Touchstone Exploration Inc's (LON:TXP) (TSE:TXP) Paul Baay speaks to Proactive London's Andrew Scott after revealing successful test results from the Cascadura-1ST1 well.
They've confirmed it's a significant liquids-rich natural gas discovery in the Ortoire block in Trinidad.
Flow rates were measured at 5,180 barrels oil equivalent per day (boepd) over a fourteen-hour test period – comprising 26.9mln cubic feet and 694 barrels of natural gas liquids per day. The rate saw a peak of 5,736 boepd.
''Some of the things we're looking at here are almost offshore-size type fields that we're finding onshore''.
''This is as good as it gets in my business'', Baay says.