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Touchstone Exploration ( (TSE:TXP) ) just unveiled an announcement.
Touchstone Exploration Inc. announced the successful drilling of the Cascadura-5 well in Trinidad and Tobago, reaching a depth of 7,020 feet and encountering significant hydrocarbon-bearing sands. The well, part of the Ortoire block, was drilled on schedule and budget, enhancing the company’s understanding of the Cascadura structure. The company plans to complete and integrate the Cascadura-4 and Cascadura-5 wells into its natural gas facility, signaling potential growth in production capabilities.
More about Touchstone Exploration
Touchstone Exploration Inc. is a Calgary, Alberta-based company engaged in acquiring interests in petroleum and natural gas rights, as well as the exploration, development, production, and sale of petroleum and natural gas. The company is active in onshore properties in the Republic of Trinidad and Tobago, with its shares traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol ‘TXP’.
See more data about TXP stock on TipRanks’ Stock Analysis page.