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Highlights
- Touchstone Exploration extends deadline for acquisition of Shell Trinidad Central Block to May 2025
- Company progresses with financing and regulatory approvals for the acquisition
- The acquisition includes a 65% interest in onshore gas production assets in Trinidad
Touchstone Exploration Inc. (TSX: TXP) (LSE: TXP) has provided an update on its previously announced transaction to acquire Shell Trinidad Central Block Limited (STCBL). The company signed a Share Purchase Agreement (SPA) on December 12, 2024, to acquire 100% of STCBL from a third-party seller. STCBL holds a 65% operating working interest in the onshore Central Block exploration and production license in Trinidad, along with four producing gas wells and a gas processing plant. The remaining 35% interest in the project is held by the state-owned Heritage Petroleum Company Limited.
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