Touchstone returns to overlooked Trinidad acreage with promising new gas play

Touchstone Exploration Inc

Touchstone Exploration has reopened a long-neglected opportunity in Trinidad’s Central block, delivering promising results from its Carapal Ridge-3 development well. This is the first well drilled in the area in nearly 20 years and marks the start of a focused campaign to bring previously untapped gas resources into production.

The CR-3 well reached a total depth of 8,200 feet and was drilled in 35 days. It encountered more than 1,000 feet of hydrocarbon-bearing sands in the Herrera formation, confirming a substantial gas-bearing zone with commercial potential. The formation was penetrated both above and below a known shale marker, with drilling data and wireline logs verifying consistent reservoir quality throughout. In addition to the primary target, the well also intersected 82 feet of gas-charged sands in the shallower Karamat formation, offering a second, unplanned zone of interest.

The well includes a horizontal section designed to maximise contact with the lower Herrera sands. This decision improves the chances of higher initial flow rates and offers the option to bring on additional production from the upper zones later. Work is now underway to complete and tie in the well to existing infrastructure, with first gas expected in the first quarter of 2026. Production will begin from the lower Herrera zone, with the potential to add volumes from the upper and Karamat sections as needed.

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.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Touchstone’s Casadura gas expansion moves closer to start-up

Touchstone Exploration’s Casadura gas project has moved closer to start-up after major equipment arrived in Trinidad to support a planned increase in output.

Touchstone Exploration reports director share purchase

Touchstone Exploration says Mr Paul R. Baay bought 183,800 common shares on 2 July 2026.

Touchstone Exploration raises US$10.9 million with major shareholder backing

Touchstone Exploration has raised approximately US$10.9 million, with most of the backing coming from its largest shareholder, Purebond Limited.

Touchstone sharpens Trinidad growth plan with new oil production

Touchstone Exploration has added new WD-8 oil production while advancing Cascadura compression work and planning further optimisation at CR-3.

Touchstone Exploration completes integrated fundraise and sets AGM date

Touchstone Exploration has closed its previously announced integrated fundraise and confirmed details for its 2026 Annual and Special Meeting.

Touchstone Exploration raises US$10.9 million in fundraise

Touchstone Exploration has completed its WRAP Retail Offer and wider fundraise, raising aggregate gross proceeds of US$10.9 million before expenses. The financing includes equity and unsecured non-convertible debt securities subscribed for by Purebond Limited.

Search