Touchstone Exploration (LSE:TXP) has reported encouraging drilling results from the Carapal Ridge-3 development well on its Central block in Trinidad and Tobago, marking the first well drilled into the Carapal Ridge pool in 17 years. The well intersected approximately 1,082 feet of net sand, including around 1,000 feet of net Herrera sands containing hydrocarbons both above and below a key shale marker.
In addition, the well encountered 82 feet of net Karamat sands, confirming the presence of a secondary gas-charged interval and establishing a new potential gas play on the block. While Carapal Ridge-3 was drilled at a cost around 25% above budget, largely due to additional work required to manage natural gas flows from previously unproduced Karamat sands, the well was successfully drilled to a total depth of 8,200 feet and has been cased for future production. The well design includes a horizontal section aimed at maximising exposure to unproduced Herrera sands.
Completion activities are now under way, with tie-in to the Central block’s natural gas processing facilities targeted for the first quarter of 2026. The results validate Touchstone’s seismic interpretation and support the potential for up to three additional Herrera development wells on the Central block. They also open up a new standalone Karamat prospect, which could contribute incremental gas volumes and further strengthen the company’s growth pipeline in Trinidad.
More about Touchstone Exploration
Touchstone Exploration Inc. is a Calgary-based oil and gas company focused on the acquisition, exploration, development and production of petroleum and natural gas. Its operations are concentrated on onshore assets in the Republic of Trinidad and Tobago, with shares listed on the Toronto Stock Exchange and AIM in London under the symbol TXP.
Leave a Reply