Touchstone Closes Acquisition Of Shell’s Central Block

Touchstone Exploration has completed its acquisition of Shell’s interest in the Central Block in Trinidad and Tobago, securing a 65% operating stake in the onshore asset for US$28.4 million in cash, subject to final closing adjustments. The acquisition was initially announced on December 13 last year when Touchstone announced that it had entered into an agreement with BG Overseas Holdings Limited to acquire all the share capital of Shell Trinidad Central Block Ltd (STCBL).