Touchstone Exploration is reshaping its asset base in Trinidad and Tobago as the recently acquired Central block begins to emerge as a key element of the company’s growth strategy. The Calgary headquartered independent has moved quickly to integrate the asset into its portfolio, positioning it alongside existing gas developments and legacy oil production as a new driver of value tied to regional LNG markets.
The Central block licence, acquired from a major international operator in 2025, marks the first time in nearly two decades that a new well has been drilled on the acreage. Initial development activity has been focused on bringing production online and establishing a pathway to supply both the domestic petrochemical sector and export oriented LNG infrastructure.
Management has described the addition of the block as a structural step in the company’s evolution from a primarily oil weighted producer into a more balanced energy company with meaningful gas exposure. The Central block has been incorporated into the company’s producing reserves base and is now expected to form a second pillar of growth alongside the Ortoire gas developments.
The integration of Central has also influenced the company’s latest reserves assessment. Producing reserves increased significantly over the previous year, largely as a result of the acquisition and the addition of new wells. At the same time, overall proven reserves declined slightly, while combined proven and probable reserves remained broadly stable.
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.
