Touchstone’s Ortoire block exploration programme onshore Trinidad has again exceeded expectations with its Cascadura Deep-1 well delivering another major gas discovery, its fourth in a row after Coho, Cascadura and Chinook. Further testing is required to determine the ultimate potential of the discovery, but this well again confirms the accuracy of Touchstone’s geological model and extends the runway for future production growth from this prolific acreage. Our risked-NAV and price target rise 58 ....
04 Dec 2020
Touchstone Exploration - Cascadura Deep discovery
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Touchstone Exploration - Cascadura Deep discovery
Touchstone Exploration Inc (TXP:LON) | 42.8 -0.1 (-0.6%) | Mkt Cap: 100.1m
- Published:
04 Dec 2020 -
Author:
Jonathan Wright -
Pages:
6
Touchstone’s Ortoire block exploration programme onshore Trinidad has again exceeded expectations with its Cascadura Deep-1 well delivering another major gas discovery, its fourth in a row after Coho, Cascadura and Chinook. Further testing is required to determine the ultimate potential of the discovery, but this well again confirms the accuracy of Touchstone’s geological model and extends the runway for future production growth from this prolific acreage. Our risked-NAV and price target rise 58 ....