Test results for the Cascadura gas discovery continue to be impressive. Broker Shore Capital has yet to upgrade its valuation for Trinidad-focused oil and gas producer Touchstone Exploration Inc (LON: TXP), but it does anticipate an upgrade soon.
An average flow rate of 28mmcfd of gas was achieved over 24 hours and there were 780bopd of associated liquids. That is equivalent to 5,470boepd, which is higher than at the previous test zone.
Touchstone believes that the daily production rate for Cascadura could be between 7,750-9,700 barrels of oil equivalent. Probably three-quarters of the p...
