Solid results from Touchstone, which has spud its latest exploration well on the prolific Ortoire block, Chinook-1. Success would provide another major uplift to the valuation and the growth outlook. Production inevitably took a back seat to this drilling programme, but impressive cost reductions and cash preservation efforts leave Touchstone in a healthy financial position with ~US$15m of available liquidity. Touchstone remains not only an exciting high-impact exploration play but also a str
14 Aug 2020
Touchstone Exploration - Drilling underway at Chinook
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Touchstone Exploration - Drilling underway at Chinook
Touchstone Exploration Inc (TXP:LON) | 50.5 -0.3 (-1.0%) | Mkt Cap: 118.3m
- Published:
14 Aug 2020 -
Author:
Jonathan Wright -
Pages:
5
Solid results from Touchstone, which has spud its latest exploration well on the prolific Ortoire block, Chinook-1. Success would provide another major uplift to the valuation and the growth outlook. Production inevitably took a back seat to this drilling programme, but impressive cost reductions and cash preservation efforts leave Touchstone in a healthy financial position with ~US$15m of available liquidity. Touchstone remains not only an exciting high-impact exploration play but also a str