# Touchstone Exploration receives clearance to conduct development operations at Cascadura

- Link: https://www.directorstalkinterviews.com/touchstone-exploration-receives-clearance-to-conduct-development-operations-at-cascadura/4121077945
- Published: 2022-08-17T07:12:10+01:00
- Author: Giles

**[Touchstone Exploration](https://www.directorstalkinterviews.com/company/touchstone-exploration-inc/txp.l)
Inc.** (TSX, LIN:TXP) has this morning announced that on August 16, 2022, the Company
received a Certificate of Environmental Clearance to conduct development operations
within the Cascadura area of the Ortoire block from the Trinidad and Tobago Environmental
Management Authority. Touchstone has an 80 percent operating working interest in
the Ortoire block, with Heritage Petroleum Company Limited holding the remaining
20 percent working interest.

The CEC approves the construction of a multi-well surface production facility with
a designed production capacity of 200 million cubic feet of natural gas per day,
5,000 barrels per day of associated liquids and 200 barrels per day of produced 
water, with a storage capacity of 8,800 barrels of liquids on the Cascadura A wellsite.
In addition to the facility, the CEC includes the drilling of eight wells at two
well pads (Cascadura B and C) and the establishment of associated pipelines and 
infrastructure within the Ortoire block.

Construction of the Cascadura surface facility and associated infrastructure required
to bring on production from our two existing Cascadura wells will commence immediately,
following the required notifications and conditions set out in the approved CEC.
The National Gas Company of Trinidad and Tobago Limited has begun activity in the
field to commence the construction of the 1.7 kilometre, 20-inch pipeline to the
Cascadura facility.

> **Paul Baay, Touchstone Exploration President and Chief Executive Officer, commented:**
> _“This is a major step forward for the Cascadura project as we progress from the
> exploration phase to the development and production phase. It has been a thorough
> process, but the positive outcome now allows us to establish a clear and measurable
> five-year development plan for the discovery. We are working with our local contractors,
> and construction is underway at local fabrication shops for various aspects of
> the facility with all major facility components already delivered to Trinidad.
> We will provide updates on the project milestones as we move forward._“

**Touchstone Exploration Inc.**

Touchstone Exploration Inc. is a Calgary, Alberta based company engaged in the business
of acquiring interests in petroleum and natural gas rights and the exploration, 
development, production and sale of petroleum and natural gas. Touchstone is currently
active in onshore properties located in the Republic of Trinidad and Tobago. The
Company’s common shares are traded on the Toronto Stock Exchange and the AIM market
of the London Stock Exchange under the symbol “TXP”.

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