Touchstone reported 1Q15 results that were neutral to expectations. The Company reported production of 2,036 bbl/d, consisting of 1,742
bbl/d from Trinidad and 294 bbl/d from Canada. During the quarter, Touchstone divested of its Luseland asset for $2.2 mm. The Company will continue with its plan to divest other non-core assets. With proceeds from dispositions, it is possible for Touchstone to drill its first Viking wells in 2015e, which would serve as a potential catalyst for the stock. At pre ....
15 May 2015
1Q15 Results in Line, Potential to Drill Viking Wells in 2H15e
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1Q15 Results in Line, Potential to Drill Viking Wells in 2H15e
Touchstone Exploration Inc (TXP:LON) | 50.5 -0.3 (-1.0%) | Mkt Cap: 118.3m
- Published:
15 May 2015 -
Author:
Darren B. Engels -
Pages:
5
Touchstone reported 1Q15 results that were neutral to expectations. The Company reported production of 2,036 bbl/d, consisting of 1,742
bbl/d from Trinidad and 294 bbl/d from Canada. During the quarter, Touchstone divested of its Luseland asset for $2.2 mm. The Company will continue with its plan to divest other non-core assets. With proceeds from dispositions, it is possible for Touchstone to drill its first Viking wells in 2015e, which would serve as a potential catalyst for the stock. At pre ....