Touchstone Exploration (TSE:TXP) has released an update.
Touchstone Exploration Inc. has announced promising results from their Cascadura well tests, with high initial shut-in wellhead pressures indicating significant natural gas presence, and successful crude oil flow from the Cascadura-3ST1 well. Infrastructure enhancements, including a newly installed flowline and test separator at the Cascadura gas facility, are set to expedite future development and production. Furthermore, the acquisition of the Balata East field has led to a nearly 300 percent increase in production since June 2024, demonstrating the company’s effective optimization strategies.
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