leadf
logo-loader
viewTouchstone Exploration Inc

Touchstone Exploration pushing ahead with 2018 drill programme

Paul Baay, chief executive of Touchstone Exploration Inc (LON:TXP, TSE:TXP), tells Proactive Investors they've optimised the wells drilled in 2017 as well as updated on the 2018 drill programme.

Oil sales averaged 1,521 and 1,552 barrels per day for the months of January and February respectively, at average prices of US$61.17 and US$57.79 per barrel.

Baay says the four wells drilled last year have maintained strong production with the new wells yielding an average of 280 bopd.

Field production is currently seen at around 1,705 bopd, and the batch of new wells are flowing around 400 bopd.

Quick facts: Touchstone Exploration Inc

Price: 125.5 GBX

AIM:TXP
Market: AIM
Market Cap: £261.92 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Touchstone Exploration Inc named herein, including the promotion by the Company of Touchstone Exploration Inc in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: Touchstone Exploration reveals full-year results; focuses on...

Touchstone Exploration Inc (LON:TXP) CEO Paul Baay revealed to Proactive the AIM-quoted oil firm's full-year results for 2019. Baay says the company’s focus is on delivering the Coho and Cascadura discovery wells, which will significantly boost production volumes, and drill Chinook which...

on 03/26/2020

2 min read