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Full interview: Touchstone Exploration's Cascadura well 'a beast', says CEO Paul Baay

Touchstone Exploration Inc's (LON:TXP) (TSE:TXP) Paul Baay speaks to Proactive London's Andrew Scott after revealing successful test results from the Cascadura-1ST1 well.

They've confirmed it's a significant liquids-rich natural gas discovery in the Ortoire block in Trinidad.

Flow rates were measured at 5,180 barrels oil equivalent per day (boepd) over a fourteen-hour test period – comprising 26.9mln cubic feet and 694 barrels of natural gas liquids per day. The rate saw a peak of 5,736 boepd.

''Some of the things we're looking at here are almost offshore-size type fields that we're finding onshore''.

''This is as good as it gets in my business'', Baay says.

Quick facts: Touchstone Exploration Inc

Price: 171.252 GBX

AIM:TXP
Market: AIM
Market Cap: £357.4 m
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Touchstone Exploration Shareholder Q&A

Touchstone Exploration Inc's (LON:TXP) Paul Baay joins Proactive London's Katie Pilbeam to answer questions from shareholders. Following Baay's live presentation at the Proactive One2One Investment Forum, shareholders were given the chance to put forward all of their queries. Baay runs...

1 day, 9 hours ago

2 min read