Touchstone Exploration Inc on a drilling roll at Ortoire project

(LON:TXP, ) confirmed its first-quarter results in-line with expectations as sales averaged 1,297 barrels per day and it advanced high-priority testing of wells in the Ortoire block.

Bringing the more prolific Ortoire wells to production has been the company’s focus, as it positions itself as a natural gas producer.

The wells were drilled in the fourth quarter of 2020 and in the first quarter of 2021 the company carried out production testing of the Chinook-1 and Cascadura Deep-1, along with preparations for new drilling.

As announced recently, the Cascadura Deep well tested with a peak rate of 4,567 barrels oil equivalent per day.