Touchstone exploration announces initial production from Cascadura C

Touchstone has safely commissioned the flowline connecting the Cascadura C surface location to the Cascadura natural gas processing plant, which ties in the Cascadura-2ST1 and Cascadura-3ST1 wells. Additionally, a new natural gas separator has been installed and brought online, expanding the plant's gross natural gas processing capacity to approximately 140 million f³/d.

Touchstone is currently conducting production testing operations on the Cascadura-2ST1 well and expects to advance to the Cascadura-3ST1 well thereafter. Isochronal tests will be performed on both wells to evaluate their production capacity and refine future production models. These tests involve flowing each well at various choke sizes to measure flow rates and pressures, followed by pressure build-up periods to assess reservoir performance. During this testing phase, all produced gas will be processed and sold. It is expected that testing operations will be completed within the next two weeks, after which both the Cascadura-2ST1 and Cascadura-3ST1 wells will enter continuous production. Touchstone will provide additional flow rate details once testing concludes.

Paul R. Baay, President and Chief Executive Officer, commented: "We are excited to announce the commencement of production from the Cascadura C pad, marking a significant milestone as tested volumes from these wells begin generating revenue. Following these well tests, our focus will be on determining optimal production levels to maximise recovery from this portion of the structure. Positioned at the boundary of our reserves booking, these wells offer an exciting opportunity to expand our reserves potential across the field as we continue to evaluate the Cascadura structure to the east. With the recent flowline installation and facility expansions, we have established strategic infrastructure throughout the Cascadura field, creating efficiencies that are expected to greatly reduce future cycle times from drilling to production."

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