Touchstone Sells NonOp Interest In Block Offshore Trinidad

Bought 33.8% nonop WI in Moruga Block in south-central Trinidad.

Primera Oil & Gas Ltd., a subsidiary of Touchstone Exploration Inc., Vancouver, (Toronto Venture: TAB) has closed the sale of its 33.8% nonoperated interest in the Moruga Block in south-central Trinidad to an undisclosed buyer for US$10 million.

Along with the block, Touchstone has also sold related rights, assets and interests pertaining to an area onshore Trinidad.

Touchstone president and chief operating officer Ron Bryant says “The closing of this transaction represents an integral part of our overall capital program for exploitation and development of the company's assets in Trinidad.”