Touchstone reported 2Q15 production of 1,786 bbl/d that was below expectations; however, funds fl ow from operations of approximately $0.8 mm or $0.01 per share was relatively in line with our estimate. For the remainder of 2015e and 2016e, we are modestly reducing our production forecast which has a slight negative impact to our cash fl ow estimate. Our 2015e cash fl ow estimate has decreased to $3.7
decreased to $10.1 mm (previously $11.5 mm).
14 Aug 2015
Touchstone Exploration (TXP) Reports 2Q15 Results
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Touchstone Exploration (TXP) Reports 2Q15 Results
Touchstone Exploration Inc (TXP:LON) | 42.2 -0.3 (-1.7%) | Mkt Cap: 99.0m
- Published:
14 Aug 2015 -
Author:
Darren B. Engels -
Pages:
6
Touchstone reported 2Q15 production of 1,786 bbl/d that was below expectations; however, funds fl ow from operations of approximately $0.8 mm or $0.01 per share was relatively in line with our estimate. For the remainder of 2015e and 2016e, we are modestly reducing our production forecast which has a slight negative impact to our cash fl ow estimate. Our 2015e cash fl ow estimate has decreased to $3.7
decreased to $10.1 mm (previously $11.5 mm).