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Touchstone Exploration ' comfortably ahead of production expectations'

Paul Baay, chief executive of Touchstone Exploration Inc (LON:TXP, CVE:TXP), spoke to Proactive Investors to discuss this week's financial and production updates.

Results for Touchstone's first quarter reveal some US$7.42mln of revenue, up around 50% from the same period in 2017.

The company’s production, up 21% to 1,543 bopd, saw a realised net back of US$33.53 per barrel which was a 42% improvement from the 2017 comparative.

Quick facts: Touchstone Exploration Inc

Price: 164 GBX

AIM:TXP
Market: AIM
Market Cap: £342.27 m
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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