Touchstone Exploration (OTC) (TSE:TXP) has released an update.
Touchstone Exploration has reported promising drilling results at its Cascadura-3ST1 and CO-374 wells, with significant hydrocarbon finds and high sand thickness, signaling potential for robust production. The company is gearing up for production testing of Cascadura-3ST1 in Q3 2024 and has commenced the expansion of its natural gas facility. Touchstone’s first-quarter production volumes averaged 7,015 barrels of oil equivalent per day (boe/d), reflecting strong operational performance.
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