Touchstone Exploration updates on its Central Block asset in Trinidad and Tobago. The asset includes four producing natural gas wells and a gas processing facility. Gross production for Q1 2025 averaged 2,969 boepd. Touchstone acquired Shell Trinidad Central Block for $23m in December 2024, now renamed Touchstone Trinidad Central Block.

Preliminary estimates for Q2 2025 show an average gross production of 3,023 boepd. Touchstone holds a 65% operating interest in the Central Block. Natural gas from the block is sold under two contracts, one linked to LNG export pricing. From Jan-Apr 2025, 11 LNG liftings were completed, with gross revenues totaling $9.9m.

Touchstone also generated $1m in gross revenues from condensate sales. The sales volume is subject to a 12.5% state royalty and applicable operating costs. The company finalized site surveys for two new well pads in Central Block, awaiting government approvals for construction. Offshore Technology originally published the news.

Read more at Yahoo Finance: Touchstone Exploration offers updates on Central Block asset in Trinidad and Tobago