Touchstone Exploration reveals strong revenue growth
The Trinidad firm has been ramping up production and the first quarter showed a major improvement from the comparative period in 2017
Company
Touchstone Exploration Inc
LON:TXP
Touchstone Exploration Inc is a Calgary, Alberta based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. The company is currently active in onshore properties located in the Republic of Trinidad and Tobago.
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Touchstone Exploration confirms 20% production growth after drilling five new wells
Average production was up in the first quarter, grew further through April and three more new wells are due online in the coming weeks
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Oil sales averaged 1,521 and 1,552 barrels per day in January and February respectively, production from the new wells is described as strong
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