Touchstone Exploration is entering a busy operational period in Trinidad and Tobago, with new drilling at WD-4, further work at Cascadura and a revised completion programme at the Central block. Net sales production averaged 4,402 barrels of oil equivalent per day in July 2026, while field-estimated net production was 4,392 boe/d in August.
The next major step is at WD-4, where Touchstone has completed construction of two drilling locations and mobilised the rig. The first well in the two-well development programme is expected to spud in mid-September.
Both wells are being drilled under the WD-4 Lease Operatorship Agreement and are targeting additional oil production. The turnkey drilling cost of the second well will be covered by the drilling contractor, reducing Touchstone’s direct capital exposure to that part of the programme.
The WD-4 wells now represent an important near-term test of the company’s ability to add production through new drilling while managing capital requirements.
Touchstone is also continuing optimisation work at Cascadura. A solvent squeeze treatment at Cascadura-2ST1 delivered incremental production gains, and the company plans to assess similar treatments on other Cascadura wells during the second half of 2026.
Further activity is scheduled for October, including a workover at Cascadura-3ST1 and the recompletion of Cascadura-5. These programmes are aimed at improving output from existing wells and could provide additional production without requiring further exploration drilling.
Operational progress is also being made with the Cascadura booster compressor. The compressor began operating on 9 July and achieved availability of around 57% during July, rising to 73% in August. Touchstone is targeting availability of 97 per cent as optimisation work continues.
Gross Cascadura natural gas production increased from approximately 6.6 million cubic feet per day in June to 9.7 MMcf/d in July and 12.6 MMcf/d in August.
At the Central block, Touchstone is changing its approach to the Carapal Ridge 3 well following a limited response from recent intervention work. A coiled tubing cleanout and acid stimulation programme did not resolve reservoir damage associated with earlier drilling operations. The company now plans to target the shallower Karamat sands, where around 82 feet of net pay has been identified.
The new completion programme is scheduled for October and gives Touchstone another opportunity to generate value from the existing wellbore.
The company also reported commercial developments at the Central block. Approximately 8.96 MMcf/d of net natural gas production was sold during July under the Atlantic LNG Train 2/3 contract at an estimated price of US$10.28 per Mcf after fees.
Touchstone has also amended its condensate marketing contract from 1 September, changing the pricing benchmark from WTI to Brent. Net condensate volumes from the Central processing facility averaged 152 barrels per day in July and 96 barrels per day in August.
The operational schedule is now centred on several clearly defined milestones. WD-4 provides new drilling exposure, Cascadura offers further production upside from compressor optimisation and well interventions, and the Central block programme gives the company another route to improve recovery from existing infrastructure.
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.
