Touchstone previously reported 4Q17 production of 1,448 bbl/d. Normalized cash flow of approximately C$1.8 mm was in line with our estimate of C$2.0 mm. With strong 1Q18e production volumes and current volumes in excess of 1,700 bbl/d, we have increased our 2018e and 2019e production forecast.
27 Mar 2018
Touchstone announces 4Q17 results and increased production outlook
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Touchstone announces 4Q17 results and increased production outlook
Touchstone Exploration Inc (TXP:LON) | 50.5 0 0.0% | Mkt Cap: 118.3m
- Published:
27 Mar 2018 -
Author:
Darren B. Engels -
Pages:
7
Touchstone previously reported 4Q17 production of 1,448 bbl/d. Normalized cash flow of approximately C$1.8 mm was in line with our estimate of C$2.0 mm. With strong 1Q18e production volumes and current volumes in excess of 1,700 bbl/d, we have increased our 2018e and 2019e production forecast.