Touchstone improves Cascadura compressor performance and starts new drilling
Touchstone ($TXP) Exploration mobilized a two-well drilling program at WD-4 in Trinidad, using a contractor operating under a turnkey-cost arrangement. At Cascadura, a solvent treatment of the 2ST1 well produced encouraging initial results. Compressor uptime improved to 73% from 57% in the preceding month, helping gross gas production increase to 12.6 million cubic feet per day from 9.7 million. The broader picture remains mixed. A cleanout at Cascadura-3 did not resolve the underlying damage, w
0