viewTouchstone Exploration Inc

Touchstone to target world class oil and gas reserves after fundraise

Paul Baay, CEO of Touchstone Exploration (LON:TXP) tells Proactive London that its £3.8mln fundraise had the backing of the company's two biggest institutional shareholders. 

The capital injection will fund exploration at the Ortoire Block in Trinidad.  Baay explains the programme is a potential step change and the company is targeting "very large gas reserves and very large oil reserves."

He added, “If we have a great deal of success, we could have a multi-year drilling programme and that’s a problem I’m happy to deal with down the road.”

Quick facts: Touchstone Exploration Inc

Price: 125.5 GBX

Market: AIM
Market Cap: £261.92 m

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Touchstone Exploration on latest results from Ortoire, Coho and Chinook

Touchstone Exploration Inc's (LON:TXP) (CVE:TXP) Paul Baay talks to Proactive London's Katie Pilbeam about the progress being made at the Ortoire exploration block in Trinidad, which continues to exceed expectations. Completion has been confirmed of the drilling at the Cascadura Deep-1...

1 day, 17 hours ago

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