Touchstone’s last ops update highlighted delays to the Ortoire block work programme, with drilling at Royston-1 slipping and Coho and Cascadura first gas pushed back by a quarter. While frustrating, these delays are understandable given the current state of emergency in Trinidad and the exceptional level of activity the company is engaged in. It should not detract from the overall growth potential Touchstone offers. The major inflexion point for production and cash flow has been pushed into 2022 ....
07 Jul 2021
Touchstone Exploration - Delays frustrating, but upside potential undiminished
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Touchstone Exploration - Delays frustrating, but upside potential undiminished
Touchstone Exploration Inc (TXP:LON) | 43.5 0 0.0% | Mkt Cap: 101.9m
- Published:
07 Jul 2021 -
Author:
Jonathan Wright -
Pages:
11
Touchstone’s last ops update highlighted delays to the Ortoire block work programme, with drilling at Royston-1 slipping and Coho and Cascadura first gas pushed back by a quarter. While frustrating, these delays are understandable given the current state of emergency in Trinidad and the exceptional level of activity the company is engaged in. It should not detract from the overall growth potential Touchstone offers. The major inflexion point for production and cash flow has been pushed into 2022 ....