Market Impact: Positive. Touchstone announced it has entered into an agreement to dispose of its Kerrobert heavy oil property and associated facilities and infrastructure to Quattro Exploration and Production for $4.15 mm ($650,000 cash and $3.5 mm in preferred securities). In addition to generating disposition proceeds for a non-core asset, Touchstone will eliminate its operating losses, reduce future development capital by approximately $1.0 mm and future abandonment liabilities by approximate ....
