Touchstone boosts producing reserves and value with Central block as Trinidad gas strategy advances

Touchstone Exploration ( (TSE:TXP) ) has shared an announcement.

Touchstone’s 2025 year-end reserves report underscores the successful integration of its 65 percent working interest in Trinidad’s Central block, which has boosted proved developed producing reserves and added LNG-linked natural gas volumes and processing capacity. The company also advanced its Herrera play with the Cascadura-5 well producing both gas and medium-gravity crude, while maintaining stable output from its core CO-1, WD-4 and WD-8 oil blocks.

Overall reserves performance was mixed, with gross PDP reserves up 45 percent year-on-year to 9,933 Mboe, but total proved and 2P reserves slipping modestly due to technical downgrades at Cascadura Block B and the sale of the non-core Fyzabad property. Despite this, the before-tax NPV10 of PDP reserves jumped 35 percent and after-tax 2P NPV10 rose to about $315 million, supported by higher-value gas marketing, a robust reserve life index of 13.3 years (1P) and 23.2 years (2P), and upcoming growth catalysts including tie-in of Carapal Ridge-3, a new drilling campaign on WD-8/WD-4, and commissioning of the Cascadura compressor in the second quarter of 2026.

More about Touchstone Exploration

Touchstone Exploration Inc. is a Calgary-based oil and gas producer focused on Trinidad, with assets spanning light and medium crude oil, conventional natural gas and natural gas liquids. The company’s portfolio includes legacy oil blocks such as CO-1, WD-4 and WD-8, along with the Cascadura gas field and the recently acquired Central block, which adds LNG-linked natural gas production and associated processing infrastructure.

Its strategy centres on expanding gas-weighted reserves and production through development of the Cascadura and Central block Herrera formations, while maintaining a stable base of mature oil output. By integrating new gas resources with fixed-price and LNG-linked contracts, Touchstone aims to enhance cash flow resilience and build a long-life reserve base in the Trinidad upstream sector.

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