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AIM:TXPTSX:TXPOTC:PBEGFFRA:PNW1
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Touchstone reveals 'really exceptional' flowback testing at Cascadura Deep

Touchstone Exploration Inc's (LON:TXP, TSE:TXP) Paul Baay talks to Proactive London about the 'really exceptional' flowback testing of the Cascadura Deep-1 well in Trinidad, confirmed a ‘liquids rich’ discovery.

Touchstone owns an 80% stake in the well, highlighted that it had perforated the top 199 feet of 449 feet of potential pay identified previously, and an average flowback rate of 4,262 barrels of oil equivalent per day was measured.

That rate comprised 22.9mln cubic feet of natural gas and 449 barrels of natural gas liquids (NGL).

A peak rate was measured at 4,567 boepd during the testing. The well flowed a total of 48.8mln cubic feet of natural gas and 1,081 barrels of NGLs during the testing programme.

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Price: 87.5 GBX

Market Cap: £184.39 m

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Touchstone Exploration overview as firm eyes number of milestones in the...

Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF, FRA:PNW1) (AIM:TXP, TSX:TXP, OTC:PBEGF, FRA:PNW1) Paul Baay joins Proactive London's Katie Pilbeam after reporting an increase in production from its base assets in Trinidad.  Baay explains how they continue to work towards a four-well...

4 weeks ago

2 min read