Market Impact: Positive. Touchstone reported 1Q16 production of 1,361 bbl/d that was in line with expectations, while cash flow of C$0.9 mm was better than expected. The Company has successfully completed two fracture stimulations that will increase production and improve recovery factors, and has identified at least 12 other well candidates that could undergo fracture stimulation work.
13 May 2016
REPORTS 1Q16 RESULTS AND ENCOURAGING FRACTURE STIMULATION OPERATIONS
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
REPORTS 1Q16 RESULTS AND ENCOURAGING FRACTURE STIMULATION OPERATIONS
Touchstone Exploration Inc (TXP:LON) | 50.5 -0.3 (-1.0%) | Mkt Cap: 118.3m
- Published:
13 May 2016 -
Author:
Darren B. Engels -
Pages:
3
Market Impact: Positive. Touchstone reported 1Q16 production of 1,361 bbl/d that was in line with expectations, while cash flow of C$0.9 mm was better than expected. The Company has successfully completed two fracture stimulations that will increase production and improve recovery factors, and has identified at least 12 other well candidates that could undergo fracture stimulation work.