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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: 41.25 GBX

AIM:TXP
Market: AIM
Market Cap: £66.29 m
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Touchstone Exploration seeing production from all 11 wells drilled last year

Touchstone Exploration (TSX:TXP) President and CEO Paul Baay joined Steve Darling from Proactive Investors Vancouver on Skype to provide and update on January and February’s numbers. Crude Oil sales of 1994 barrels per day in January and 2,179. barrels per day in February. Baay also talked...

on 03/15/2019

2 min read