RE: I bought a bit more6 Apr 2026 12:33
It's standard practice to put it in the rns I have seen it many times before,
You either have faith and buy or don't and sell,
Good luck ,
Am happy toping up till next news 🙂
Addition drills,
Compresser on it's way
Global lift in prices,
Tells me theres still hope of a turn arround,
Ai take....
In recent technical sessions and corporate updates, Xavier Moonan and the Touchstone Exploration (TXP) leadership have highlighted several key drivers for the company’s growth potential through 2026 and 2027:
Strategic Drilling & Operations (2026 Focus)
Carapal Ridge-3 (CR-3) Success: Moonan and the team confirmed the successful drilling and onstreaming of the CR-3 well as of March 28, 2026. This well targeted the Herrera sands, encountering approximately 1,000 feet of net pay.
Central Block Expansion: The startup of CR-3 has already boosted gross natural gas throughput at the Central block facility to approximately 21.5 MMcf/d, with peak rates hitting 5.7 MMcf/d during its cleanup phase.
Legacy Oil Campaigns: A four-well drilling campaign on the WD-8 and WD-4 blocks is underway as of early 2026. The first well, FR-1835, encountered 290 feet of net pay and was drilled ahead of schedule.
Cascadura Compressor: A booster compressor is scheduled for commissioning in May 2026, designed to reduce wellhead backpressure and stabilize production rates at the Cascadura facility.
Touchstone Exploration
+4
Market & Pricing Catalysts (2027 Focus)
Natural Gas Price Redetermination: A major financial catalyst for late 2027 is the scheduled redetermination of natural gas pricing in October 2027, which the company expects will significantly improve project returns.
LNG Market Entry: The acquisition of the Central block has marked TXP’s entry into the LNG market, allowing the company to pivot production toward higher-priced LNG sales contracts rather than fixed-price Ortoire volumes.
Deepwater & Frontier Potential: Moonan continues to advocate for the exploration of Cretaceous source rocks and deeper plays in Trinidad’s mature basins to unlock "hidden barrels" for the country's long-term energy stability.
Touchstone Exploration
+4
Would you like more details on the drilling results from specific wells like CR-3 or the financial projections for the 2027 price redetermination?