Touchstone Exploration (LON:TXP) CEO Paul Baay joins DirectorsTalk to discuss a significant crude oil discovery with the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. Paul explains what this means for the company in terms of potential production/growth, the next steps with regards to testing and production, confidence for the remaining two wells and what investors should be looking out for over the coming months.
Touchstone Exploration Inc. is a Calgary based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company’s common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol “TXP”.