Market Impact: Neutral. Touchstone reported 4Q15 production of 1,420 bbl/d (74 bbl/d associated with its Kerrobert property which was disposed of 1Q16). The Company's 4Q15 funds flow was C$1.4 mm, which beat our expectation of C$1.2 mm, as operating netbacks for Trinidad were slightly better than expected. Touchstone was able to reduce per barrel annual operating expenses by 16% or $4.85/bbl y/y.
24 Mar 2016
ANNOUNCES 4Q15 YEAR-END RESULTS
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ANNOUNCES 4Q15 YEAR-END RESULTS
Touchstone Exploration Inc (TXP:LON) | 50.5 0 0.0% | Mkt Cap: 118.3m
- Published:
24 Mar 2016 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Neutral. Touchstone reported 4Q15 production of 1,420 bbl/d (74 bbl/d associated with its Kerrobert property which was disposed of 1Q16). The Company's 4Q15 funds flow was C$1.4 mm, which beat our expectation of C$1.2 mm, as operating netbacks for Trinidad were slightly better than expected. Touchstone was able to reduce per barrel annual operating expenses by 16% or $4.85/bbl y/y.