Exploration & Production | Production Rates | Capital Markets | Capital Expenditure | Drilling Program
Touchstone Exploration Cuts Back Drilling Plans
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Touchstone Exploration Inc. has provided the following operational update.
Highlights Achieved peak production of 2,539 barrels per day (bbls/d) in the quarter with 2,234 bbls/d from Trinidad and 305 bbls/d from Canada (based on seven day field estimated production average); Realized average sales in the fourth quarter of 2014 of 2,276 bbls/d with 1,896 bbls/d from Trinidad and 380 bbls/d from Canadian operations; 2014 annual corporate average oil sales were 1,549 bbls/d with Trinidad production averaging 1,804 bbls/d post-acquisition (May 14, 2014 through December 31, 2014); and Drilled and cased four (4 net) wells in Trinidad during the fourth quarter. Trinidad OperationsTouchstone drilled a total of twelve (11.16 net) wells in 2014 as four (4 net) wells were drilled in the fourth…
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