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Touchstone Exploration CEO welcomes confirmation of 40-50 MMcf/d production at Cascadura

Touchstone Exploration (LON:TXP) CEO Paul Baay speaks to Proactive London's Andrew Scott after completing the final phase of testing on the Cascadura well in Trinidad, with two intervals both flowing above 5,000 barrels oil equivalent per day (boepd).

Touchstone says analysis of the absolute open flow suggests that it is reasonable to design for an initial production rate between 7,750 to 9,700 boepd, comprising 40 to 50 mln cubic feet of gas and 1,100 to 1,400 of condensate.

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Price: 73 GBX

AIM:TXP
Market: AIM
Market Cap: £133.95 m
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