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Touchstone Exploration's drilling programme continuing to provide significant growth

Paul Baay, chief executive of Touchstone Exploration Inc (LON:TXP), spoke to Proactive's Andrew Scott to update on current production as well as exploration plans for 2019 following on from the company's AGM.

''The first ten days of this month were north of 1800 barrels a day, which is great,  we've talked previously about that target of two 2000 barrels a day and wanted to be there by the end of the summer and it certainly looks like we're going to get there''.

''We've now spudded our sixth well in the ten well drilling programme so that's underway so everything's rolling out just the way we've talked about previously''.

Quick facts: Touchstone Exploration Inc

Price: 40.5 GBX

AIM:TXP
Market: AIM
Market Cap: £65.08 m
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Touchstone declare 'solid quarter production' in Q3 results.

Trinidad-focused Touchstone Exploration  (LON:TXP, TSE:TXP) tell Proactive London investors that Q3 results are impressive with strong cashflow and good production in the field backing it up. Crude oil production averaged 1,758 barrels per day in the third quarter as the group's...

on 15/11/18

2 min read