Touchstone Exploration Inc. (Touchstone) is pleased to announce that the Coho facility has safely delivered its first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located in the Ortoire block, where Touchstone has an 80% operating working interest and Heritage Petroleum Company Limited holds the remaining 20% working interest.
On September 26, 2022, the Coho facility was approved by the Certified Verification Agent with the Trinidad and Tobago Ministry of Energy and Energy Industries promptly authorizing facility commissioning. On September 27, 2022, Touchstone commenced commissioning and achieved commercial deliveries on October 10, 2022, with a field estimated sustained gross production rate of approximately 10.5 million cubic feet per day (approximately 8.4 million cubic feet per day net).
Touchstone will continue to monitor the Coho-1 well to optimize production. In conjunction with initial production, it has sold the 2.7-km, 6-inch gathering line tying in our Coho facility to the Baraka natural gas facility to The National Gas Company of Trinidad and Tobago Limited (NGC). Natural gas production from the Coho facility will be sold to NGC according to a natural gas sales agreement executed in December 2020.
