RE: Trinidad / TXP14 Mar 2025 11:06
Well done SS.
Everyone should follow and share the Insta page.
The contents for those that don't have insta
This Monday, Stuart Young takes office as the new Prime Minister of Trinidad & Tobago! As a strong advocate for the energy sector, his policies aim to enhance investment, drive exploration, and secure a stable regulatory environment.
For Touchstone Exploration (#TXP), this leadership transition could mean greater support for oil & gas projects, improved gas pricing negotiations, and a boost to long-term growth. 🌍
With a focus on exploration, LNG expansion, and energy security, Young’s leadership is set to create exciting opportunities in the O&G sector.
🔹 Central Block Acquisition Closing Soon! TXP is set to finalize the $23 million acquisition of the Central Block from Shell, a move that will increase our production base by over 25%! This aligns with Young’s goal of boosting domestic energy security and strengthening Trinidad & Tobago’s gas supply.
🔹 LNG Pricing & Market Expansion: With Young’s push for improved gas pricing and LNG export market access, TXP’s increased production from Cascadura and the Central Block could position us to leverage global LNG prices and improve revenue potential.
🔹 Active Drilling & Growth Strategy: TXP’s ongoing development well programme at Cascadura is set to increase gas output in 2025, directly supporting Young’s vision for stable energy supply and investment in high-return assets.
🔹 Strategic Infrastructure in Place: With two operated gas plants, expanded production facilities, and newly drilled wells, TXP is poised to contribute to T&T’s role as a regional energy hub while benefiting from Young’s investor-friendly approach to O&G.
💬 What’s Next? As Young takes the helm, TXP is well-positioned to thrive in a pro-growth energy environment. Stay tuned as we drive forward with exploration, production, and a vision for a stronger, more sustainable energy sector in T&T!
Stay tuned as we navigate this evolving landscape!