Touchstone targets growth with Trinidad gas and deeper drilling

Touchstone Exploration Inc

Touchstone Exploration is stepping up its activities in Trinidad and Tobago with an eye on both near-term production gains and longer-term resource growth. Following a successful gas find at the Carapal Ridge-3 well and plans for deeper drilling into Cretaceous prospects, the company is positioning itself for potentially material shifts in its reserve base and operational scale.

Carapal Ridge-3, drilled on the Central Block, marks Touchstone’s first development well on that acreage in nearly two decades. Reaching a depth of 8,200 feet, the well encountered gas-bearing zones within the Herrera formation and revealed a second set of gas-charged sands in the shallower Karamat formation. These results support the current testing and completion activities, with tie-in to the block’s gas processing facilities expected by the end of the first quarter. The additional Karamat interval is now being assessed as a distinct development target.

Touchstone acquired the Central Block in mid-2025 and quickly moved forward with subsurface evaluation, leading to the CR-3 drilling decision. The well is one of several opportunities under review, as the company integrates learnings from this campaign into future development plans across its acreage.

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 Exploration reports Q2 2026 profit and stronger cash flow

Touchstone Exploration reported stronger second-quarter funds flow from operations and net income, alongside production, financing and operational progress.

Natural gas outlook strengthens as heat and LNG demand support the market

US natural gas is seeing a stronger demand backdrop as hot weather and improving LNG feedgas flows help offset near-record production and support a tighter market balance.

Touchstone Exploration gains approval for key financing resolutions

Touchstone has secured shareholder backing for its board, incentive plan and key debt-related share issuances ahead of its next operational update.

Touchstone Exploration brings Cascadura compressor into service

Touchstone Exploration has started the Cascadura compressor, with all wells now operating on compression and delivering into sales.

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.

Search