Touchstone Exploration Reports Detailed Carapal Ridge‑3 Drilling Results for Central Block Project

Touchstone Exploration Inc. has released an operational update on the Carapal Ridge‑3 (“CR‑3”) development well located onshore in the Central Block of the Republic of Trinidad and Tobago, where it holds a 65 % operating working interest with partner Heritage Petroleum Company Limited owning the remaining 35 %. The CR‑3 well, the first drilled into the Carapal Ridge pool in over 17 years, encountered approximately 1,082 feet of net sand, including roughly 1,000 feet of net Herrera sand — indicating significant hydrocarbon‑bearing formations across multiple horizons. Spudded on November 23, 2025, the well was drilled to 8,200 feet over 35 days with controlled drilling performance, despite being about 25 % over its initial budget. The primary target was the Herrera sand, which was successfully intersected both above and below a key shale marker, validating the seismic model and confirming broad reservoir potential. In addition to thick Herrera pay zones, the drilling also identified around 82 feet of net hydrocarbon‑bearing sand in the Karamat formation, which is being evaluated as a separate drilling prospect. Completion activities are underway, and tie‑in to the Central Block natural gas processing facility is targeted for the first quarter of 2026. These positive drilling results support the potential for up to three additional Herrera development wells on the block, alongside the evaluation of the Karamat zone. #TouchstoneExploration #CarapalRidge3 #NaturalGas #EnergyDevelopment #SlimScan #GrowthStocks #CANSLIM