Proactive Investors - Run By Investors For Investors

Touchstone to target world class oil and gas reserves after fundraise

Paul Baay, CEO of Touchstone Exploration (LON:TXP) tells Proactive London that its £3.8mln fundraise had the backing of the company's two biggest institutional shareholders. 

The capital injection will fund exploration at the Ortoire Block in Trinidad.  Baay explains the programme is a potential step change and the company is targeting "very large gas reserves and very large oil reserves."

He added, “If we have a great deal of success, we could have a multi-year drilling programme and that’s a problem I’m happy to deal with down the road.”

 
Meet Legend Mining Ltd and Cardinal Resources at our event, Melbourne , 16 July 2019. Register here »
View full TXP profile View Profile

Touchstone Exploration Inc Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use