Touchstone Exploration to acquire Shell Trinidad Central Block for $23m.

Touchstone Exploration, an oil and gas company, agreed to acquire Shell Trinidad Central Block, a producing conventional gas field, for $23m. "We are pleased to enter into an agreement to purchase the Central block asset. The asset is a strategic fit with Touchstone's current land base and provides us access to world LNG prices for natural gas. The infrastructure associated with the assets provides processing and takeaway capacity for natural gas in the Herrera fairway. During 2025 we will consider pursuing an infill development drilling program at Central block and look to boost production and LNG sales," Paul Baay, Touchstone Exploration, President and CEO.