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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: 14.25
Bid: 14.00
Ask: 14.50
Change: 0.00 (0.00%)
Spread: 0.50 (3.571%)
Open: 14.25
High: 14.50
Low: 14.25
Prev. Close: 14.25
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IN BRIEF: Touchstone shares jump on Cascadura-2 drilling results

Thu, 08th Feb 2024 10:52

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.

Current stock price: 54.00 pence, up 17%

12-month change: down 26%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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24 Aug 2023 09:18

Touchstone completes testing at Ropyston-1X; aims to begin pumping

(Alliance News) - Touchstone Exploration Inc on Thursday said it has completed its programme of five production test intervals at its Royston-1X well.

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11 Aug 2023 09:56

Touchstone Exploration first half figures fall on lower oil production

(Alliance News) - Touchstone Exploration Inc on Friday said revenue was down in the first half as oil production fell.

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11 Aug 2023 08:47

Touchstone production rises but fall in sales hits Q2 financials

(Sharecast News) - Touchstone Exploration reported a significant rise in production in its second quarter on Friday, with average volumes reaching 1,827 barrels of oil equivalent per day, although its financials took a hit thanks to a decline in crude sales.

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31 Jul 2023 16:17

TRADING UPDATES: Touchstone wells shut in, Trident quarter receipts up

(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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29 Jun 2023 20:15

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:

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22 Jun 2023 15:44

UK shareholder meetings calendar - next 7 days

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13 Jun 2023 14:17

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.

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13 Jun 2023 14:04

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.

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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,

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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.

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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.

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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.

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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.

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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.

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