Touchstone Exploration (LON:TXP) is preparing to drill two new wells on the WD-4 Block as it looks to add between 150 and 200 barrels of oil per day, while operational improvements at Cascadura could provide another lever for production and cash flow. President and Chief Executive Officer Paul Baay discusses the economics of the upcoming drilling campaign, encouraging early results from the Cascadura-2ST1 solvent squeeze treatment, the potential of the Karamat sands at Carapal Ridge-3 and how improved commodity pricing could strengthen returns.
Key Moments
00:10 — WD-4 drilling targets new production
01:13 — Cascadura treatment boosts output
02:24 — Compressor uptime supports production
03:07 — Karamat sands offer upside
04:24 — Better pricing lifts cash flow
Touchstone Exploration Inc. is an oil and gas exploration and production company with operations in Trinidad and Tobago. Its portfolio includes producing assets alongside development and exploration opportunities, with current activity focused on increasing production, improving operating efficiency and advancing additional resources across its Trinidad acreage.
