undergoing maintenance, Touchstone's gas volumes from the Central block are being redirected. This change is expected to improve the company's net realized natural gas pricing.
Progress continues at Cascadura, with a compressor installation on track for a June 2026 commissioning, expected to enhance production efficiency.
At Carapal Ridge 3, Touchstone plans a cleanout and acid stimulation program to boost production, pending the availability of local services.
R. H.
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