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Touchstone Exploration CEO 'taken by surprise' by scale of oil find on its Ortoire block

Touchstone Exploration Inc's (LON:TXP, TSE:TXP) Paul Baay caught up with Proactive London's Andrew Scott after announcing a significant crude oil discovery on the Ortoire exploration block, onshore Trinidad.

The Cascadura-1ST1 well encountered what is described as significant prospective oil pay, totalling 1,037 feet gross.

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Price: 40 GBX

AIM:TXP
Market: AIM
Market Cap: £64.28 m
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Touchstone Exploration now has the 'certainty' to accelerate its Ortoire...

Touchstone Exploration Inc's (LON:TXP) (TSE:TXP) Paul Baay speaks to Proactive London's Andrew Scott after announcing they've raised US$11.6mln (£9mln) through a share placing. The new funds have been earmarked for the acceleration of its  exploration activities in the Ortoire block.

4 days, 14 hours ago

2 min read