Touchstone’s 3Q15 results are neutral and secondary to the previously announced acquisition of five onshore Trinidad blocks that is expected to close prior to year-end 2015e. Touchstone reported 3Q15 production of 1,638 bbl/d, which was in line with expectations. Cash flow was lower than expected, due to one-time severance costs and losses from the Canadian operations.
16 Nov 2015
3Q15 Results are Neutral to Our Outlook
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
3Q15 Results are Neutral to Our Outlook
Touchstone Exploration Inc (TXP:LON) | 43.5 0 0.0% | Mkt Cap: 101.9m
- Published:
16 Nov 2015 -
Author:
Darren B. Engels - Pages:
Touchstone’s 3Q15 results are neutral and secondary to the previously announced acquisition of five onshore Trinidad blocks that is expected to close prior to year-end 2015e. Touchstone reported 3Q15 production of 1,638 bbl/d, which was in line with expectations. Cash flow was lower than expected, due to one-time severance costs and losses from the Canadian operations.