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A look at some of the top risers and fallers in London today
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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.
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A look at some of the top risers and fallers in London today
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A glance at some of the day's highlights from the Proactive Investors newswire
"I am pleased to report that we now have drilled the first seven wells of the ten well programme,” said Paul Baay, Touchstone chief executive
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
The Range Resources Drilling Services Limited unit is going to drill a well for Trinidad neighbour Touchstone Exploration
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At the close, the UK blue chip index was 4.68 points higher at 7,663.78, just below the session peak of 7,681.86, having recovered from a low of 7,636.60
The City broker’s bullish view comes after its analysts upgraded their sum-of-the-parts valuation for the Trinidad-focused oil producer by circa 20% to 35p, up from 29p previously
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
The two companies reached a deal in principle back in April and they have now signed a more formal sale and purchase agreement
FTSE 100 tanked on the day, along with other European indices
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the biggest risers and fallers in London.
Investments and investor services
The UK premier share index closed 2.58 points, or 0.03% to stand at 7,631
It was a busy week of high profile project updates for the junior oil and gas sector.
Some of the main news-driven risers and fallers in London on Tuesday afternoon...
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A glance at some of the day's highlights from the Proactive Investors newswire
"The drilling campaign continues to provide significant organic growth for the company,” said Paul Baay, Touchstone chief executive
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
The Trinidad firm has been ramping up production and the first quarter showed a major improvement from the comparative period in 2017
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London on Monday
Average production was up in the first quarter, grew further through April and three more new wells are due online in the coming weeks
FTSE 250 fared better though closing ahead by around 15 points at 20,800.
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A glance at some of the day's highlights from the Proactive Investors newswire
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The sofa seller is bedding in its recently acquired business and last month said its second quarter was 'on track', nevertheless, the City sees a challenging market for big ticket retail.
A look at some of the biggest risers and fallers in London on Tuesday
“This year has been transformational for Touchstone based on our successful listing on the London AIM market in June 2017 and the completion of a fundraising in December to finance our 2018 ten well drilling campaign"
In the currency markets, the pound shed 0.17% against the Euro, and lost 0.46% against the US dollar
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Also previewed: Irn-Bru maker AG Barr and water company United Utilities
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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
"As a result, we have identified more than a dozen prospects, each of which has the potential to hold more than 20mln and 400mln barrels individually.
A glance at this week’s top stories from London’s junior oilers
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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
Oil sales averaged 1,521 and 1,552 barrels per day in January and February respectively, production from the new wells is described as strong
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FTSE 100 closed down around six points at 7,132 but big cap miners were up
This week the oil and gas sector brought news of gas discoveries, acquisitions, and financial results
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A glance at some of the day's highlights from the Proactive Investors newswire
“With the current drilling and re-completion programme the company expects to rapidly convert reserves into production, cash flows and earnings"
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The premier UK blue-chip exchange added around 45 points at 7,203, while FTSE 250 also stormed higher, up 193 points at 19,968.
This week the oil and gas sector brought news of new exploration plans, project updates and financial results.
Touchstone shares advanced as a 10-well programme was launched in Trinidad
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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 the London market on Wednesday
Touchstone expects the campaign will be fully-funded by its current cash balances and cash flow from operations
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main news-driven risers and fallers in London on Friday...
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
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Proactive takes a look at the news from the small cap oil and gas sector
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at some of the top risers and fallers in London today
Touchstone has now begun preparations for the first four well sites of the 2018 campaign, and drilling is due to start on the first well on or about January 22.
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London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
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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 Tuesday
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
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A glance at some of the day's highlights from the Proactive Investors newswire
Vela Technologies PLC flying high after investee company bags deal with American Airlines
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The FTSE 100 closed the day higher, as the weak pound helped, while other European indices lagged
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A glance at some of the day's highlights from the Proactive Investors newswire
Vela Technologies was a big riser in early deals in London
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London's junior oil firms reported progress with operations this week
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the biggest risers and fallers in London on Monday
"Production from the company's 2017 drilling program continues to exceed expectations and we are looking forward to returning to the field to drill the next four wells."
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It was another busy day for London's junior miners, drug developers and technology groups.
“With the further increase in operating netback achieved during this quarter, we are in position to continue to strengthen and grow our business"
“We reckon that considerable running room remains for Touchstone’s shares," said Shore Capital analyst Craig Howie.
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Hurricane Energy, Gulf Keystone and Highlands Natural Resources were among the week's oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
Shore has raised its 2018 production forecast to 1,800bopd (from 1,700bopd).
The two wells drilled recently at Coora 1 chipped in an average 202 barrels
Total sales in July and August were 1,349 and 1,591 barrels per day respectively
"We have had a very positive second quarter," said chief executive Paul Baay.
To coincide with its listing on London's junior market it has appointed a UK-based non-executive director
Total consolidated (Trinidad and Canada) 2P reserves were put at 15,465mln barrels of oil equivalent (gross)
In the future the company will focus on its offshore Trinidad licences.
Trinity Exploration has confirmed that its ongoing debt moratorium has been extended further.
Bruce Dingwall is to take over as executive chairman with Nirmala Maharaj to become country manager with immediate effect.