Touchstone Exploration Inc (TXP): Carapal Ridge-3 completion and tie-in

This situation live

TXP Touchstone Exploration Inc

£39m · 10.2p · +40% since the first step

5 Jan 2026 · Drilled; completion underway, tie-in targeted Q1 2026 · −8% until the next step Completion operations are underway at CR-3. The Company intends to initially produce the undeveloped Herrera sands from the horizontal section of the well below the shale marker, while the uphole deve

25 Feb 2026 · Completed and perforated; shut-in awaiting tie-in · +33% until the next step The well is currently shut-in and is scheduled to be tied into the Central block facility for production in late March 2026.

30 Mar 2026 · Onstream 28 March; cleaning up · −34% until the next step The CR-3 well commenced production on March 28, 2026, and is currently flowing natural gas, 58-degree API condensate, and drilling and completion fluids.

14 May 2026 · Producing at low rate; inflow restriction · +0% until the next step Based on current well performance and flowing parameters, the well appears to be experiencing an inflow restriction.

28 May 2026 · Awaiting coiled tubing unit; may defer · +28% until the next step Given the favourable gas pricing associated with the Train 4 diversion, Touchstone is evaluating whether it is commercially advantageous to defer the CR-3 shut-in and optimization program until the At

14 Aug 2026 · Coiled tubing unit repaired; workover scheduled · −11% until the next step The CR-3 workover is scheduled for execution by late August 2026.

14 Sep 2026 · Cleanout failed; Karamat completion planned October · +24% since Execution of the Karamat completion program is targeted for October 2026.

Project milestones

Carapal Ridge-3 completion and tie-in

Cleanout failed; Karamat completion planned October

OCT31 Next: Karamat sands completion program at CR-3 in 7 days

Every step · 7

5 Jan 2026 Drilled; completion underway, tie-in targeted Q1 2026 – Completion operations are underway at CR-3. The Company intends to initially produce the undeveloped Herrera sands from the horizontal section of the well... ↗
25 Feb 2026 Completed and perforated; shut-in awaiting tie-in – The well is currently shut-in and is scheduled to be tied into the Central block facility for production in late March 2026. ↗
30 Mar 2026 Onstream 28 March; cleaning up – The CR-3 well commenced production on March 28, 2026, and is currently flowing natural gas, 58-degree API condensate, and drilling and completion fluids. ↗
14 May 2026 Producing at low rate; inflow restriction – Based on current well performance and flowing parameters, the well appears to be experiencing an inflow restriction. ↗
28 May 2026 Awaiting coiled tubing unit; may defer – Given the favourable gas pricing associated with the Train 4 diversion, Touchstone is evaluating whether it is commercially advantageous to defer the CR-3... ↗
14 Aug 2026 Coiled tubing unit repaired; workover scheduled – The CR-3 workover is scheduled for execution by late August 2026. ↗
14 Sep 2026 Cleanout failed; Karamat completion planned October – Execution of the Karamat completion program is targeted for October 2026. ↗

What is happening

Touchstone Exploration Inc: Carapal Ridge-3 completion and tie-in – Cleanout failed; Karamat completion planned October. ['Cleanout failed; Karamat completion planned October']

In short: CR-3 went onstream on 28 March at about 2.2 MMcf/d with an inflow restriction. The coiled tubing cleanout and acid stimulation was completed in August and early September (update of 14 Sep 2026) but gave only a limited response and did not cure the drilling damage. The company now plans an uphole Karamat completion in October 2026.
Announced: 5 Jan 2026 · Drilled; completion underway, tie-in targeted Q1 2026
Latest: 14 Sep 2026 · Cleanout failed; Karamat completion planned October
Constraint: Sole local coiled tubing provider fixing mechanical issues and sourcing parts
Possible deferral: Until the Atlantic LNG maintenance window ends, 19 July 2026
Next milestone: Karamat sands completion program targeted for October 2026
Equipment: Local provider resolved mechanical issues; unit is function testing
Train 4 outage: Planned maintenance ran 26 May to 3 August 2026
Cleanout result: Coiled tubing cleanout and acid stimulation completed Aug/early Sep 2026; limited production response
Karamat pay: About 82 feet net pay between 6,530 and 6,760 feet
Other wells: Karamat sands also present in Carapal Ridge-1 and Carapal Ridge-2

What comes next

Karamat sands completion program at CR-3 (31 Oct 2026).

From the company's own announcements. Not investment advice.

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Also at Touchstone Exploration Inc 3 open

Project milestonesCascadura development and compression – Cleanout failed; Karamat completion planned October Dilutive fundraiseEquity raise and loan covenant – Debenture converted to equity; going-concern doubt remains Stake building towards controlPurebond Limited towards control – 36.27% (from 19.99%) Insider conviction1 director buying – £45k in 1 buy · closed Touchstone Exploration Inc – company page →