Pro Active9 Aug 2018 08:58
Six independent exploration prospects have also now been identified, in the Ortoire block.
"I am pleased to report that we now have drilled the first seven wells of the ten well programme,” said Paul Baay, Touchstone chief executive.
“With four of the seven wells yet to contribute to our current stabilized production, we are excited to increase production in the near-term.
“With the combination of these four wells and the remaining three to be drilled this year, we are looking forward to a strong start to 2019.
He added: “In addition to the existing drilling program, the Ortoire exploration opportunities and future development potential are expected to contribute to our robust growth objectives going forward."
Touchstone intends to release its interim results statement for the six months ended June 30, on August 14.