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Share Price Information for Touchstone Exploration (TXP)

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Share Price: 43.50
Bid: 43.00
Ask: 44.00
Change: 0.00 (0.00%)
Spread: 1.00 (2.326%)
Open: 43.50
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Low: 43.50
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AIM WINNERS & LOSERS: Touchstone up on gas find, C4X on Sanofi deal

Mon, 12th Apr 2021 11:28

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Touchstone Exploration Inc, up 17% at 107.00 pence, 12-month range 22.2p-178p. The oil and gas explorer says flowback testing of one of its wells in Trinidad & Tobago confirmed a liquids-rich natural gas discovery. President & Chief Executive Paul Baay notes that the test results "demonstrate the clear future production opportunities for the company."

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C4X Discovery PLC, up 12% at 44.85p, 12-month range 11.5p-54.5p. The drug development firm signs exclusive worldwide licensing agreement with Sanofi SA for C4XD's oral pre-clinical IL-17A inhibitor programme. C4XD will receive an upfront payment of EUR7 million and could receive up to a further EUR407 million in potential development, regulatory and commercialisation milestones, of which EUR11 million is in pre-clinical milestones, in addition to single-digit royalties. Sanofi shares were up 0.2% in Paris.

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Elixirr International PLC, up 11% at 479p, 12-month range 185p-480p. The London-based consultancy says it performed "exceptionally well" in 2020. Elixirr International says 2020 revenue rose by 24% to GBP30.3 million from GBP24.5 million and pretax profit was up to GBP5.8 million from GBP1.7 million. Says trading in first quarter has been strong with revenue increasing by more than 60%.

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AIM - LOSERS

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Concurrent Technologies PLC, down 8.9% at 95.70p, 12-month range 82p-126p. The embedded computer products manufacturer says some project delays could see revenue shifting to 2022. Pretax profit in 2020 fell 32% to GBP2.8 million from GBP4.1 million in 2019. Revenue, however, improved 8.8% to GBP21.1 million from GBP19.4 million. Looking ahead, Concurrent says it is taking a cautious approach to revenue growth in the coming year because of the continuing uncertainty caused by the Covid-19 outbreak and the delays seen to some programmes potentially moving revenue from 2021 to 2022.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
10 Apr 2024 10:56

IN BRIEF: Touchstone hails successful results from Trinidad well drill

Touchstone Exploration Inc - Canadian-based oil and gas exploration company - Says the Cascadura-2 delineation well in Trinidad and Tobago was drilled to a total depth of 8,252 feet, with open hole logs and drilling data indicating a total sand thickness of approximately 900 feet in the targeted Herrera formation. Says that the Cascadura-3ST1 well has been cased, and production testing is scheduled to start in the third quarter of 2024 directly into the Cascadura natural gas facility. Chief Executive Officer Paul Baay said: "We are pleased with the successful results from the two delineation wells at Cascadura, with both wells demonstrating the quality and scale of the structure. In addition, the Cascadura-3ST1 well is the first to cross the C-fault to the east side of the structure, an area where reserves have not been previously assigned. The CO-374 development well is also noteworthy, as it has the highest net pay we have observed to date on our crude oil legacy blocks."

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21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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4 Mar 2024 19:06

TRADING UPDATES: StreaksAI CEO Blows resigns, replaced by chair

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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1 Mar 2024 18:29

TRADING UPDATES: Alpha Real Trust says in "robust" financial shape

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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8 Feb 2024 10:52

IN BRIEF: Touchstone shares jump on Cascadura-2 drilling results

Touchstone Exploration Inc - Canadian-based oil and gas exploration company - Says the Cascadura-2 delineation well in Trinidad and Tobago was drilled to a total depth of 7,132 feet. The Cascadura-2 well is currently being cased, and production testing is scheduled to commence in the third quarter of 2024 directly into the Cascadura natural gas facility. "The encouraging Cascadura-2 delineation well drilling results represent a great start to 2024. Cascadura-2 has proved up the concept of highly productive sands extending significantly to the east of our initial Cascadura discovery. We estimate that the well was drilled for under USD6 million on a gross basis, which further enhances the economics of this prolific hydrocarbon fairway. With this new data point, we can design a multi-year drilling program to fully develop the structure," says Chief Executive Paul Baay.

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8 Feb 2024 10:11

AIM WINNERS & LOSERS: Sanderson falls as revenue and profit down

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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19 Dec 2023 11:53

Touchstone Exploration drops after announcing bold 2024 capital budget

(Alliance News) - Touchstone Exploration Inc shares dropped on Tuesday following the release of its 2024 budget guidance.

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19 Dec 2023 10:12

AIM WINNERS & LOSERS: Tertiary Minerals signs earn-in for Konkola West

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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14 Nov 2023 16:48

Touchstone Exploration third-quarter sales and production grow

(Alliance News) - Touchstone Exploration Inc on Tuesday said production surged in the third quarter as sales also rose.

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26 Oct 2023 15:04

Director dealings: Touchstone Exploration CEO makes share sale

(Sharecast News) - Touchstone Exploration revealed on Thursday that chief executive Paul Baay had offloaded 131,000 shares in the AIM-listed exploration and development firm.

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3 Oct 2023 11:11

Director dealings: Everyman non-exec linked to buy, Touchstone chair sells shares

(Sharecast News) - Two transactions were disclosed to the market on Tuesday involving directors at Everyman Media Group and Touchstone Exploration, traded on the London Stock Exchange and the Toronto Stock Exchange, respectively.

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18 Sep 2023 15:15

IN BRIEF: Touchstone Exploration hails Cascadura output at Ortoire

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Says recently commissioned Cascadura facility on the Ortoire block onshore Trinidad & Tobago achieves forecasted gross natural gas output rate of 60 million cubic feet per day last week Friday. Touchstone owns 80% operating working interest in the Cascadura field, with Petroleum Co Ltd owning the remaining 20%.

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7 Sep 2023 17:04

TRADING UPDATES: Corcel spuds well; Touchstone celebrates production

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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24 Aug 2023 15:53

Touchstone completes five-phase testing at Royston well

(Sharecast News) - Touchstone Exploration announced the completion of its five-phase production testing at the Royston-1X well on Thursday.

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24 Aug 2023 10:44

AIM WINNERS & LOSERS: Malvern eyes return to interim profit

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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