Touchstone Exploration (TSE:TXP) has released an update.
Touchstone Exploration Inc. has made significant progress in their Cascadura natural gas facility expansion and the construction of related infrastructure, with initial production from the new wells slated to commence by the end of September 2024. The company reported an increase in net sales volumes to 5,432 barrels of oil equivalent per day (boe/d) in Q2 of 2024 and current average net field estimated production of 5,711 boe/d. Notably, the optimization efforts at the Cascadura field have led to a marked production increase, contributing to the company’s robust operational performance.
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