Latest Share Chat

Touchstone Exploration Share News (TXP)

Touchstone Exploration Information

Buy TXP Shares
Add TXP to Watchlist
Add TXP to Alert

Share Price Information for Touchstone Exploration (TXP)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 32.25

Bid: 32.00

Ask: 32.50

Change: -1.25 (-3.73%)

Spread: 0.50 (1.563%)

Open: 33.50

High: 32.25

Low: 31.60

Prev. Close: 33.50

Last checked at -

IN BRIEF: Touchstone hails successful results from Trinidad well drill

Wed, 10th Apr 2024 10:56

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."

Current stock price: 46.30 pence, down 5.0% on Wednesday morning in London

12-month change: down 33%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

12 Jun 2023 12:39

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,

26 May 2023 13:46

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.

17 May 2023 19:53

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.

12 May 2023 13:55

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.

12 May 2023 11:15

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.

24 Apr 2023 10:22

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.

24 Apr 2023 09:50

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.

24 Apr 2023 08:55

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.

24 Mar 2023 16:05

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.

24 Mar 2023 11:01

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.

6 Mar 2023 16:19

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.

2 Mar 2023 14:47

TRADING UPDATES: Cordiant Digital hails portfolio firm's deal with AMC

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

27 Feb 2023 12:19

Touchstone expects initial natural gas from Cascadura facility in June

(Alliance News) - Touchstone Exploration Inc on Monday said it was notified by the National Gas Company of Trinidad & Tobago Ltd that they expect to receive first gas production from the Cascadura natural gas and associated liquids facility on or around June 30.

6 Feb 2023 10:36

Touchstone begins Royston-1X operations in Trinidad & Tobago

(Alliance News) - Touchstone Exploration Inc announced on Monday that it has begun operations at its Royston-1X sidetrack well at the onshore Ortoire block in Trinidad & Tobago.

9 Jan 2023 20:41

TRADING UPDATES: Mobile Tornado loses CEO; DeepVerge revenue jumps

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

Latest Share Chat

Touchstone Exploration Share News (TXP)

Share Price Information for Touchstone Exploration (TXP)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Touchstone hails successful results from Trinidad well drill

Login to your account

Quickpicks are a member only feature

Login to your account