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Touchstone Exploration discovers oil and gas deposit onshore Trinidad

Canada-based Touchstone Exploration has announced results from the first tests on a liquids-rich gas deposit in Trinidad and Tobago.

Tests on the Cascadura-1ST1 well gave an average flow of 5,180 barrels of oil equivalent per day (boe/d).

During the 14-hour extended flow test period, production peaked at 5,736 boe/d. This includes 30.2 million cubic feet of natural gas per day and 710 barrels of natural gas liquids per day.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.