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Touchstone Exploration looking to release first Ortoire results next week

Touchstone Exploration Inc’s (LON:TXP) Paul Baay had a chat with Proactive London’s Andrew Scott over its latest quarterly update.

The company is set to release results from exploration in the Ortoire block next week, expected to prove a 5,000 barrels per day combined flow.

The programme involves four wells, potentially followed by more if successful as these kind of assets offer “pool” discoveries, according to Baay, rather than “one-well wonders”.

Quick facts: Touchstone Exploration Inc

Price: 14.75 GBX

AIM:TXP
Market: AIM
Market Cap: £23.7 m
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Touchstone Exploration Inc's (LON:TXP; TSE:TXP) Paul Baay speaks to Proactive London's Andrew Scott after announcing a higher-than-expected production rate from its Coho-1 well, onshore Trinidad. Output peaked at 19.8mln cubic feet (MMCFD) of sweet natural gas, the equivalent of 3,300...

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