Touchstone Exploration Inc. announced drilling results of the Cascadura-2 delineation well. The Cascadura-2 delineation well was spud on January 6, 2024 from Cascadura C surface location and reached a total depth of 7,132 feet on February 4, 2024. While planned to drill the well to a total depth of 8,300 feet, the gas sands encountered proved difficult to manage, and ceased drilling to preserve the substantial pay section observed in the well.

Drilling samples and openhole wiring logs indicated over 525 feet of sands in the targeted Herrera formation with hydrocarbon shows observed in samples and at surface throughout the primary intervals. The top of the key Herrera formation was detected at a measured depth of 6,186 feet, with sand and shows observed throughout the section to the total depth of the well. Based on these encouraging results, are currently installing casing for future production.

The company expects to test the well directly into the Cascadura natural gas facility in the third quarter of 2024. Cascadura-3 Development Well The Star Valley 205 drilling rig will be walked to the Cascadura-3 development well location on Cascadura C site when casing installation at Cascadura-2 is complete. The company expects to spud the well within the next two weeks, which will target the same Herrera formation as the existing Cascadura producing wells.