The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Corosan could contain up to 50 billion cubic feet (Bcf) of gas which could effectively double the company’s current production. The second prospect is called Balata West, which Touchstone believes could support 30-40 wells producing 3,000-4,000bopd. However, the third prospect, called the Central Prospect, could well be the most prospective of all the Ortoire targets.
The current share price is underpinned by the production an price of oil , let’s not forget, Txp is not a one trick Pony , we are actually producing oil around 1800 bpod .
The Magnitude of Ortoire is by no means priced in, unlock this 1st well with a good result , TXP will then no longer be ignored.