Touchstone Exploration Updates on Cascadura-5 Well Drilling

Touchstone Exploration Inc. has announced the results of the Cascadura-5 development well (Cas-5) on the Ortoire block in Trinidad and Tobago. The company holds an 80% interest in the well, with Heritage Petroleum Company Limited maintaining the remaining 20%. Cas-5 was drilled to a depth of 7,020 feet over 22 days, extending beyond its initial target depth of 6,654 feet due to promising hydrocarbon indicators.

The Cas-5 well targeted the Herrera Gr7bc sands, encountering 620 feet of gross sand approximately 300 feet updip from the Cascadura-2 well drilled in 2024. Next steps include mobilizing resources for the adjacent Cascadura-4 well and integrating the wells into the existing natural gas infrastructure.

CEO Paul R. Baay noted that the operation stayed on budget at around USD 5 million, highlighting the success of synthetic oil-based mud and managed pressure drilling techniques. Despite positive findings, Touchstone continues to explore funding options for future projects.