IN BRIEF: Touchstone Exploration hails Cascadura output at Ortoire

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Says recently commissioned Cascadura facility on the Ortoire block onshore Trinidad & Tobago achieves forecasted gross natural gas output rate of 60 million cubic feet per day last week Friday. Touchstone owns 80% operating working interest in the Cascadura field, with Petroleum Co Ltd owning the remaining 20%.

Chief Executive Officer Paul Baay says: "The performance of the wells, both of which are being choked at surface, is in line with expectations and the surface facility is currently operating at approximately 67 percent of its capacity."

Current stock price: 68.30 pence, up 0.4% on Monday

12-month change: down 18%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Touchstone Exploration