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Pin to quick picksTouchstone Exploration Share News (TXP)

Share Price Information for Touchstone Exploration (TXP)

London Stock Exchange
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Share Price: 41.25
Bid: 41.00
Ask: 41.50
Change: -1.00 (-2.37%)
Spread: 0.50 (1.22%)
Open: 42.25
High: 42.25
Low: 41.25
Prev. Close: 42.25
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AIM WINNERS & LOSERS: Harvest gets approval; CareTech faces takeover

Mon, 07th Mar 2022 11:32

(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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600 Group PLC, up 9.1% at 12.55p, 12-month range 8.75p-16.50p. Enters conditional sale and purchase agreement with Timesavers Acquisition LLC for the sale of its machine tools division. The agreement relates to the disposal of 600 UK Ltd, Colchester GmbH, 600 Machinery Australia Pty Ltd and Clausing Industrial Inc. Together these comprise of the Yorkshire, England-based industrial product manufacturer's machine tools solutions division. The disposal would be for USD21 million in cash. 600 Group said proceeds from the sale will be used to pay down its existing debts and provide significant additional resources to invest growth strategies focused on industrial laser systems.

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Harvest Minerals Ltd, up 9.6% at 12.00p, 12-month range 2.70p-12.00p. Hits 12-month high after says its multi-nutrient KP Fertil has been approved as a mineral fertilizer by Brazil's Ministry of Agriculture, Livestock & Food Supply. The London-based fertiliser producer says the certification adds to the product's current certification of soil remineralizer in Brazil. Chair Brian McMaster says: "Being recognised as a fertilizer by MAPA is the highest level of certification that KP Fertil needs to achieve and is indisputable recognition of the quality of our product."

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CareTech Holdings PLC, up 10% at 645.01p, 12-month range 530.00p-699.00p. Could soon be facing a takeover after shareholder Sheikh Holdings Group, the family office of Haroon and Farouq Sheikh, confirms press report it is in the "early stages of forming a consortium" to potentially make a bid to buy CareTech. The company has not yet been approached, it notes.

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AIM - LOSERS

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Touchstone Exploration Inc, down 12% at 83.44p, 12-month range 77.00p-155.00p. 3P gross reserves end 2021 at 121.3 million barrels of crude oil equivalent, up 21% from year prior, while 2P gross reserves increase by 16% to 75.5 million barrels of crude oil equivalent and 1P gross reserves increase by 13% to 38.7 million barrels of crude oil equivalent. Chief Executive Paul Baay says: "Our 2021 independent reserves evaluation confirms the significant opportunities at our Ortoire property and the profitability of all of our assets in Trinidad."

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

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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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