Proactive weekly oil & gas highlights: Touchstone Exploration, Tower Resources, Deltic Energy, Westmount Energy, i3 Energy, DGOC ...
It was an interesting week in the small-cap oil and gas sector.
Company
LON:TXP
Touchstone Exploration Inc is a Calgary, Alberta based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. The company is currently active in onshore properties located in the Republic of Trinidad and Tobago.
288 stories · page 2 of 3
It was an interesting week in the small-cap oil and gas sector.
Flat this morning, crude oil will likely to be the same for the week, one which has seen interesting inventory draws and better economic stats than might have been expected. US leaders have set the pattern usually followed by the political
The broker has a target price of 91p on the Trinidad-focused oiler
"The spudding of the Chinook well marks the next phase of our Ortoire block exploration program," said chief executive Paul Baay
It was a fairly busy week in the small-cap oil and gas sector with a sprinkling of deals and fundings.
“We could not have envisioned a better start from the first two wells of the Ortoire exploration programme," said chief executive Paul Baay
House broker Shore Capital had positive comments following this morning's latest well results out of Trinidad.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
"We are extremely pleased with the final testing data," said chief operating officer James Shipka
"We are pleased to be able to source local financing from Republic Bank, the largest lender in Trinidad and the Caribbean,” said CFO Scott Budau
Base production and netbacks from existing production are resilient, said Shore.
Crude production continues and the Ortoire block's 'first gas' is slated for later this year
It follows the successes at the Coho and Cascadura discovery wells
Chinook would be the latest of three new wells that promise to significantly boost production
It was another busy week for the small-cap oil and gas sector
Two tests have yielded aggregate flow rates above 10,000 boepd and the company is now working to bring the well to production as soon as possible
It was another busy week of updates in the junior oil and gas sector
Touchstone on Friday upgraded reserves and said new testing was slated at Cascadura this weekend.
September's expectation beating Coho discovery in the Ortoire block was followed by a potentially more significant find in December's Cascadura well.
It was a busy week of project updates and a number of funding deals.
Having enjoyed breakthrough success at Ortoire the company is now funded to accelerate its exploration campaign
“We already expect this liquids-rich gas discovery to provide a step-change for Touchstone’s production profile," said Shore Capital analyst Craig Howie.
It was a busy week of project updates, well results and management changes.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Testing of one portion of the liquids rich gas discovery measured flow at rates up to 5,736 barrels oil equivalent per day
"This is the best possible outcome for the initial test results from the Cascadura well," said chief executive Paul Baay
A look back at some of the top news from London's small-cap energy companies
A look at some of the more interesting stories from London's junior market this last week
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
The absolute flow rate of Coho-1, which is on the Ortoire exploration block, was 46mln cubic feet a day, or the equivalent of 7,671 barrels of oil
A glance at some of the day's highlights from the Proactive Investors newswire
DIscoveries were seen in multiple zones amongst some 1,037 feet of gross pay.
A look back at some of the top news from London's small-cap energy companies
Archive
The Pebble Group, a provider of products, services and technology to the global promotional products industry, announces its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange, which is expec
“The results outline the opportunities that still exist for onshore Trinidad exploration and position Touchstone to become a top three onshore petroleum producer,” said chief executive Paul Baay
The firm is working on two wells in the Ortoire block in Trinidad.
Cascadura-1, the second well, is anticipated to reach total depth in mid-November.
"Although Coho-1 targeted the smallest prospect in our Ortoire exploration inventory, the initial drilling results represent significant potential growth for the company,” said chief executive Paul Baay
With stable production and comfortable finances the Trinidad-based oil firm is looking to its exploration programme in the Ortoire block.
"It is very exciting to commence drilling in Ortoire at our Coho-1 prospect,” said Paul Baay.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A look at some of the biggest risers and fallers in London on Thursday
Archive
Funding news, project updates and financial results all featured in a busier week for the sector.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including Tricorn, Eagle Eye, Microsaic, Red Emperor, N4 Pharma, Greggs and Edenville Energy
It showed a better performance than the same quarter a year ago, though tax changes impacted profitability.
It was another active week in the junior oil and gas sector with project updates, strategy reviews and financial results
Archive
Some of the main news-driven risers and fallers in London on Wednesday…
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
“Touchstone became the most active onshore upstream company in Trinidad,” Paul Baay highlighted
Archive
Mrs May reportedly told MPs that she will resign before the next phase of the Brexit negotiations.
Archive
Big tobacco will also be making an appearance in the form of a trading update from Imperial Brands
Archive
It was another week full of highlights in the small-cap oil and gas sector.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A look at some of the top risers and fallers in London on Thursday.
“The team continues to optimise the wells drilled in the 2018 program which has resulted in significant changes to our stabilized base production rates,” said Paul Baay
Archive
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
A look at the day's major movers, including Modern Water, OKYO, Argo Group, Alfa Financial, United Carpets, Airea, Cambridge Cognition, 7digital and QUIZ
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
“Solid 2018 reserves growth was achieved from our low decline production base and drilling success," said chief executive James Shipka.
Archive
It was another quite busy week of project updates, well reports and results.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
“The opportunity at the Ortoire block represents a potential step change for Touchstone in terms of reserves, production and net asset value," said Paul Baay
Investments and investor services
The UK's blue chip benchmark closed down around 40 points at 7,179, while FTSE 250 shed around 58 at 19,068
Archive
It was another active week in the oil and gas sector.
SP Angel noted that Touchstone is re-establishing balance to its portfolio, and, it is taking steps to secure its continued growth
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including N Brown, Range Resources, Arena Events, Origo Partners, Associated British Foods and Sage Group
A review by consultants has confirmed that the prospects identified at Ortoire by Touchstone are of "a significant size", chief executive Paul Baay said
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including Elegant Hotels, Mears Group, Spire Healthcare, 7digital and Mirada
"We are very pleased to continue to deliver positive production results," said CEO Paul Baay
Investments and investor services
FTSE 100 closed 40 points higher at 6,895, while the mid-cap FTSE 250 closed around 12 up at 18,429.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including Bidstack, NAHL, Flybe, Stobart Group and AO World
Investments and investor services
The UK blue-chip benchmark closed down around 24 points at 6,918, while FTSE 250 added nearly 107 points on the day
Archive
It was a week of project updates, deals and contract awards.
Investments and investor services
A look at the day's gainers and painers, including Vodafone, FirstGroup and Haydale Graphene
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
The oiler has been drilling new wells and 'recompleting' old ones
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Monday
The FTSE 100 closed strongly as it joined a global rebound off last weeks volatility, however the latest Budget did little to help matters along
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
The first few days of October saw volumes rise above the initial 2,000 bopd rate, meanwhile, new wells continue to be optimised and further new drilling is just around the corner
Investments and investor services
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Wednesday
"We believe this is a difficult but necessary step for Petrotrin, and we look forward to working with them as a partner while they transition the business and return to profitability,” said Paul Baay
Investments and investor services
Michel Barnier apparently said that the bloc was willing to offer the UK a unique deal
It was a busy summer's week for the oil and gas sector, after a couple of weeks of lighter newsflow.
Investments and investor services
A look at the day's major movers, including Antofagasta, Falanx, D4t4, Avanti Communications, SalvaRx, Panthera Resources, Realm Therapeutics and REACT Group
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
It plans to spend an extra US$4.8mln on four additional wells to further lift output and sales.
The blue-chip index of leading shares closed down almost 31 points at 7,611
Archive
Aside from the UK data, the Day Ahead includes first-half numbers from blue-chip miner Antofagasta and from mid-cap insurer esure - which revealed a surprise bid approach on Monday
Archive
A look at the news releases this week from London's junior oilers