Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF)'s Paul Baay joins Proactive London's Katie Pilbeam after announcing a new light oil discovery in the Royston-1 exploration well, on the Ortoire block in Trinidad, where the first of three tests beat expectations.
He says this is "as good as it gets" with a promising new light oil pool in the deepest test section of the Royston well, "adding further potential to the future development opportunity in the Royston area, as light oil can be easily and economically developed alongside any gas development".
In the well, the team will now move up to test the next targets – which are the well's primary production test intervals.