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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: 21.9 GBX

AIM:TXP
Market: AIM
Market Cap: £35.19 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