The good news continues to come from Trinidad-focused oil and gas producer Touchstone Exploration Inc (LON: TXP) with a further gas discovery at Cascadura Deep-1. finnCap has upgraded its share price target by 58% to 188p.
Touchstone has made a discovery with every well that it has drilled on the Ortoire block so far. The latest well is the fourth and it is apparently the best. Deeper drilling is required to firm up the potential, though, which should happen in the first quarter of 2021. This find appears to be an extension of the geology found in the Cascadura 1ST-1 well.
Further drill...
