Touchstone’s agreement to acquire five onshore blocks from Trinity Exploration & Production (TRIN LN) has been terminated. Trinity was not able to satisfy the required government conditions prior to the termination date of March 31, 2016. Touchstone has received its deposit amount of US$2.08 mm that was originally paid. The termination of the agreement can be viewed positively. There is the potential for Touchstone to still acquire the assets, and potentially at a more favourable acquisition pri ....
15 Mar 2016
Agreement to Acquire Five Onshore Blocks in Trinidad Terminated
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Agreement to Acquire Five Onshore Blocks in Trinidad Terminated
Touchstone Exploration Inc (TXP:LON) | 43.0 -0.2 (-1.1%) | Mkt Cap: 100.7m
- Published:
15 Mar 2016 -
Author:
Darren B. Engels -
Pages:
6
Touchstone’s agreement to acquire five onshore blocks from Trinity Exploration & Production (TRIN LN) has been terminated. Trinity was not able to satisfy the required government conditions prior to the termination date of March 31, 2016. Touchstone has received its deposit amount of US$2.08 mm that was originally paid. The termination of the agreement can be viewed positively. There is the potential for Touchstone to still acquire the assets, and potentially at a more favourable acquisition pri ....