Touchstone Exploration Inc. ("Touchstone") (TSX, TXP) is pleased to provide an update regarding natural gas and liquids production volumes from the recently commissioned Cascadura facility. Touchstone has an 80 percent operating working interest in the Cascadura field, which is located on the Ortoire block onshore in the Republic of Trinidad and Tobago. Heritage Petroleum Company Limited holds the remaining 20 percent
working interest.
Touchstone achieved its forecasted Cascadura gross natural gas production rate of 60 million cubic feet
per day ("MMcf/d") on September 15, 2023. The Cascadura-1ST1 well is currently contributing
approximately 40 MMcf/d while the Cascadura Deep-1 well is contributing approximately 20 MMcf/d of
gross natural gas volumes. In addition, the wells are currently producing an aggregate 1,400 barrels per
day of field estimated gross natural gas liquids volumes.
Paul Baay, President and Chief Executive Officer, commented:
"I am very pleased that we have reached our gross target rate of 60 MMcf/d at Cascadura after our first
week of operations. The performance of the wells, both of which are being choked at surface, is in line with
expectations and the surface facility is currently operating at approximately 67 percent of its capacity."
