Touchstone’s independent reserves evaluation confirms the massive potential of the Cascadura discovery on the Ortoire block. These will be highly profitable barrels too. Their rapid development will provide a material step change in Touchstone’s production and cash flow via a multi-year, low cost development programme. We are raising our price target and risked-NAV by a third, from 68p to 91p/sh, with plenty of further upside potential still on offer from Touchstone’s immine
22 Jul 2020
Touchstone Exploration - Cascadura keeps delivering
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Touchstone Exploration - Cascadura keeps delivering
Touchstone Exploration Inc (TXP:LON) | 50.5 -0.3 (-1.0%) | Mkt Cap: 118.3m
- Published:
22 Jul 2020 -
Author:
Jonathan Wright -
Pages:
9
Touchstone’s independent reserves evaluation confirms the massive potential of the Cascadura discovery on the Ortoire block. These will be highly profitable barrels too. Their rapid development will provide a material step change in Touchstone’s production and cash flow via a multi-year, low cost development programme. We are raising our price target and risked-NAV by a third, from 68p to 91p/sh, with plenty of further upside potential still on offer from Touchstone’s immine