Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Touchstone Exploration sees production growth in early July

New wells are boosting production, with volumes averaging 1,455 bopd in the first two weeks of July.
Onshore oil drilling
Two new wells have come online

Trinidad focussed Touchstone Exploration Inc (LON:TXP, CVE:TXP) told investors that production averaged 1,335 barrels of oil per day in its second quarter.

The recently listed company, in an update for the three months ended June 30, said it had an average realised oil price of US$45.51.

It added that the new quarter started positively, with production of 1,455 bopd in the first two weeks of July.

The company highlighted that the first two wells of a new drilling programme were completed, with both wells coming onto production adding 203 bopd.

Two more wells have, meanwhile, now been drilled and cased for production. The wells have encountered combined net oil pay of 637 feet.

View full TXP profile View Profile

Touchstone Exploration Inc Timeline

Related Articles

oil and gas operations
December 12 2017
Falcon is sitting on a major shale discovery in the Beetaloo basin, but, it is waiting for the Northern Territory to green-light fracking - with a decision expected next year.
picture of gas flare
February 13 2018
A new gas generator also came on stream recently and has started to produce the first power from the project
Oil rig drilling
October 19 2017
In a trading update in May, the AIM-listed firm said discussions over contracts are taking longer than expected to conclude, although it still anticipated orders under negotiation will come through in its financial year ending in June 2018

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use