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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: 32 GBX

AIM:TXP
Market: AIM
Market Cap: £49.82 m
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Touchstone Exploration now has the 'certainty' to accelerate its Ortoire...

Touchstone Exploration Inc's (LON:TXP) (TSE:TXP) Paul Baay speaks to Proactive London's Andrew Scott after announcing they've raised US$11.6mln (£9mln) through a share placing. The new funds have been earmarked for the acceleration of its  exploration activities in the Ortoire block.

1 week, 1 day ago

2 min read