Touchstone Exploration's subsidiary has obtained a six-year exploration license for Rio Claro in Trinidad.

Touchstone Exploration Inc.'s subsidiary, Primera Oil and Gas Limited, has secured an Exploration and Production Licence for the Rio Claro block in Trinidad and Tobago. Signed on November 4, 2024, the licence includes a six-year exploration term and an option for a 19-year extension for commercial discoveries. It covers nearly 32,000 acres and requires geological studies, seismic reprocessing, and drilling. The financial commitment for the initial term is estimated at $2.4 million.

November 05, 2024
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