Cascadura well positions Touchstone for added production

Touchstone Exploration Inc

Touchstone Exploration has advanced its Cascadura drilling programme with results that, while technically complex, point toward additional production capacity and reinforce the strength of its natural gas development strategy in Trinidad.

At the Cascadura-4ST2X well, operations were brought to a close just short of the planned target depth after intersecting gas-bearing sands. Rather than a halt in progress, the company has chosen to capitalise on what it encountered by converting the well into a producing asset. By integrating the existing drill string into the design, Touchstone expects to deliver production directly from the gas-charged Herrera formations that have been confirmed across the block.

The sands encountered are consistent with earlier Cascadura wells, strengthening the geological case for the play and offering further validation of its long-term potential.

Equipment is already on site to complete and tie in Cascadura-5, and Cascadura-4ST2X will follow shortly thereafter. In parallel, preparations at Carapal Ridge are advancing steadily, setting the stage for the next phase of exploration and development.

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.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Touchstone Exploration raises US$10.9 million with major shareholder backing

Touchstone Exploration has raised approximately US$10.9 million, with most of the backing coming from its largest shareholder, Purebond Limited.

Touchstone sharpens Trinidad growth plan with new oil production

Touchstone Exploration has added new WD-8 oil production while advancing Cascadura compression work and planning further optimisation at CR-3.

Touchstone Exploration completes integrated fundraise and sets AGM date

Touchstone Exploration has closed its previously announced integrated fundraise and confirmed details for its 2026 Annual and Special Meeting.

Touchstone Exploration raises US$10.9 million in fundraise

Touchstone Exploration has completed its WRAP Retail Offer and wider fundraise, raising aggregate gross proceeds of US$10.9 million before expenses. The financing includes equity and unsecured non-convertible debt securities subscribed for by Purebond Limited.

Touchstone Exploration raises initial US$10.9 million in fundraise

Touchstone Exploration has raised initial gross proceeds of US$10.9 million, with its largest shareholder Purebond subscribing for approximately US$10.3 million. The WRAP Offer remains open, with First Admission expected around June 10, 2026.

Touchstone advances Trinidad output strategy as new wells support cash flow

Touchstone Exploration has brought two Trinidad oil wells into production while advancing gas infrastructure work aimed at improving cash flow, pricing and operational reliability.

Search