Q4 marked the start of Touchstone’s transformation from a mature oil producer in Trinidad to a high growth gas and oil producer following the start-up of the Coho gas field in October. This drove a 67% surge in Q4 production y/y and contributed to a 39% increase in FY22 revenues and over a 70% increase in EBITDA. There’s more where that came from on the horizon too, with Touchstone confirming that Cascadura remains on track for first gas around mid-year and which we expect to deliver a quantum l ....
29 Mar 2023
Touchstone Exploration - FY22 results
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Touchstone Exploration - FY22 results
Touchstone Exploration Inc (TXP:LON) | 50.5 0 0.0% | Mkt Cap: 118.3m
- Published:
29 Mar 2023 -
Author:
Jonathan Wright -
Pages:
10
Q4 marked the start of Touchstone’s transformation from a mature oil producer in Trinidad to a high growth gas and oil producer following the start-up of the Coho gas field in October. This drove a 67% surge in Q4 production y/y and contributed to a 39% increase in FY22 revenues and over a 70% increase in EBITDA. There’s more where that came from on the horizon too, with Touchstone confirming that Cascadura remains on track for first gas around mid-year and which we expect to deliver a quantum l ....