Touchstone Exploration Share News (TXP)

TRADING UPDATES: Pittards to raise GBP1.5 million as aims to refinance

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

UK shareholder meetings calendar - next 7 days

Touchstone subsidiary wins Cipero licence in Trinidad bid round

(Sharecast News) - Touchstone Exploration announced on Tuesday that its subsidiary Primera Oil and Gas (POGL) has been awarded the Cipero onshore block in the Trinidad and Tobago 2022 onshore and nearshore competitive bid round.

Touchstone Exploration subsidiary awarded Cipero onshore block license

(Alliance News) - Touchstone Exploration Inc said on Tuesday that its subsidiary Primera Oil and Gas Limited was awarded the Cipero onshore block in the Trinidad and Tobago 2022 onshore and nearshore competitive bid round.

Director dealings: Croda secretary invests, Touchstone non-exec offloads option shares

(Sharecast News) - Croda International was on the list of director buys on Monday, after the company secretary picked up almost £50k worth of shares,

IN BRIEF: Touchstone Exploration signs second revolving loan facility

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Subsididary Touchstone Exploration Ltd signs second USD7 million revolving loan facility with an unnamed Trinidad-based lender. Intends to use revolving loan proceeds to maintain financial flexibility while it proceeds with its Royston-1X production testing operations the construction of its Cascadura facility.

IN BRIEF: Touchstone Exploration CEO fined for securities rules breach

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Announces that its Chief Executive Officer Paul Baay has entered into a settlement agreement with the Alberta Securities Commission in relation to a breach of the Securities Act. Baay admits that he, on six occasions emailed draft Touchstone news releases to an employee of a regulated Canadian investment dealer firm, prior to the news being broadly distributed. Baay has paid the ASC CAD40,000, around GBP23,823, in settlement of the matter and will complete training in public company governance best practice.

IN BRIEF: Touchstone Exploration loss widens amid lower oil price

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Net loss in the first quarter of 2023 widens slightly as price received nearly halves. Net loss increases to USD279,000 from USD236,000 a year ago. Average daily output grows 53% to 2,139 barrels of oil equivalent from 1,396. However, realised commodity price plunges 47% to USD44.03 per barrel of oil equivalent from USD83.55. As a results, petroleum and natural gas sales revenue declines by 19% to USD8.5 million from USD10.5 million. Looking ahead, expects second production test of Royston-1X sidetrack well in Trinidad to start late this month.

Touchstone losses widen despite rise in production

(Sharecast News) - Touchstone Exploration reported a 53% rise in average production volumes in the first quarter on Friday, to 2,139 barrels of oil equivalent per day, compared to 1,396 equivalent barrels per day in the same period last year.

Touchstone Exploration says Royston-1X well test indicates crude oil

(Alliance News) - Touchstone Exploration Inc on Monday said the initial Royston-1X production test on the least prospective part of the well has confirmed the presence of light crude oil at non-commercial rates.

AIM WINNERS & LOSERS: Karelian rises as exploration programmes begin

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

LONDON MARKET OPEN: Stocks largely lower; oil majors weigh on FTSE 100

(Alliance News) - Stock prices in London opened larger lower on Monday, with the FTSE 100 weighed down by oil producers Shell and BP as the price of crude softened.

Touchstone swings to loss despite rise in production

(Sharecast News) - Touchstone Exploration reported an 18% increase in average daily production volumes in its full-year results on Friday, driven by incremental natural gas production from the Coho-1 well, although it did swing to a loss for the year.

Touchstone annual profit down after swing to impairment; production up

(Alliance News) - Touchstone Exploration Inc on Friday said annual profit fell despite revenue increasing, as total expenses multiplied.

IN BRIEF: Touchstone Exploration year-end reserves increase by 33%

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad and Tobago - In 2022, increases proved developed producing gross reserves by 33% to 4,843 million barrels of oil equivalent. Total proved reserves fall by 0.7% to 38,463Mboe and total proved plus probable reserves fall by 0.6% to 75,074Mboe. Total proved plus probable plus possible also fall by 0.6%, dropping to 120,594Mboe. Says total proved developed producing reserve replaces 2022 annual production by more than quadruple.