Touchstone reported 3Q17 production of 1,437 bbl/d and cash flow of C$1.4 mm (US$1.0 mm). Cash flow was better than our estimate of C$1.1 mm (US$0.8 mm). Touchstone reported 3Q17 production of 1,437 bbl/d and cash flow of C$1.4 mm (US$1.0 mm). Cash flow was better than our estimate of C$1.1 mm (US$0.8 mm). Our 2018e production forecast has modestly increased, while our cash flow estimate remains unchanged at approximately C$6 mm (US$5 mm).
14 Nov 2017
Touchstone reports better than expected cash flow in 3Q17 and expanded development drilling program
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Touchstone reports better than expected cash flow in 3Q17 and expanded development drilling program
Touchstone Exploration Inc (TXP:LON) | 43.5 0 0.0% | Mkt Cap: 101.9m
- Published:
14 Nov 2017 -
Author:
Darren B. Engels -
Pages:
7
Touchstone reported 3Q17 production of 1,437 bbl/d and cash flow of C$1.4 mm (US$1.0 mm). Cash flow was better than our estimate of C$1.1 mm (US$0.8 mm). Touchstone reported 3Q17 production of 1,437 bbl/d and cash flow of C$1.4 mm (US$1.0 mm). Cash flow was better than our estimate of C$1.1 mm (US$0.8 mm). Our 2018e production forecast has modestly increased, while our cash flow estimate remains unchanged at approximately C$6 mm (US$5 mm).