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…
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…
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…