LONDON: Touchstone Exploration has agreed to acquire Trinity Exploration and Production, with the boards of both companies expressing their satisfaction over the terms of the all-share offer. The acquisition, structured as a scheme of arrangement under the Companies Act, will result in Trinity shareholders receiving 1.5 new Touchstone shares for each share they hold. Upon…
All posts tagged Touchstone Exploration
Touchstone announces significant natural gas discovery at Chinook-1
CALGARY: Touchstone Exploration Inc. reports that the Company has completed drilling the Chinook-1 exploration well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago and that the well encountered significant hydrocarbon accumulations based on wireline log data. Chinook-1 (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest) is…
Cascadura Well test confirms substantial liquids rich gas discovery
CALGARY: Touchstone Exploration Inc. announced that flowback testing of the first stage of the Cascadura-1ST1 well has been completed, confirming that the well is a significant liquids rich natural gas discovery. Paul Baay, President and Chief Executive Officer, commented: “The Cascadura production test results represent a dramatic change for Touchstone, as it confirms the monumental…