Touchstone Exploration increases bank debt by $13M for 2024 capital program with a Trinidad-based lender, expanding term and revolving loan facilities.
Touchstone Exploration increases bank debt by $13M for financing its 2024 capital program. Trinidad-based lender agrees to amended bank loan, adding a new $10M five-year term loan facility and raising the revolving loan facility's borrowing capacity to $10M. Drilling operations update includes commencing Cascadura-3 and CO-374 development wells, while Cascadura-2 well issues have been addressed.
March 04, 2024
3 Articles