RE:Good news on Cascadura.........and.......... As a catch up, this is the deal for which finalisation might be holding up the release of Royston intermediate flow rates. As you can see.......Royston is very much in mind with this proposed swap.
https://www.investegate.co.uk/announcement/rns/touchstone-exploration-inc-npv-di---txp/execution-of-asset-exchange-agreement/7343664 Transaction Highlights
· The Transaction contemplates swapping producing legacy crude oil fields which we consider non-core due to limited scalability in exchange for highly prospective exploration and development acreage contiguous to our Ortoire block.
· Acquisition of approximately 28,000 working interest acres directly offsetting our Ortoire block, allowing us to significantly expand development prospects adjacent to our Cascadura and Royston discoveries.
· The Balata East block has a liquids facility which may potentially be used as a delivery point for future liquids volumes produced at Cascadura and Royston.
· The Transaction also provides Touchstone access to an 18-kilometre oil pipeline that transects our Ortoire block.
· Future potential production from the Rio Claro block is not subject to our current Ortoire block natural gas sales agreement with The National Gas Company of Trinidad and Tobago Limited, with any potential discoveries subject to separate product marketing arrangements.