At Touchstone, our commitment to discovering new opportunities drives our pursuit of continued growth. Over the last decade, we have expanded our exploration portfolio to encompass 111,726 net acres of land. Each property in our exploration portfolio represents a strategic investment in the future of energy production, aimed at unlocking substantial value and fostering sustainable growth.
Exploration Properties
Ortoire
To date we have achieved significant exploration success on the Ortoire block, with three successful exploration wells that have added over 53,030 Mboe of 2P reserves. The block still offers vast potential, featuring 29,560 net acres of exploration opportunities, with 14 potential prospects identified targeting the prolific Herrera fairway and the Cretaceous formation.
Cipero
Cipero features 23,939 net acres of exploration opportunities within the Retrench and Herrera sands, targeting depths from 4,500 to 10,000 feet. Additionally, it offers prospects in the Cretaceous formation, targeting depths from 13,500 feet and beyond.
Charuma
Charuma features 58,227 net acres of exploration opportunities within the Nariva sands, targeting depths from 2,000 to 5,000 feet. Additionally, it offers prospects in the Cretaceous formation, accessible at depths of 7,000 feet and beyond.