• Natural Gas News

    Touchstone Confirms Major Gas Find in Trinidad


Touchstone says it is sitting on "monumental resource potential."

by: Joseph Murphy

Posted in:

Natural Gas & LNG News, Americas, Premium, Corporate, Exploration & Production, News By Country, Trinidad and Tobago

Touchstone Confirms Major Gas Find in Trinidad

Calgary-based Touchstone Exploration confirmed February 6 a major liquids-rich gas discovery at a well onshore Trinidad & Tobago.

Production tests at the Cascadura-1ST1 well began on February 4, with flow rates averaging 5,180 barrels of oil equivalent/day over a 14-hour period, comprising 26.9mn ft3 of gas and 694 barrels of NGLs. They peaked at 5,736 boe/day.

CEO Paul Baay said the result marked a “dramatic change” for Touchstone, confirming the “monumental resource potential” of the Ortoire block.

Touchstone was also encouraged in September by higher-than-expected flows at an earlier well at Ortoire, Coho-1. According to Baay, Coho-1 could flow between 10-12mn ft3/day of initial production.

Cascadura-1ST1 is due to be shut-in for two weeks for a pressure build-up test, after which Touchstone aims to test an additional pay it has identified. The company plans to sink two more exploration wells targeting the Chinook and Royston prospects at Ortoire.

The London-listed player has an 80% stake in the block, while its partner the state-owned Heritage Petroleum has 20%.