Touchstone's Brighton Well Abandoned
Touchstone announced that the exploration well SE-1 operated by SOOGL Antilles (Trinidad) Limited was drilled to a total depth of 6500 ft. and is being plugged and abandoned. In addition to several oil shows throughout the drilled column, the well encountered prospective oil at 1,673 feet; however, the zone will not be tested due to operational safety considerations. Touchstone placed no value on the project in the recent Primera acquisition and all costs for this well were carried by the partner. The East Brighton property remains a significant asset for Touchstone with the two discovery wells on Block "A" and several additional exploration prospects identified on Block "B". Touchstone, through its subsidiary, Territorial Services Limited, operates 16 properties onshore Trinidad, which includes 10 production facilities and average 1,000 BBls/d of production.