Touchstone Exploration is moving from incremental progress to a clearer scale-up story in Trinidad and Tobago. The company is targeting production of about 20,000 barrels of oil equivalent per day, against current output of roughly 5,500 boe/d.
The investment case now rests on a broader operating base and a more visible route to growth. Touchstone is currently producing about 1,200 barrels per day of liquids and 35 million cubic feet per day of gas in Trinidad. The company sees its next phase being driven by the Central Block, Cascadura and its wider acreage position.
The Central Block acquisition is central to that shift. The deal added producing assets, processing infrastructure and development inventory, along with about 1,910 boe/d of production. Assets that are already producing and connected are generally easier to build around than projects that still need major facilities before they can contribute meaningful volumes.
There is also evidence that development activity is already feeding into output. Carapal Ridge-3 was tied into the gas facility on 28 March and was flowing at 5.7 million cubic feet per day, lifting field production to 21.5 MMcf/d. That is a useful marker because it shows the company is adding real volumes rather than relying only on long-range targets. The current programme is expected to run through mid-2027, which gives the market a clearer timeline for how management plans to move from today’s production base towards a much larger business.
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.
