Touchstone’s Carapal Ridge-3 Well Confirms Thick Herrera Pay and New Gas Play in Trinidad

An announcement from Touchstone Exploration ( (TSE:TXP) ) is now available.

Touchstone Exploration has reported promising drilling results from its Carapal Ridge-3 development well on the Central block in Trinidad and Tobago, the first well drilled into the Carapal Ridge pool in 17 years. The well encountered approximately 1,082 feet of net sand, including about 1,000 feet of net Herrera sand with hydrocarbon-bearing zones both above and below a key shale marker, as well as 82 feet of net Karamat sands that establish a secondary gas-charged play. Although CR-3 came in roughly 25% over budget due to additional work needed to control natural gas flows from previously unproduced Karamat sands, it was drilled successfully to 8,200 feet and cased for future production, incorporating a horizontal section to maximise exposure to unproduced Herrera sands. Completion operations are under way, with tie-in to the Central block natural gas processing facility targeted for the first quarter of 2026, and the results reinforce the company’s seismic model and support the potential for up to three additional Herrera development wells on the block while opening a new standalone Karamat prospect, underpinning future gas volumes and strengthening Touchstone’s growth pipeline in Trinidad.

More about Touchstone Exploration

Touchstone Exploration Inc. is a Calgary-based oil and gas company focused on acquiring, exploring, developing, producing and selling petroleum and natural gas, with current operations concentrated on onshore properties in the Republic of Trinidad and Tobago. The company’s common shares trade on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol TXP.

For a thorough assessment of TXP stock, go to TipRanks’ Stock Analysis page.