Touchstone Exploration moving into new "drill to fill" phase

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[{"type":"text","content":"Touchstone Exploration moving into new \"drill to fill\" phase\n \n \n (NewsDirect)\n \n \n \n \n Touchstone Exploration Inc (AIM:TXP,\nTSX:TXP, OTC:PBEGF) CEO Paul Baay speaks to Thomas Warner from\nProactive after the Trinidad and Tobago-focused energy exploration and\ndevelopment company announced the start of production at the Cascadura\nfield in Trinidad.\n \n \n Baay says that\nthe development marks a major production leap, with an increase from\n2,000 to over 10,000 barrels oil equivalent per day (boepd)\nanticipated in the coming weeks. The news positions Touchstone as the\nleading onshore independent producer in Trinidad.\n \n \n He explains that the added cash flow is\nset to fully support future drilling endeavours. While Baay\nacknowledges that the Cascadura Project has experienced some delays,\nhe emphasises the transformative impact it will have.\n \n \n Baay addresses recent drilling at the the\nRoyston-1X well which encountered light oil but requires further\ntesting for economic viability.\n \n \n The\ncompany is transitioning from exploration to a development phase,\nfocusing on maximising opportunities in oil and gas and expanding its\nacreage position through government partnerships.\n \n \n He says that\nwith all the capacity ready to use, \"what [Touchstone] really\nneeds to do is to drill to fill [it].\"\n \n \n \n Contact\nDetails\n \n \n \n Proactive UK Ltd\n \n \n +44 20 7989 0813\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1980,"tagName":"div"}]

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